I have found five good articles of interest to importers recently. Here they are, in no particular order.
Andrew Reich, a friend a real expert in China manufacturing & QC, gives us a short list of what to look for in a potential supplier:
- Transparency and honesty
- Focus on quality
Excellent advice, and well worth a read.
It seems like a lot of people contact Dan Harris after getting scammed in China. One red flag that buyers should watch out for is a change in bank account.
Here is his advice on this subject:
Chinese companies are very loyal to their bank and so you should view with extreme suspicion any request to make a change in the payment bank. You should not even consider such a request unless the request is made in writing on a revised purchase order stamped with the company seal. Even in that case, it is important to contact someone you know in the company with supervisory authority to ensure that the request is valid.
After several journalists wrote about the “re-shoring” or “in-sourcing” trend that consists in bringing production back from China to the US, Etienne Charlier gives us his view on that phenomenon.
He points out the reasons behind the well-publicized cases (anecdotes?) about re-shoring. It is a nascent trend that will probably take place only in certain product categories.
This article shows forecasts from several experts who don’t always agree on the long-term trend that pushes factories away from expensive coastal areas. (Let’s call this the “in-landing” phenomenon?)
This paragraph seems like a good summary of the whole article:
The low value-added labour-intensive stuff like toys, textiles and shoes are leaving China. But most of the rest of China’s manufacturing is staying and moving inland where they get tax breaks, cheap land and labour. That is the dominant trend.
It is perfectly applicable to relationships between importers and local suppliers!