Dangers of Asia Sourcing in 2012
By http://www.dragonsourcing.com
Why Asia Sourcing ?
ď ą Sourcing Asia provides sourcing and buying service to buyers in retail,resturants,hotels and developers, interior designers and wholesalers. ď ą Most companies have begun Asia sourcing.
ď ą Companies opt for Asia sourcing so that they can optimize their business accordingly.
Dangers of Asia Sourcing in 2012
Supplier email hacking. Supplier steals client ‘s custom tooling. No recourse for late goods.
Supplier Email Hacking
More Asia sourcing professionals falling for the scam where the third party hacks the supplier email. They also convinces the buyer to send money to a private account. So be very careful dealing with individuals using free email address.
Supplier steals Client ‘s Custom tooling.
Many importers have proprietary designs and require their suppliers to use custom molds and tooling. Most clients are wise enough to have contract regarding the ownership of tool. During the visits to the supplier be sure to check on the tooling.
No recourse for late goods
Supplier misses delivery date and buyer has no recourse for compensation.
Make sure you have a PO/Contract under signature. The contract should stipulate pre-agreed penalties for delays.
Dragon Sourcing Johannesburg 140 High gate, Sunny Road, Lakefield, Benoni, 1500, Gauteng, South Africa Tel:+27 (83) 230-9342 Email: contact.south-africa@dragonsourcing.com