Partnering with a China sourcing agent who can act as the go-between is the best way to avoid getting scammed or making poor sourcing decisions. Experienced China sourcing agents have the inside knowledge of how the supply chains work in China. They know which sellers are genuine, and can carry out onsite inspection of the [...]
Seven out of the ten busiest ports in the world are located in China. As 80% of global trade occurs through the sea as per the United Nations Conference on Trade and Development, Chinese ports handle the bulk of the global trade. The initial lockdowns imposed due to the coronavirus pandemic impacted global shipping due [...]
Although often shrouded in overly complicated financial terms, business valuations are generally straightforward. As a baseline, companies are worth the amount of cash they generate each year, times some “multiple” heavily influenced by the attractiveness of the relevant industry. Within each industry, larger companies will trade at higher multiples than will smaller ones. In today's [...]
To sell a service, you have to make sales contacts. It could be at a trade show, a networking event, in someone’s office, or on the phone, but you have to tell people what you do and start the conversation. You knew this. Don’t roll your eyes. Keep reading. When your goal is to sell [...]
Now we have put together a helpful checklist to find the right one for your business. Document exactly what you need Create a document that lists your requirements from your sourcing agent as well as your supplier. Take your time to ensure that you have listed all your requirements. Remember that business practices differ in [...]
When selecting a sourcing agent in China, there are a few things that you need to bear in mind to make the right choice. Location of the sourcing agent When you go through the Google list of sourcing agents in China, look for the location of the sourcing agent. Are they Chinese, or are they [...]
There are several competing factors for businesses deciding whether to choose an agent or distributor. Agents are generally a cheaper option and allow a greater degree of control over sales. However, there are often attached tax implications and no guarantee that the agent is not selling a competitor’s products as well. Agents tend to be [...]
What is moldflow analysis? Mold flow analysis (or MFA) uses software to create a simulation of plastic flow, allowing manufacturers to enhance the design of their mold through a flow analysis of injection molds and create a better product. By conducting mold flow analysis, manufacturers can get a glimpse into how the material they are [...]
If you’re importing from China and researching around the topic, you’ll have likely heard of sourcing agents. In this post, we will be exploring the use of sourcing agents and helping you to determine whether using a sourcing agent would benefit your business. Finding a high quality manufacturer is the often one of the first [...]
Every injection mold build comes with some challenges that need solutions. The size of those challenges depends on the project and might be tied to the part design itself, the mold makers capabilities, the kind of press the mold will run on, the expectations that production fulfillment is putting on a mold, or a 1000 [...]