Reasons Why China Sourcing will Remain Forever.
By http://www.dragonsourcing.com
Why China Sourcing ?
China has emerged not only as the most powerful economy of Asia but among the more powerful world economies .
China sourcing has emerged as a global phenomenon among producers of goods and services It is a major attraction for marketers and manufacturers of goods and services across the globe.
Reasons Why China Sourcing will Remain Forever
Fuel costs make up a significant part of the cost. Suppliers are a way in to China . China does it better.
Fuel costs make up a significant part of the cost
Shipping costs weigh heavily on global sourcing. It is because fuel gets very much expensive. This will not stop US companies to stop sourcing from China.
Suppliers are a way in to China
ď ą Procurement has an important role to play in entering a key market . ď ą Procurement has to play in opening up the Chinese market for the selling organization . ď ą Businesses see the value in staying close to their Chinese supply bases, in terms of intelligence, regulations and developing strategic relationships.
China does it better
Chinese companies still do the ’workshop of the world very well.
The exchange rate and low cost of production are the main attraction of Chinese companies.
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