Posts tagged "global trade"

International Sales Contract

23

Sep 2020


audits, China, Contract, Covid 19, factory audits, Global Sourcing, Safety and Compliance, Sales Contract, supply chain
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International Sales Contract

Jorge Millan & Ivan Hernandez An international sale contract is a binding agreement between the parties in which it establishes the commitments acquired in the transaction, that is, it is the formal beginning of the relationship between the supplier and the buyer, regardless of the country in which they are located. As we have mentioned in our previous articles, an efficient sourcing of supplier and analysis is the fundamental part of any international purchasing project. Likewise, we ...

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WeChat in the Supply Chain

26

Aug 2020


China, Global Sourcing, International trade, Quality Management, supply chain
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WeChat in the Supply Chain

On August 6th, President Donald Trump issued an executive order that bans US individuals and companies from doing business with WeChat citing national security concerns. WeChat has also raised some concerns in other countries such as Australia and Canada and in June, WeChat was also banned in India. What is WeChat? WeChat is China´s most popular messaging app and according to Statista the number of active accounts has been increasing steadily. In the second quarter of 2020, WeChat had o...

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CHINESE PEOPLE ATTITUDE TOWARDS BRANDS

04

May 2016


Global Sourcing
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CHINESE PEOPLE ATTITUDE TOWARDS BRANDS

China may be closed to the outer world one time, but when it opened its door the the outer world, well, you can conclude yourself :) . I wrote this article to give you more insight about Chinese people attitude towards brands. It's very important, moreover for you, who want to enter the Chinese market.     Research Says... Based on research that was done by Cohn & Wolfe about the authenticity of the brands in the eyes of consumers, financial brands like the Bank of China a...

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STEEL PRODUCTION RESTRICTION

27

Apr 2016


Global Sourcing, International trade
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STEEL PRODUCTION RESTRICTION

China is the world's biggest steel producer, accounting for around 822 million tonnes a year. There was a call from the US, Canada, the EU, Japan, Mexico, South Korea, Switzerland and Turkey to restraint the world's steel production. The call was raised due to the failure of international talks to find measures to tackle the industry crisis.   Selling Steel at a Loss In the past months, record production in China has led to criticism. Analyst saw it as a distortion for international ...

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CHINA’S SEMICONDUCTOR INDUSTRY

26

Apr 2016


Global Sourcing, Opportunities
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CHINA’S SEMICONDUCTOR INDUSTRY

Yesterday, I wrote a final essay about how technology changes the way we live. As I reflect, can you imagine how that thing changes our life in many aspects! In daily life, we are spoiled by the internet. Fast, fast, fast. Everything's becoming more and more instant. Even the nature of business has been changing.   Recently, I've been attracted with China's commitment in improving quality. Yes, quality, not quantity anymore. If you are following news about China, China has been helping m...

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CHINA’S PRIORITY IN IP PROTECTION

22

Apr 2016


Global Sourcing, Quality Control, Quality Management
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CHINA’S PRIORITY IN IP PROTECTION

Last time, we've discussed about one of the biggest downside in China's industry: counterfeit. Chinese government has been trying to beat the counterfeit and increase the Intellectual Property or IP protection. So far, Chinese government has found some brilliant ways to fight the counterfeit. Let's find out the details!   Innovation Stream in China Don't underestimate China! Like I always say, they're really serious in improving their quality and innovation. This innovation has been le...

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THE STABILITY OF CHINESE YUAN

15

Apr 2016


Global Sourcing, International trade
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THE STABILITY OF CHINESE YUAN

Canton Fair is starting today! Last 2 days ago, I wrote an article that I hope can help you, not to get a culture shock when arriving at China. Today... I'm writing an article about the update of Chinese Yuan, that is the most important thing for your purpose in coming to China.   Chinese Yuan has been a hot topic, since it was planned to add the IMF's reserved currency basket. But, this also makes us nervous as the news regarding Chinese Yuan always change and as we know, in the currenc...

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A LEARNING FROM FACEBOOK AND ALIBABA

24

Mar 2016


Global Sourcing, International trade
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A LEARNING FROM FACEBOOK AND ALIBABA

Currently, the photo of Facebook's founder, Mark Zuckerberg, jogged at Tiananmen, Beijing in its hazy weather shook the social media world. "Smog Jog" has been the trending topic lately and many criticisms showered the post. Despite many comments and criticisms, Zuckerberg visited Beijing to attend the state-backed economic forum last weekend. This economic forum's purpose was to discuss China's economic plans. Along with Zuckerberg, Alibaba's founder, Jack Ma also attended the forum. Let...

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CHINA’S FIVE YEAR PLAN GLOBAL IMPACT

23

Mar 2016


Global Sourcing
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CHINA’S FIVE YEAR PLAN GLOBAL IMPACT

We've been talking about China's Communist Party annual meeting about its Five Year Plan lately. This time, let's figure out about its global impact!     It's not only about domestic affairs, but also global An analyst said that as China steered itself toward quality development in the next five years, and it will be a critical period of transition, thus, the world should cast their eyes east. The draft of its Five Year Plan (2016-2020) includes policies, priorities, as well as ...

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CHINA FIVE YEAR PLAN: PROS & CONS

18

Mar 2016


Global Sourcing, International trade
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CHINA FIVE YEAR PLAN: PROS & CONS

Every year on March, Chinese Government's one and only party, the Communist Party of China holds their annual meeting. Hey ho, thanks to this meeting, foreigners cannot access Google, Facebook, Instagram and other things, except Chinese websites. Anytime government has important events, they tighten their what so called "Great Wall", that the VPN (a network to break the "Great Wall" so that we can open our beloved Google) cannot pass through.   The Congress   In the meeting or co...

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