Posts tagged "luxury"

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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5 Ways China Can Rise Its Imports

China’s growing middle class will become a strong source of purchasing power by reaching up to 630 million over the next decade. The primary objective for the Chinese government is to meet the expected demand and become a more customer-driven economy. The Chinese government restricts imports of American goods and has high tariffs on goods Chinese consumers are willing to buy. By decreasing tariffs on the imported goods China could help itself to obtain its objectives. Next will be introduced s...

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Becoming a Global Supply Chain Expert

Depending on their positioning, companies can follow certain strategies to become a global supply chain integrator. For companies already globally sourcing or manufacturing for export out of China, the primary goal should be to gain additional scale benefits by capturing sales opportunities in the Chinese market itself. The key success factors in this case are differentiation, flexible business models, and third-party contract manufacturing.   A good example would be Wal-Mart, whose s...

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