Let us say you have got a grand idea to manufacture a certain product in your company, however, you have a very limited budget. So what do you do in such a situation? One idea by which you can reduce your cost can be by manufacturing products in China. China has the ability to manufacture any product at a very competitive cost. The reason is because China has a huge manufacturing capacity. Also, China has plenty of trained manpower available and the labour cost is extremely low as compared to any western country.

These days, most of the manufacturing companies all over the world are interested to buy from China factories directly as they can offer at very competitive prices. However, the quality of Chinese products always remains a question mark. Therefore, it is essential to do a factory audit in China by either visiting their factory or through a certain China buying agent whom you trust. This will firstly ensure that the factory does exist, as these days there are many scams found on the internet where several Chinese traders had represented themselves as manufacturers on their website.

China has emerged as the manufacturer of various goods all over the world as now they are manufacturing and selling more goods as compared to any other countries of the world. Therefore, China is often called the ‘World’s Factory,’ and this manufacturing sector is now driving China’s economy. China has turned into the most important manufacturing hub of various industrial products because of its ability to produce at a very low cost. In case you are interested to make your business more cost-competitive, then only sourcing from China will make that possible.

As per the data available, in 2019, the global manufacturing of product output was sourced maximum from China, which was 28.7 % of the total global manufacturing output. This data is an eye-opener for countries like the USA whose contribution was merely 16.8%. Now we can call China as the largest manufacturer in the world. If you are in any manufacturing business, importer, or trader then it is very likely that you also must be sourcing several goods from China.

Global Sourcing is a strategy wherein procurement of products and services are sourced from throughout the world to obtain the highest levels of efficiency. Global Sourcing mission is to reduce production cost while maintaining the high-quality standards required for goods and services. Another important consideration is to ensure that the value evaluation, quality, and deliverability are sustained for the long term.

Wholesalers exist to buy and sell in bulk. It's their business model. Generally, in the UK or USA, it is easier to buy in bulk from wholesalers and distributors than brands that make the products. This is because the brands may receive orders from several other customers and will prioritise based on factors like seller reputation, years in business and order volume. A new business may luck out or it take longer to buy. When it comes to buying bulk products from China, large Chinese manufacturers have the ability to meet the demand from multiple customers at a time. The quantities you can buy will depend on the type of product, lead times and production capacity.

China is the world's leading supplier of goods, with a manufacturing sector that is the envy of the world. The country's factories can turn out just about anything, and at a fraction of the cost of factories in developed countries. Despite this, doing business with Chinese suppliers can be difficult. The process is often opaque, and cultural differences can lead to misunderstandings. It is therefore important to have a reliable partner who can help you navigate the complex world of Chinese manufacturers. A procurement agent can help your business navigate the complex process of finding and working with manufacturers to produce high-quality products. They will create a sourcing plan, identify suppliers, and manage the production process on your behalf. By outsourcing this work to a professional, you can save time and money while ensuring that your products meet your high standards.

You've heard of Alibaba but do you know 1688.com? It is a wholesale platform owned by Alibaba mainly serving domestic businesses. While Alibaba was designed as an export machine for international trade, 1688 has a wholly China focus, and does business in the local currency renminbi. Why, then, should you know about 1688 sourcing agents? We break it down for you.

When you think of the word 'wholesale', you think of a company buying products from a factory and reselling them to you. The price offered by the manufacturer is the 'factory price'. This is the price at which they sell the products made at their factory to a wholesaler, trading company or buyer. Wholesalers and trading companies add a margin to this price and sell you products at a higher price. This is the 'wholesale price' and obviously, it costs you more than if you were to buy the products directly from the factory. Asian wholesale buying is quite easy to understand and necessary to know as well. Without making clear distinctions between a factory and wholesaler or trading company, and the advantages and disadvantages of sourcing from each, you could make costly mistakes.

When shipping goods from China to your country, you can consider less-than-container load (LCL) shipment, one of two major options for sea freight. The other is full-container load (FCL). In this post, we take you through what an LCL shipment is, its advantages, when to use it and how it compares against full container load (FCL).