Posted by Joe Simon on | Comments Off on ASIA MANUFACTURING COST DRIVERS REPORT Q3
The commodity price trends in the third quarter in Asia are mostly up. Many grades of Plastics, Rubber, Steel, Alum, Wood and Paper raw materials rose in price while some grades of Metals, Textiles and Ceramics went down in price. Petroleum and fuel prices were up in this quarter and labor rates were steady in the lower wage countries. The US Dollar rose moderately against most of the Asian currencies in Q3. China imports and exports saw up in the quarter. The China PPI was down slightly while the China CPI was up slightly. The PMI USA and Hong Kong indexes saw a slightly improvement in Q3 while PMI China saw a little marginally down. Below is a chart of the cost driver trends in 2018-Q3 and for all the details, please see the entire report.
ASIA MANUFACTURING COST DRIVERS REPORT DETAILS
PLASTICS & RUBBER
– All General Purpose plastic resin prices were up in the third quarter, PP(K8303) and Food Grade are up significantly (on average about 8.9%) and the others only up in price marginally. Year over year, PVC and PE prices are down 7.2% and 4.3% respectively. But most plastic prices remain up in price versus one year ago. PP (K8303) is up the most (close to 22%), followed by PP up 13.7% and PS up 9.6% while PET price is unchanged.
– Engineering plastic prices were more mixed with Nylon and Nylon (PA6) and POM prices up by 6.6%, 5.4% and 4.1% respectively, while ABS and PU Foam prices were down slightly. Year over year, ABS up in price the most at 21.4% followed by Nylon up over 11% and the others only up in prices marginally, while ABS and PU Foam were down marginally in price versus one year ago.
– Most of the Rubber prices were up in Q3, BR saw a huge up in price, up over 22% and Latex, SCR5 and CR prices were all up over 5%. NBR is the only one which down marginally in price. EPDM price is unchanged. Year over year, CR and EPDM prices up sharply which are over 19% and BR and NBR up slightly, while Latex and SCR5 down marginally versus one year ago.
METALS
– For the third quarter of 2018, most of the prices for Carbon Steel were up, with Steel Wire is up most which was over 12% followed Pig Iron was up 8.5%, others were up marginally. Only Hot Roll Steel Sheet in price was down a little. Year over year, the trend is all up with Cold Roll Steel Tube and Pig Iron up over14% and others up slightly.
– In the Stainless Steel part, 201, 410 and 304 prices were up on average about 3% while 420 and 430 grade down a little in the third quarter. Year over year, the trend is down with most grades of stainless steel down in price on average about 9%. Except for 304 price is up 3.7%.
– All aluminum grades rose faintly in price in the third quarter. Year over year, all prices were down in price, with 6061 is down the most which is over by 27% followed 3003 and A00 down 13.6% and 11.1% respectively, and 1060 price is down marginally.
– In Other Industrial Metals, all grades trend was down in Q3. Nickel’s price was down by 11%, followed Zinc down 7.2% in price and the rest of metals were down a little. Year over year, most of metals prices are up, with Nickel is up most (close to 14%) and Copper and Brass Rod are both up 2.6% while Zinc price is down 12.8% versus one year ago.
WOOD, PAPER & TEXTILES
– Wood prices inched slightly higher in Q3 except Pine and MDF is steady in price. Year over year, MDF’s price increase over 13% and the others only up marginally.
– Meanwhile most grades prices of Paper Materials were no change except for Corrugated Board price down 4.1% in the third quarter. Year over year, most of the paper prices are decreasing, with Corrugated Board down over 16% and others prices down a little. Only Art Paper is steady.
– Textile fabric prices saw little change in the third quarter with Raw Cotton down slightly and the rest were unchanged. Year over year, the grade in prices are mixed, with Raw Cotton and Polyester Fabric up in price t at 2.4% and 0.3% respectively while the 100% Polyester Fabric and 100% Cotton Fabric are down marginally.
CERAMIC AND GLASS RAW MATERIALS
-In Ceramic Raw Materials, only Alumina price was up over 23%, while in Feldspar, Soda Ash and Kaolin were down in price on average 4.6% and rest were down marginally. Year over year, Feldspar, Kaolin and Quartz are all up marginally while rest were down, with Soda Ash is down in price the most by 16%, followed by Alumina down 5.9%, Glass Grade Sand and Glaze were down slightly versus one year ago.
FUEL
Fuel prices in China were generally going up with LPG and Diesel Oil were significant in the range of 25% ~32% in the third quarter, and year over year, except for Petroleum is unchanged, the rest fuels are up significantly in price between 21%~29% one year ago.
OCEAN FREIGHT
The World Container Index was up 13.7% in the third quarter. Year over year, the World Container Index was sharply up 31% versus one year ago.
COST OF LABOR
Asian labor rates saw no change in the third quarter. Year over year, rates are up in most countries with Indonesia up the most (over 7%) followed by Thailand (up 6.6%), Vietnam (up 6.1%), China (up 5.2%) while India labor rate down 13.5%. Bangladesh was unchanged.
CURRENCY EXCHANGE RATE
For the third quarter, the USD is obviously strengthened slightly against the Thailand Baht, Chinese Yuan, Taiwan New Dollars, India Rupees, Indonesian Rupiah, Vietnam Dong and Bangladesh Taka. Year over year, the biggest gains for the USD are against the Indonesian Rupiah and India Rupees China RMB, Thailand Baht, Vietnam Dong and Indonesia Rupiah while its slightly weaker against the China RMB and Thai Baht.
CHINA TRADE (Data lags by one month)
– China Imports and Exports were both up by 11.36% & 4.61% respectively in the latest third months. Similarly, year over year, China Imports and Exports are up obviously by almost 15%.
– The China Producer Price Index (PPI) gone down 1.1% in the third quarter while the China Consumer Price Index (CPI) rose slightly. Year over year, the China PPI is down 3% while the China CPI is up slightly versus one year ago.
PURCHASING MANAGERS INDEX (PMI)
USA and Hong Kong PMI were both up slightly. Only China PMI was down 0.7% in the third quarter. Year over year, China PMI and Hong Kong PMI is down slightly while USA PMI is up slightly versus one year ago.
Thank you for taking the time to follow trends in Asia manufacturing. Source International has operational offices in Louisville, Kentucky & Xiamen, China. Our passion is to partner with companies in supply management from Asia. We have a 25 year on-the-ground track record, a rigorous operating procedure, and a very well trained local staff. We welcome the opportunity to show you how we can add value to your supply chain in Asia and invite you to visit our offices and website to learn more about us.
For additional details, please refer to the charts that follow or contact one of our Operations Specialists for more information. Thank you for your support.
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Data for this report comes from the sources listed and while every attempt is made to be as comprehensive and accurate as possible, please consider that these are just general trends and you should not draw any specific conclusions from the data. We recommend that any information provided in this report be weighed against other sources and experts on the individual topics covered and\, accordingly, we make no specific claims nor assume any liability from the use of the data contained herein.
Posted by Joe Simon on | Comments Off on EXPERIENCE THE FUTURE OF MANUFACTURING AND PRODUCT DEVELOPMENT
FABTECH 2018 – Manufacturing and Product Development Expo
Experience the future of manufacturing and product development. Join us at FABTECH from November 6-8 at the Georgia World Congress Center in Atlanta where the metal forming, fabricating, welding and finishing community come together to see what’s new and what’s next. Source International will be giving a presentation on Smart Manufacturing Product Development Process: Get to Market Faster on Thursday, November 8, 2018 from 10:30 AM – 12:30 PM.
FABTECH is where connections are made and where deals get done. See cutting-edge exhibits, learn from expert-led education, network with peers and more,.Over 1,500 leading manufacturers all in one place with solutions aimed at increasing productivity and profitability. Bring your team to experience three action-packed days of hands–on demos, new product launches, education, and networking. Whatever you need to advance and move forward in manufacturing, you’ll find it at FABTECH. With targeted technical, operational, economic and managerial sessions, you’ll discover the solutions you need to improve productivity and increase profits. Network with peers, learn from top industry experts, exchange best practices and explore the latest technology and advancements in the industry.
Contact us for more information and set up a meeting with us in Atlanta to learn how Source International’s supply programs can add value to your new product development efforts.
So register today using this 30% discount code and we look forward to seeing you at FABTECH 2018!
Posted by Joe Simon on | Comments Off on Three Tips For Ensuring Quality At Outsourced Suppliers
APICS 2018 – Three Tips For Ensuring Quality At Outsourced Suppliers
Thanks to everyone who attended “Three Tips For Ensuring Quality At Outsourced Suppliers” at the 2018 APICS conference in Chicago October 2nd. The topic drew a great crowd with lots of good input and questions from the attendees.
EXCERPT: Manufacturing your company’s products at outsourced suppliers, whether onshore or offshore, isn’t just about lowering costs. Managing the quality of output among your outsourced suppliers is critical and can greatly impact your bottom line, your operational efficiencies, and your organization’s credibility. This session presents an aggressive, comprehensive three-step program to accurately assess the level of quality risk at an outsourced supplier; create effective, quality documentation that will ensure expectations are met on both sides; and to set up metrics that will measure supplier performance and provide a benchmarking system to gauge future improvement. By employing these three steps in a comprehensive and integrated program, your organization can effectively ensure the quality among your network of outsourced suppliers.
A copy of the presentation is available for download HERE. Please feel free to share it. A lot is happening at APICSas they transition into life as ASCM. FYI, the 2019 conference is scheduled to be in Las Vegas….hope to see you there!
And, please contact us for more information and to set up a meeting with us to learn how Source International’s supply programs can add value to your outsourcing efforts.
Also, please note that we’ll be presenting again at FABTECH in Atlanta on Thursday, November 8, 2018 from 10:30 AM – 12:30 PM on Smart Manufacturing: Product Development Process: Get to Market Faster. Hope to see you in Atlanta! Register today using this 30% discount code and we look forward to seeing you at FABTECH 2018!
Posted by Joe Simon on | Comments Off on THIRD ROUND OF CHINA TARIFFS
CHINA TARIFFS UPDATE
July 10, 2018 -Trade Representative Robert Lighthizer has released a third list of thousands of additional goods that could face 10% china tariffs after a public comment period. It includes fruit and vegetables, handbags, refrigerators, rain jackets and baseball gloves. The move comes after the United States imposed the first round of 25% China tariffs worth $34 billion which kicked in July 6th. Beijing immediately responded with its own tariffs on US goods worth $34 billion. President Donald Trump in May directed Lighthizer to identify $200 billion in China product tariffs if China retaliated against US penalties that are meant to punish the country for intellectual property theft. The United States is already working on a second wave of China tariffs worth $16 billion. The third round of tariffs would go into effect sometime after August 30.
List 1 – Includes 818 tariff lines and is Valued at $34 billion worth of imports from China. Products falling under these tariff lines incur an additional duty of 25% beginning July 6.
List 2 – Includes 284 lines cover approximately $16 billion worth of imports from China. This list will undergo further review in a public notice and comment process, including a public hearing. After completion of this process, USTR will issue a final determination on the products from this list that would be subject to the additional duties of 25%.
List 3 – Includes 195 pages and thousands of lines amounting to approximately $200 billion in imports from China and covers some consumer products which had yet to be hit.
Feel free to download the lists from the three links above and contact Source International for more information.
AmChamChina has set up a US-China Trade Dispute Portal, which will be updated regularly and serve as a central source for all the China tariff resources, documentation, and analysis related to US-China trade relations. https://www.amchamchina.org/news/trade-dispute-portal
Posted by Joe Simon on | Comments Off on SECOND ROUND OF CHINA PRODUCT TARIFFS
SECTION 301 & 232 TARIFFS UPDATE
March 8, 2018 – Presidential Proclamations 9704 and 9705 on Adjusting Imports of Steel and Aluminum into the United States providing for additional 25% and 10% duties for steel mill and aluminum articles, effective March 23, 2018.
June 15, 2018 – Office of the United States Trade Representative (USTR) issued press release announcing its intent to impose additional tariffs on products imported from China. The additional tariffs are part of the U.S. response to China’s unfair trade practices related to “the forced transfer of American technology and intellectual property”.
•List 1 – Includes 818 tariff lines and is Valued at $34 billion worth of imports from China. Products falling under these tariff lines incur an additional duty of 25% beginning July 6.
•List 2 – Consists of 284 new tariff lines identified by the interagency Section 301 Committee as “benefiting from Chinese industrial policies, including the “Made in China 2025″ industrial policy”. These 284 lines cover approximately $16 billion worth of imports from China. This list will undergo further review in a public notice and comment process, including a public hearing. After completion of this process, USTR will issue a final determination on the products from this list that would be subject to the additional duties of 25%.
Feel free to download the lists from the two links above and contact Source International for more information.
And read more about the tariffs and their impacts on US businesses in this recent Industry Week article.
AmChamChina has set up a US-China Trade Dispute Portal, which will be updated regularly and serve as a central source for all the resources, documentation, and analysis related to US-China trade relations. https://www.amchamchina.org/news/trade-dispute-portal
Posted by Joe Simon on | Comments Off on WVU GLOBAL SUPPLY CHAIN MANAGEMENT ADVISORY COUNCIL TO MEET
The WVU Global Supply Chain Management Advisory Council, chaired by Jim Lynch, is planning a spring meeting on March 22 and 23, 2018 as part of the Joint WVU Business and Economics Spring Visiting Committee/Advisory Council Meetings to be held at the Erickson Alumni Center on the West Virginia University campus in Morgantown, West Virginia. The Council and advises and interacts with students in the WVU Global Supply Chain Management Program and has been instrumental in the development of the program led by Professors Ednilson Bernardes, Associate Professor John Saldanha and visiting Professor Yuan Ye, under the direction of Javier Reyes, the Milan Puskar Dean of the WVU College of Business and Economics.
Global Supply Chain Management was introduced as an academic area of emphasis in 2014 and as an official academic major in 2016. The program was created by WVU in response to the global mindset that products can be made available quickly to those who want them, and provides students with the strategic big picture of supply chain processes, such as fulfilling customer demand and tactical level activities of planning and executing purchasing, manufacturing and shipping. Students develop the knowledge and skills to lead supply chain improvement projects, function in supply chain teams, and perform or lead supply chain activities with excellence.
The program was uniquely designed to help students understand core elements of the complex supply chain system, such as inbound logistics, operations and outbound logistics, and to understand how these elements interact to create value. Students are immersed in the entire supply chain, from managing purchasing of raw materials to the production of finished goods to the logistics of meeting customer demand. The program uniquely teaches students to not only identify opportunities for improvement of their companies, but also to bolster entrepreneurship through creation of new companies. Links to some related articles follow:
For more information on the GSCM program please contact the WVU College of Business & Economics at (304) 293-4959 or check online WVU Global Supply Chain Management Program.
Photo of the supply chain team that won its division in Utah. Pictured, from left, are Rena Kobelak, case competition team member; Ednilson Bernardes, Global Supply Chain Management professor and team adviser; and Amy Toscano, case competition team member. Not pictured is Ryan Jadra, case competition team member.
Please join Source International Managing Partner & COO, Mr. Jim Ullum at the ASD Source Direct Show for Sourcing Seminars that will take place from March 11-14 2018 at the Las Vegas Convention Center. The Source Direct Seminars are all FREE to attendees and are filled with interesting and informative sessions each day. A sampling of the sessions that Mr. Ullum will present are
SOURCE DIRECT SEMINARS
Mr. Ullum will be available before and after the seminars to answer your questions, troubleshoot any supply chain issues that you may be having, and to explain how Source International’s strong China based team can add value to your Asia supply chain.
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Are You Ready for SourceDirect at ASD? SourceDirect is the destination for all things sourcing.Visit with more than 300 international suppliers, all under one roof.
Source Direct at ASD Market Week is the # 1 place where importers, distributors, wholesalers, sourcing professionals and volume buyers can source products directly from factories around the world. Located within the ASD Market Week show, there is no better place to source an array of product mixes; from gift and home accents, to fashion accessories and the latest electronic accessories plus gain valuable knowledge all in one place!
We look forward to seeing you in fabulous Las Vegas!
Mr. Jim Ullum, MBA & C.P.M – Source International – Tel: 502-589-7900 – Email: jimu@sourceint.com – WeChat: jimu
Posted by Joe Simon on | Comments Off on THE FORTUNE GLOBAL FORUM HELD IN GUANGZHOU
World business and government leaders gathered the first week of December in Guangdong Province’s capital, Guangzhou for the Fortune Global Forum. Alibaba’s Jack Ma, Apple’s Tim Cook, Tencent’s Pony Ma, Foxconn’s Terry Gou, Ford Motor Company’s Bill Ford, HSBC’s Stuart Gulliver, YTL Malaysia’s Tan Sri Francis Yeoh, AB InBev’s Carlos Brito were among the corporate leaders attending and ruling shoulders with government leaders from China and Canada including Politburo Standing Committee member Wang Yang and Prime Minister Justin Trudea. Participants in previous Global Forums have included His Holiness Pope Francis, former PRC Presidents Jiang Zemin and Hu Jintao, Vice Premiers Wang Qishan and Zhang Gaoli; former U.S. Presidents Bill Clinton and George H.W. Bush; and company chairmen Jamie Dimon of J.P. Morgan Chase, Ginni Rometty of IBM, Victor Fung of Li & Fung Ltd., Robert Iger of The Walt Disney Company, Chanda Kochhar of ICICI Bank, Yang Yuanqing of Lenovo, Ma Yun of Alibaba, Frederick W. Smith of FedEx, Zhang Ruimin of Haier and Robin Li of Baidu. Some interesting comments, predictions and news from this year’s forum are contained in the full story from Week In China below.
Posted by Joe Simon on | Comments Off on MEET US AT THE ASD SHOW IN LAS VEGAS!
Source Direct At ASD
Please join Source International Managing Partner & COO, Mr. Jim Ullum at the ASD Source Direct Show for Sourcing Seminars that will take place from March 19-22 2017 at the Las Vegas Convention Center. The Source Direct Seminars are all FREE to attendees and are filled with interesting and informative sessions each day. A sampling of the sessions that Mr. Ullum will present are listed below:
Monday, March 20, 9:30 AM – 10:30 AM – Source Direct Show
Sourcing 101: The Advantage, the Process, and the Art of Negotiation – PANEL DISCUSSION
This session will cover the fundamentals of sourcing your products from overseas. The panel will share their varied expertise covering the process of finding new suppliers, supply chain strategies, the art of negotiation, and legal issues for newcomers to the industry.
Monday, March 20, 2017: 2:00 PM – 2:30 PM – Source Direct Show
Q&A: Ask the Experts – You Have a Question. They Have an Answer! – PANEL DISCUSSION
This interactive Q&A allows attendees to ask the panelists questions pertaining to sourcing and importing. Experts will address questions from the audience as well as answer questions that arose in previous seminar discussions leading up to this Q&A. We encourage an interactive dialogue where no sourcing topics are off limits. Walk away from this session with the sourcing knowledge and confidence you need to further your business.
Tuesday, March 21, 9:30 AM – 10:30 AM – Source Direct Show
Sourcing 101: The Advantage, the Process, and the Art of Negotiation – PANEL DISCUSSION
This session will cover the fundamentals of sourcing your products from overseas. The panel will share their varied expertise covering the process of finding new suppliers, supply chain strategies, the art of negotiation, and legal issues for newcomers to the industry.
Tuesday, March 21, 2017: 2:00 PM – 3:00 PM – Source Direct Show
Five Best Practices for Buying in China
In order to be successful buying in China there are some key practices that are critical to drive good purchasing decisions. With a highly developed infrastructure and the most diverse availability of raw materials in Asia, China is likely to remain a primary manufacturing center for all types of products for years to come. This session will explore five of the best practices for buying in China from a seasoned supply manager with more than twenty years of on-the-ground buying experience in Asia. From how to find and qualify suppliers to defining specifications and total cost considerations to how to control quality, you’ll gain valuable insights into buying in the “world’s factory”. A new section addressing the “Trump Effect” and a glimpse at other low cost countries to consider has been added also.
Are You Ready for SourceDirect at ASD? Visit with more than 300 international suppliers, all under one roof.
Source Direct at ASD Market Week is the # 1 place where importers, distributors, wholesalers, sourcing professionals and volume buyers can source products directly from factories around the world. Located within the ASD Market Week show, there is no better place to source an array of product mixes; from gift and home accents, to fashion accessories and the latest electronic accessories, SourceDirect is the destination for all things sourcing.
We look forward to seeing you in fabulous Las Vegas!
For more detailed information on all the seminar sessions and other show events and to register for the show and any of the sessions, please visit this link:
Mr. Jim Ullum, MBA & C.P.M – Source International – Tel: 502-589-79800 – Email: jimu@sourceint.com – WeChat: jimu
Posted by Joe Simon on | Comments Off on WVU SUPPLY CHAIN MANAGEMENT ADVISORY COUNCIL TO MEET APRIL 2017
WVU Supply Chain Management Advisory Council
The WVU Supply Chain Management Advisory Council, chaired by Jim Lynch, is planning a spring meeting on April 27, 2017 as part of the Joint B&E Council Meeting to be held at the Erickson Alumni Center on the West Virginia University campus in Morgantown, West Virginia. The Council and advises and interacts with students in the recently established WVU Global Supply Chain Management Program and has been instrumental in the development of the program led by Professors Ednilson Bernardes and John Saldanha under the direction of Javier Reyes, the Milan Puskar Dean of the WVU College of Business and Economics.
The WVU Global Supply Chain Management program welcomed over 60 new students in the Fall 2016 class and the interest among students on campus at WVU and across the world is growing. The Fall 2016 group represents the last incoming class of students pursuing the area of emphasis and the first incoming class of students pursuing the major. In addition to numerous interactions with Supply Chain Management Council members, the students in the WVU Global Supply Chain Management program have also interacted this fall with peers at the University of Pittsburg, GM/Wayne State, and Michigan State University and had the opportunity to visit the GM DHAM plant.
For more information on the GSCM program please contact the WVU College of Business & Economics at (304) 293-4959 or check online WVU Global Supply Chain Management Program.
Posted by Joe Simon on | Comments Off on SourceDirect ASD – Sourcing Seminars
SourceDirect ASD – Sourcing Seminars
SourceDirect ASD – Sourcing Seminars to take place from July 31 – August 3 2016 at the Las Vegas Convention Center – North Hall
Please come join Source International Managing Partner & COO, Mr. Jim Ullum, at the SourceDirect Show at ASD from July 31 to August 3, 2016 at the Las Vegas Convention Center – North Hall in fabulous Las Vegas, Nevada. Mr. Ullum will be presenting on effective negotiation when sourcing, best sourcing practices in China, and sourcing in low-cost countries throughout Asia.
Mr. Ullum’s seminar schedule is as follows:
Mon, Aug 1, 2016 – 9:30 AM to 10:30 AM
Sourcing 101: The Advantage, the Process, and the Art of Negotiation – PANEL DISCUSSION
Speaker: Jim Ullum, Managing Partner & COO, Source International
Speaker: Oliver Baran, Managing Director,
Speaker: Jose Calero, President & Founder, LapWorks Inc.
Moderator: Ann Sieg, Founder, E-Commerce Business School
Speaker: Gary Young, Founder, President and CEO, Avela Corporation
Track: Sourcing
Location: SourceDirect Floor, North hall
Mon, Aug 1, 2016 – 11:00 AM to 12:00 PM
Five Best Practices For Buying in China
Speaker: Jim Ullum, Managing Partner & COO, Source International
Track: Sourcing
Location: SourceDirect Floor, North hall
Tue, Aug 2, 2016 – 9:30 AM to 10:30 AM
Sourcing 101: The Advantage, the Process, and the Art of Negotiation – PANEL DISCUSSION
Speaker: Jim Ullum, Managing Partner & COO, Source International
Speaker: Oliver Baran, Managing Director, Source2B
Moderator: Ann Sieg, Founder, E-Commerce Business School
Speaker: Gary Young, Founder, President and CEO, Avela Corporation
Track: Sourcing
Location: SourceDirect Floor, North hall
Tue, Aug 2, 2016 – 12:30 PM to 1:30 PM
Sourcing 201: The Elements of Sourcing-Contracts, Logistics, and Quality Control (QC) – PANEL DISCUSSION
Speaker: Jim Ullum, Managing Partner & COO, Source International
Speaker: Greg Buhyoff, Attorney at Law, Law Office of Gregory F. Buhyoff
Speaker: Kelly Raia, Managing Director, Dragonfly Global, LLC
Moderator: Ann Sieg, Founder, E-Commerce Business School
Speaker: Robert Sieg, Director, Sino Sales & Support LTD
Track: Sourcing
Location: SourceDirect Floor, North hall
Tue, Aug 2, 2016 – 2:00 PM to 3:00 PM
Low Cost Sourcing Beyond China: Where to Go Next?
Speaker: Jim Ullum, Managing Partner & COO, Source International
Track: Sourcing
Location: SourceDirect Floor, North hall
Source International – MP & COO – Mr. Jim Ullum
For more detailed information on the events and/or to register for this opportunity to hone your sourcing prowess, please visit this link:
Posted by Joe Simon on | Comments Off on Five Best Practices For Buying In China
To be successful buying in China there are some key practices that are critical to drive good purchasing decisions. With a highly developed infrastructure and the most diverse availability of raw materials in Asia, China is likely to remain a primary manufacturing center for all types of products for years to come. Five Best Practices For Buying In China explores five of the best practices for buying in China (plus a few bonus best practices!) from a seasoned supply manager with more than twenty years of on-the-ground buying experience in Asia. From how to find and qualify suppliers to defining specifications and total cost considerations to how to control quality, you’ll gain valuable insights into buying in the “world’s factory”. Sign up & download this valuable resource to jump start your procurement activities in China.
PROFILE OF SOURCE INTERNATIONAL
Source International is one of the largest supply management companies in North America providing global manufacturing outsourcing with ofices in Louisville Kentucky and Xiamen, Fujian Province, China and operations in mainland China, Thailand, Bangladesh and Taiwan.
We apply American management expertise to foreign manufacturing, giving companies all the benefits of substantial cost savings and supply, coupled with systems and methodology that assure your specifications and standards will be matched or exceeded. When you partner with Source International, we strive to make sure that there are no misunderstandings about manufacturing standards or concerns about raw material availability or quality. And, no substandard workmanship or delivery logistics black holes. We are your eyes and ears and boots on the ground in Asia to guide you through what is, for us, familiar territory.
Since 1989, Source has been responsible for over $4 Billion in shipments from Asia and has achieved industry-leading metrics for on-time shipments with extremely low defect rates. Our track record speaks for itself and is a testament to the value Source adds to the supply chains of its customers. While our size and volumes have steadily grown over the years we remain totally dedicated to exceeding the expectations of our customers.
Source also has developed and maintains a proprietary cloud based platform, Source Information System (SIS), that helps customers eliminate the gaps in the product concept to delivery process and provides real time, end-to-end visibility on the status of all supply chain activities through a private secure portal. From the web site at a click of the button, our customers have at their disposal information on all engineering data, product quotations, new product development, product samples, specific purchase order production status, product inspection reports and shipping data for all products.
So, harness the competitive power of global manufacturing through Source International and give your company the competitive edge. We welcome the opportunity to show you how we can add value to your supply chain just like we’ve done for our other satisfied customers throughout the years. Contact us today!
CLICK THIS LINK to download the Five Best Practices For Buying In China.
Posted by Joe Simon on | Comments Off on COME SEE SOURCE INTERNATIONAL – ASD SOURCE DIRECT SHOW IN LAS VEGAS!
Source International will present three educational sessions at the ASD Source Direct Show February 28 and March 1. Come join the fun! The sessions include:
SourceDirect is the best wholesale showcase of companies producing Fashion Accessories, Housewares, Gifts & Toys, Apparel, Affordable Footwear, Holiday and Seasonal merchandise, Souvenirs & Novelties, Consumer Electronics, Bedding & Bath, Health & Beauty products and General Merchandise of all types. Check out our entire product offering and register to attend today!
WHAT IS ASD MARKET WEEK?
ASD Market Week is the most comprehensive B2B trade show that brings the world’s widest variety of retail merchandise together in one efficient shopping experience. The ASD Market Week show floor is filled with quality choices at every wholesale price point buyers could want to find. ASD Market Week is in Las Vegas, February 28-March 2 and is truly the wholesale buying event that can’t be missed for any small to large sized retail, distribution, or importing business.
ASD Market Week is also home to SourceDirect Trade Show, a component of the show that allows importers, distributors, wholesalers and large retailers to buy wholesale goods directly from overseas. SourceDirect is the destination for buyers looking to source new product categories and find new ways to directly profit from manufacturers coming from more than 14 different countries.
WHY ATTEND ?
45,000 buyers from 88 countries visit ASD Market Week each year. From department stores to convenience stores, general stores to gift shops, from grocery store distributors to fashion boutiques, this is the trade show where any buyer can find unique merchandise that will set their store merchandise apart. What’s more, buyers will be able to make the merchandise they buy at ASD go farther because of the impressive margins obtained only from the thousands of ASD vendors and exhibitors found only on our show floor. Register To Attend Today!
Posted by Joe Simon on | Comments Off on Source International To Host ASD Source Direct Show Seminars
Source International will host 3 educational sessions at the ASD Source Direct Show in Las Vegas, February 28-March 2.
SourceDirect at ASD is the premier wholesale trade show for sourcing professionals around the world and a top destination for Importers, Distributors, Wholesale Manufacturers, and Product Development companies globally. Buyers come the ASD Source Direct Show to source the products they need from suppliers around the world.
SourceDirect is the best wholesale showcase of companies producing Fashion Accessories, Housewares, Gifts & Toys, Apparel, Affordable Footwear, Holiday and Seasonal merchandise, Souvenirs & Novelties, Consumer Electronics, Bedding & Bath, Health & Beauty products and General Merchandise of all types. Check out our entire product offering and register to attend today!
