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Trade between China and ASEAN grow

11

Aug 2014


International trade, Opportunities
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Trade between China and ASEAN grow

Trade between China and the ASEAN has been growing despite recent disputes in the South China Sea, economists say. According to Chinese customs data published on Friday, trade between China and the Association of Southeast Asian Nations (ASEAN) rose 5.4 percent (in U.S. dollar terms) year-on-year to reach 261.3 billion U.S. dollars in the first seven months. China's exports to the ASEAN bloc grew 8.1 percent to 146.2 billion U.S. dollars in the first seven months, while imports amounted to 115...

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Mistakes when sourcing in China

29

Jul 2014


Global Sourcing, Opportunities, Service Offered
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Mistakes when sourcing in China

Lots of foreign companies want to import from China, but most of them do not take the necessary time to find the right supplier. Here are the 7 most common mistakes foreign companies make when sourcing in China: Lack of a well-defined strategy: When sourcing goods in China, you must have a well-defined sourcing strategy or “road map,” including locating the best supplier for your particular needs. Too few small companies do the proper due diligence when shopping for goods in China. As ...

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Beijing and Seoul new trade agreement

21

Jul 2014


International trade, Opportunities
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Beijing and Seoul new trade agreement

Chinese and South Korean leaders have pledged to sign a bilateral trade agreement between China and South Korea by the end of this year and introduce direct trading of their currencies to spur cross-border renminbi transactions and deepen economic ties in two of Asia’s largest economies. The agreement was made between Chinese President Xi Jinping and his Korean counterpart Park Geun-hye on his first visit to Seoul. “Through these measures, exchange between companies and citizens in the tw...

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5 Whys – Problem Solving Techniques

10

May 2014


Global Sourcing, Quality Control, Quality Management, Safety and Compliance, Supplier Assessment
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5 Whys – Problem Solving Techniques

The 5 Whys is a simple among many of the problem solving techniques that helps you to get to the root of a problem quickly. Made popular in the 1970s by the Toyota Production System, the 5 Whys strategy involves looking at any problem and asking: "Why?" and "What caused this problem?" Very often, the answer to the first "why" will prompt another "why" and the answer to the second "why" will prompt another and so on; hence the name the 5 Whys strategy. Benefits of the 5 Whys include: It h...

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Why to check suppliers for a slave labor?

17

Apr 2014


Global Sourcing, Quality Management, Safety and Compliance, Supplier Assessment
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Why to check suppliers for a slave labor?

Just half of UK manufacturing companies are auditing their first tier suppliers for child workers, slaves and conflict minerals, according to researches. It found fewer – 38 per cent – are auditing tier two vendors on the same criteria; and one in five said they are confident in suppliers’ ethical compliance purely because of personal relationships. The study revealed 80 per cent of UK manufacturers said they were “very confident” their tier one suppliers did not use slave labor,...

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New shipping opportunities

11

Apr 2014


Global Sourcing, Logistics, Opportunities
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New shipping opportunities

Senior government officials from Japan and Norway believe that developing environmental solutions is set to be a new growth area for the marine and shipping industries. In a message to the opening ceremony of Sea Japan 2014 in Tokyo on Wednesday, Japan’s Prime Minister Shinzo Abe, said he had high hopes that the marine resource management market would become a new growth area. Other Japanese government officials underscored the view that the green revolution in shipping provided business...

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