No profitable company gets ahead by keeping lackluster or confusing accounting records — after all, thorough financial tracking guarantees you’re investing your resources well and protects you from audits. Likewise, smart manufacturing companies know that tracing and...
Tiny errors in manufacturing may seem, well, tiny. But from humble seeds, big issues can sprout. The longer quality issues go unchecked, the larger and more costly they grow. Eventually, something that seemed like no big deal can become a huge drain on your time and...
As China's labor costs rise and supply chains tighten, many importers have shifted toward a China plus one approach in recent years. And a relatively new player in the Asian economy, Sri Lanka, is quickly rising as a key possibility for sourcing. The country offers...
In recent years, many companies have adopted a 'China Plus One' strategy for managing their global supply chains. In other words, rather than relying solely on a Chinese manufacturer to make their products, they establish additional supplier relationships in another...
When the Chinese New Year (CNY) holiday comes around each year, it throws many newer importers for a loop. These importers often don’t realize how much impact this holiday will have on their production timelines, product quality, and shipping schedules. As many...
Today’s supply chains are complex, and manufacturers rely on them to get the raw materials and parts they need to make their products. A car might have over 30,000 individual parts, and while an automaker will manufacture some of those parts in-house, they’ll likely...
When importing consumer products, it is vital to understand the different supply chain risks that might affect your business and take appropriate steps to mitigate them. These risks can manifest themselves in many forms, from political unrest to container shortages to...
There is nothing like a global pandemic to make you rethink your supply chain strategy. Long before COVID-19 wreaked havoc on global markets, companies worldwide sought to mitigate supply chain risks. There was already a trend of limiting dependence on China through a...
Many importers have adopted a “China +1” approach in recent years. Over the last decade, labor costs in China have steadily risen, and the country’s government — as evidenced by their Made in China 2025 plan — is moving away from low-cost, labor-intensive goods and...
The trade war and pandemic have made importers think long and hard about where they should produce their products. Many consumer product brands that previously relied exclusively on China have come to adopt a China +1 approach. To mitigate supply chain risks, they...
