Posts tagged "supplier"

3 Best CSIC Resources in March

  Founded in 2010, the China Sourcing Information Center (CSIC) is a not-for-profit organization that exists to educate, develop and advance the China sourcing profession. All CSIC content is made available to the public free of charge thanks to donations from individuals and corporations.   Last month China Sourcing Information Center had again some really good viewpoints of buying and selling in China. Here are the 3 Main Issues discussed:   1. Buying and selling in China ...

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Buyers, Beware of E-mail Scams!

E-Mail Scams Rising During the past month, we have again dealt with clients who have been victims of a new type of e-mail scam. Basically, what the scam is about is that someone hacks into the e-mail accounts that are belonged to suppliers in Asia. The hacker sends an e-mail, usually an invoice, through that account and tells that due to new company policies, they are changing bank accounts to a bank in another country, usually somewhere in Europe. In worst cases the client pays the money to ...

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What is Trade Fair Representation?

Hey guys! You know that sometimes you are in need of seeking new suppliers, but you just don't have the resources to do that. Maybe you don't have enough time or money to go to another country, or maybe you want someone else to take care about the sourcing because you would have problems with the language the suppliers speak.   So, what does Trade Fair Representation actually include?   We will represent you at a trade show where you can not attend.  The sourcing analyst o...

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My First Inspection

Today I am going to tell you about my first eye-opening inspection in China. To tell you shortly about my background, I come from a business school in Finland and currently doing my internship in China. My previous job experience includes mainly positions in the retail and insurance sector. Now, I am responsible of marketing, and basically all the consulting services we do for international trade are a completely new field for me, which makes this all super interesting.   There are a lot...

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What is on Canton Fair October 2014?

The Canton Fair is China’s largest Trade show. Hosted in the capital of the Guangdong province, Guangzhou, it’s a major yearly event for import businesses of all sizes. Foreign business owners visit the fair on bi-annual basis, with hopes and dreams to find reliable Chinese suppliers or importers. Previously, a great majority of the visitors attended the fair to search for Chinese suppliers. But times are changing and nowadays you can find a decent amount of foreign exporters who visit the f...

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What and Why – Pre Production Inspection

What is PPI - Pre Production Inspection?   The “PPI” or "IPI" (Initial Product Inspection) is completed right before the beginning of the actual mass production. It is done after the identification or evaluation of your vendor. The objective of the inspection is to ensure that your vendor and factory has truly understood your order’s requirements and specifications and that they are well prepared for production. The inspection is completed onsite at the factory or vendor offic...

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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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China’s Rising Costs

Companies that reevaluate their China-based manufacturing operations can remain competitive despite inflation.                                     Executives across China have been quick to mention rapidly increasing labor costs in recent years as one of their top concerns for their China operations. China’s labor costs in the urban manufacturing sector reached ¥31,000 ($4,579) per employee per year in 2010, more than doubling from just ¥12,700 ($1,5...

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Why Being in China Is Compulsory?

If you have ever imported from China before, you know how important it is to have a presence on the ground, with your own staff or with external help. Not having one can create many headaches, frustration and can cost you thousands of dollars. Not having representatives in China can be the difference between managing a successful importing project from China or an unsuccessful one.   Setting up your own presence in China can be difficult, expensive and time consuming. Therefore, many ...

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T4T: Platform for Your Operation Aboard

Tired of wasting time compelling, updating and forwarding all data of abroad activities to your colleagues? Tech4Trade is made for you!   Tech4Trade (T4T) is a web-based application designed to give you and your team a secure online place where to store, organize and share all your procurement projects and documents.   Thanks to Tech4Trade, you can follow the whole procurement process from home and manage your orders from our international trading platform!   You...

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