article thumbnail

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! This underscores the importance of China being the world’s manufacturing hub in the past decade, and most likely for the next few decades. Introduction. Products are the lifeline of your business.

article thumbnail

Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Manufacturing sites have been rationalized in terms of, “we don’t need five factories in this country, we only need three, then two, then we don’t need them at all, we’ll move them to China”. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Age of Agility: Building Resilience in the Supply Chain

The Logistics & Supply Chain Management Society

Major businesses have had to completely re-consider previous supply chain strategies that were largely centred around lean manufacturing, just-in-time delivery and reducing operating costs. Manufacturing Network Diversification. Multi-Sourcing. Resilience in a state of disruption. Inventory and Capacity Buffers.

article thumbnail

Supply Chain Disruptions Are New Opportunities – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

Crisis Response – At the outset of the crisis, it’s easier to visualise a horizontal and linear supply chain with the 4 flows disrupted and adversely affecting the Core Supply Chain Functions, of Planning, Sourcing, Production, Distribution, last mile Deliveries and returns management or reverse logistics. Diversification.

article thumbnail

Why Global Trade Agreements must be part of your supply chain planning: Guest Post by Tim Barnes

NC State SCRC

There is an overlap of countries that are party to both the TPP and RCEP, however for those nations, such as Japan, Vietnam, Malaysia, Australia, New Zealand, Singapore and Brunei, most have gone on the record saying that they see the US led TPP as the most critical and inclusive, and will put the RCEP on hold pending the decision on TPP.

article thumbnail

A Chat with Katie Kinraid

The Logistics & Supply Chain Management Society

Reducing reliance on different modes of transport or a single source location, while diversifying collaborative relationships within the market is key defensive strategy. In Asia in particular, we see the market looking to multiple low-cost locations such as Vietnam or Thailand, away from reliance on China.

article thumbnail

The Key Coffee Industry Trends For 2021 & Beyond

Unleashed

The New Zealand coffee market. New Zealand, like Australia, is another nation of coffee drinkers – indeed, average coffee consumption per capita in NZ is higher than both Australia and the UK. Sources used in our figures above: IBIS World, Statista, Mordor Intelligence. Source: Statista.

Trends 76