Posts tagged "export"

Boost Supply Chain in S. African Wine

30

Aug 2013


Global Sourcing, Logistics, Supplier Assessment
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Boost Supply Chain in S. African Wine

JOHANNESBURG, Aug. 27 (Xinhua)-- An improving supply chain could help South African wine industry and raise the country's economic competitiveness, according to a study released on Tuesday.   Lack of supply chain awareness is hampering the competitiveness of South Africa's wine industry, said the study released in Johannesburg.   "Many cellars are still thinking like fruit farmers who merely sell their produce to exporters. It's a mindset that can, and must urgently change,...

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See Mexico Tequila on China’s Top Shelf

09

Aug 2013


Global Sourcing, Logistics, Quality Control
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See Mexico Tequila on China’s Top Shelf

MEXICO CITY — China has finally invited Mexico to the party and is letting it bring its finest booze, ending a de facto ban on pure agave tequila.   Tequila makers are celebrating the long-awaited opening of China’s market after President Xi Jinping came here in May and, among other things, announced China would relax the restrictions that have prevented brands like Herradura, Patron, Don Julio, and José Cuervo from exporting there. The industry envisions positioning its tequila ...

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China’s Rising Costs

31

Jul 2013


Global Sourcing, Logistics, Opportunities
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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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New Rail Cargo Zhengzhou-Hamburg

22

Jul 2013


Global Sourcing, Logistics
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New Rail Cargo Zhengzhou-Hamburg

Responding to rising trade volumes, Zhengzhou, a business and logistic center in Central China, has started rail service to Hamburg, Germany.   The train takes 18 days to make the 10,214-kilometer trip, but that's more than twice as fast as maritime transport. It can also effectively save 80 percent of the cost compared with air shipments, and it's about $489 cheaper on average compared with road transportation, which is a major incentive for the Eurasian Land Bridge, also dubbed New ...

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China’s Come Back after the Gap

03

Sep 2012


Global Sourcing, Logistics
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China’s Come Back after the Gap

China started to get scared as the beginning of year 2012 was not as good as expected or usual in exports target. The giant exporter let the world it can weakens at any time, but in the end, as usual, China takes it back and will finally meet their target. In Beijing, China's trade ministry sought to dispel worries about slowing economic growth in July by saying exports are likely to pick up in coming months and the country can meet its 10 per cent exports growth target for 2012.   S...

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Why Being in China Is Compulsory?

26

Jun 2012


Global Sourcing, Quality Control, Quality Management, Supplier Assessment
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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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How WFOE Starts Business in China

15

Feb 2012


Global Sourcing, Safety and Compliance
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How WFOE Starts Business in China

The Wholly Foreign Owned Enterprise (WFOE or WOFE) is a Limited liability company wholly owned by the foreign investor(s). In China, WFOEs were originally conceived for encouraged manufacturing activities that were either export orientated or introduced advanced technology. However, after China's entered the WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and...

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RMB Kick offs against Aussie Dollar

01

Dec 2011


Global Sourcing, Logistics, Opportunities
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RMB Kick offs against Aussie Dollar

The Chinese local currency renminbi (RMB) kicked off trading against the Australian dollar and the Canadian dollar in the country’s onshore market on Monday. The two new foreign currencies have become the latest additions to the seven other foreign currencies that are currently being traded directly against the RMB.   The RMB opened at 6.1266 against the Canadian dollar on the first day of trading, after the People’s Bank of China (PBOC) fixed the RMB/Canadian dollar’s mid-point...

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China’s New Biggest Export Destination

29

Aug 2011


Global Sourcing, Logistics
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China’s New Biggest Export Destination

China became South Africa's top export destination at the end of 2010 due to strengthened bilateral trade links, according to South African ambassador Bheki Langa.   Investment between the two countries surged to nearly seven billion US dollars at the end of last year, the ambassador told Xinhua in a recent interview. China Customs statistics show that trade between China and South Africa totaled $25.6 billion throughout 2010. Imports from South Africa reached $14.8 billion dur...

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China, 3rd Highest Labor Costs in Asia

01

Aug 2011


Logistics, Quality Control, Quality Management, Safety and Compliance
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China, 3rd Highest Labor Costs in Asia

An average worker in China costs more than the average worker in any other emerging Asian economy, save Malaysia and Thailand, when considered in terms of combined salary and welfare payments, China Briefing has found.   Conducting a review of minimum labor costs, determined by the legal minimum amount stipulated in 15 different countries, and added together with the pertinent mandatory welfare payments due, it is apparent that since the introduction of the revised labor law in 2008, ...

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