Global Sourcing


Top 10 problems in International Trade

The most common issues you can face doing international trade: 1. Distance: Due to long distance between different countries, it is difficult to establish quick and close trade contacts between traders. Buyers and sellers rarely meet one another and personal contact is rarely possible. There is a great time lag between placement of order and receipt of goods from foreign countries. Distance creates higher costs of transportation and greater risks. 2. Different languages: Different lang...

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US trade with China seen rising

The US may overtake the European Union (EU) to become China's largest trade partner this year , Wei Jianguo, former vice minister of commerce, forecast on Wednesday. The prediction is based on the robust economic recovery in the US and trade frictions between China and the EU, Wei told a forum held by the China Chamber of International Commerce in Beijing. The EU has been China's largest trade partner since 2004. In the first 11 months of this year, China's trade value with the EU was st...

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Chinese shopping ’till they drop…online

Add one more fact about China's burgeoning economy to the shopping cart. The e-commerce market in the world's most populous country is expected to leapfrog that of the United States this year to become the world's largest by total customer spending, management consultancy firm Bain & Company says. And online spending could account for half of all Chinese retail spending within a decade, according to Chinese e-commerce firm Alibaba Group. The change in shopping habits comes as almost hal...

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How China is implementing the Reform?

The Third Plenum provided an impressive statement of reform intentions, but it changed nothing on the ground. Capital Economics pointed to these six signposts to look for to gauge how rapidly new policies will actually be implemented.   1. 2014 GDP target.   The coming weeks should provide a few clues on how fast the leadership intends to act. The National Development and Reform Commission, China’s top economic planner, this week said it is drafting a reform plan for 2014. China-...

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Chile plan to export to China and India

The agro-food production from both Chile and Peru could start increasingly complementing one another in the coming years as a result of Chile's invitation to start exporting together to China and India. "We seriously need to consider "Chindia", which in 2050 will represent 46% of the world's GDP," pointed out Carlos Escaffi Rubio, adviser for the Economic Department from Chile's embassy in Peru. He also added that "what we can do is start collaborating and complementing one another with produ...

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Kinds of inspectors in China

When you want to hire a team to perform your quality inspections in China, you have a wide choice of profiles. We have done a lot of trial-and-error over the years, and here are the types of inspectors that we have come across. I have listed the profiles in my order of preference.   fffff 1. The employee with experience in a trading company She used to be a purchaser, a salesperson, a merchandiser (as they are called in the garment industry)… in some kind of office role, but she often...

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