Global Sourcing

Container Loading Supervision (4 out 4)

In our previous articles in this series, we talked about the importance of an efficient sourcing of supplier, the need to carry out a factory audit to your suppliers to check whether they comply with the regulations of the tax and customs authorities in order to reduce any risk for your company and investment and on the importance of quality inspections that helps importers to identify any problems with their products, in addition to provide information and tools to decision makers to solve any ...

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Quality Inspections during Travel Restrictions ( 3 out of 4)

According to the International Organization for Standardization (ISO), quality control is part of quality management focused on fulfilling quality requirements. Quality Management coordinates activities to direct and control an organization with regard to quality. In our last article, we talked about the relevance of international sales contracts, and the way in which they establish the commitments acquired in any commercial transaction. We detailed some of the key elements that should be i...

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International Sales Contract

Jorge Millan & Ivan Hernandez An international sale contract is a binding agreement between the parties in which it establishes the commitments acquired in the transaction, that is, it is the formal beginning of the relationship between the supplier and the buyer, regardless of the country in which they are located. As we have mentioned in our previous articles, an efficient sourcing of supplier and analysis is the fundamental part of any international purchasing project. Likewise, we ...

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Factory Audits during Travel Restrictions (2 out of 4)

As we discussed in our previous article, the first stage of an international purchasing project is to have a supplier that manufactures your products at competitive prices, in the expected times and under the desired quality standards. That is why it becomes essential to perform an efficient sourcing of supplier considering the travel restrictions we are living in today. Once you have had communication with the potential supplier and have obtained information on prices, delivery times and min...

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COVID-19 IMPACT ON OCEAN FREIGHT PRICES

Plan  your container bookings on-time and be aware of sudden cost fluctuations. In August, the peak season for freight started just as the previous years, however, this year Is different due to the pandemic. Although we know that during these months, prices go higher and capacity reduces, the pandemic has been added to the equation that makes more difficult the transportation of goods around the world. According to the International Maritime Organization, maritime transport is essential to t...

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Sourcing of Suppliers during Travel Restrictions (1 out of 4)

Regardless the industry, scale or magnitude of your international purchase, the first stage of the project is to have a supplier that manufactures your products at competitive prices, with the delivery times that you expect under the desired quality standards. However, the main challenges and questions that international buyers face are: How do we find potential suppliers for my purchasing projects in China? How do we know that the identified supplier is a reliable source and does not represent ...

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WeChat in the Supply Chain

On August 6th, President Donald Trump issued an executive order that bans US individuals and companies from doing business with WeChat citing national security concerns. WeChat has also raised some concerns in other countries such as Australia and Canada and in June, WeChat was also banned in India. What is WeChat? WeChat is China´s most popular messaging app and according to Statista the number of active accounts has been increasing steadily. In the second quarter of 2020, WeChat had o...

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VR is becoming mainstream

This year has seen a boom in VR. From video games to movies and cameras, VR is becoming more common every day. As this technology keeps improving, more companies are starting to develop new hardware and software to ease the experience and create new functions. There are two main models: VR BOX: it consists on the structure  but it lacks a software. The user needs to put their phone inside the box and thanks to the glass inside they will be able to see the phone’s content in virtual ...

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Is China still a copying center?

China is synonym of copying. If you want any product, the Chinese can copy the exact same product and deliver it to you faster, cheaper and sometimes more customized than the original one. But is it still only synonym with copies and cheap products? As other Asian countries emerge as the new cheap place to produce, Chinese labor costs become more expensive in comparison. Vietnam, Malaysia and Myanmar are gaining in popularity when looking for low costs. China still has a lot to offer thos...

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The Canton Fair: the 2016 Fall Edition

CANTON FAIR FALL EDITION 2016 Every year hundreds of trade fairs are held in the world; one of the biggest ones being the Canton Fair, held twice a year in the Chinese southern city of Guangzhou. This is the perfect place to get a first touch with Chinese fairs; you can find almost every industry there and suppliers visit from every part of the country. Here in SBE, we know it is not always easy to go to these fairs; flight tickets, time consumption, hotels, food, etc. But we also kno...

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