Posts tagged "risk"

FIGHTING AGAINST COUNTERFEIT IN CHINA

It's a normal thing, seeing people holding fake Prada or LV or other brands in China. It's a normal thing too to see people selling Gucci or Prada at the flee market in China. Getting further, in Shanghai or Shenzhen, the fake markets are one of the tourist attractions, where the sellers can speak English! From my friend's experience, they set a very high price, well, sometimes it depends on the quality. There are terms like Super Quality (very similar like the original one, and it's not cheap),...

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Scam Alert

Hello sourcing guys!   Scam Attempt Detected   Last week, we again confronted a scam from a Chinese supplier. This scam attempt is not the first or definitely not the last one that we face. This is why I would like to inform and remind you that scams and scam attempts are going on all the time in China and greater Asia, so you need to be very careful before buying from a Chinese manufacturer.   We have previously written about scams and how to avoid them. Here is the po...

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3 Best CSIC Resources in March

  Founded in 2010, the China Sourcing Information Center (CSIC) is a not-for-profit organization that exists to educate, develop and advance the China sourcing profession. All CSIC content is made available to the public free of charge thanks to donations from individuals and corporations.   Last month China Sourcing Information Center had again some really good viewpoints of buying and selling in China. Here are the 3 Main Issues discussed:   1. Buying and selling in China ...

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ALERT! Chinese New Year here again

The Chinese New Year (CNY) is like Christmas, New Years Eve and your own birthday all merged into one major holiday. It’s the time of the year when the factories shut their doors and the workers go back to their hometowns to spend some quality time with their friends and relatives. They eat, drink and wish each other luck for the year ahead. Sounds great! However, for importers the Chinese New Year is not a reason to celebrate. It’s the cause of major delays, frustration and missed deadlines...

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The Chinese Freight Forwarders Scam

In the last few years we've witnessed a sharp rise in the frauds made by scammers in the freight forwarding industry in China. These frauds are done by small international freight forwarding companies in China with the focus of sea freight shipments - EX China main Sea ports.   These companies often contact importers around the world through targeted E-mail marketing campaigns, Advertisments in B2B websites and other online platforms, and they offer really low rates for sea freight operat...

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Buyers, Beware of E-mail Scams!

E-Mail Scams Rising During the past month, we have again dealt with clients who have been victims of a new type of e-mail scam. Basically, what the scam is about is that someone hacks into the e-mail accounts that are belonged to suppliers in Asia. The hacker sends an e-mail, usually an invoice, through that account and tells that due to new company policies, they are changing bank accounts to a bank in another country, usually somewhere in Europe. In worst cases the client pays the money to ...

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What’s Happening in Sourcing?

    Hey you, interested about what is happening in Chinese factories and sourcing? I will share you 5 interesting articles that have been posted recently - ranging from what kind of new Chinese factories there are to how to prevent corruption of purchasers.       The New Chinese Factory Read the article here   This is NOT an article about the average Chinese manufacturer. It describes what one of the most sophisticated manufacturers does, and it ...

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The Chinese “Chabuduo” Attitude

When you are doing business with Chinese people, it is highly recommended to learn about the cultural differences in order to be successful and prevent mistakes and problems with Chinese suppliers. Sometimes Chinese words and expressions are a good guide towards some of these cultural differences. In particular, when a word or phrase is complex to translate, it often means there is a cultural difference involved.   A good example of these words is the expression Chà bu duō  (差不多...

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What and Why – Pre Production Inspection

What is PPI - Pre Production Inspection?   The “PPI” or "IPI" (Initial Product Inspection) is completed right before the beginning of the actual mass production. It is done after the identification or evaluation of your vendor. The objective of the inspection is to ensure that your vendor and factory has truly understood your order’s requirements and specifications and that they are well prepared for production. The inspection is completed onsite at the factory or vendor offic...

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Nine key trends of global logistics

Logistics complexity – in the form of fragmented channels, increased product variations, and consumer demand for customized solutions – has been increasing, according to a global study published recently by BVL International, a worldwide supply chain and logistics membership organization.   “Several trends identified in the study demonstrate that a number of major challenges lie ahead as the world becomes a more complex place in which to operate logistically,” said Dr. Robert ...

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