News – Source International

International Women's Day

SOURCE XIAMEN CELEBRATES INTERNATIONAL WOMENS DAY

Source International’s Xiamen Office honored all its dedicated women staff on International Women’s Day March 8th.  The day marks a special time to stop and say thanks to all the women on our life and all the love and beauty that they bring to the world every day.

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supply chain managment

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.

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Source International Annual Party, 2018

SOURCE CELEBRATES 10 YEARS WITH LIBBEY

Source International held its 19th annual banquet at the Westin Hotel in Xiamen, China to celebrate the Year of the Dog where Libbey honored Source for 10 years of service with its Distinguished Service Award. The banquet was attended by over 200 people including 30 “Source” children. Read all about the award and the fun at the banquet…

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upbeat on economy

UPBEAT ON ECONOMY – U.S. COMPANIES IN CHINA SHOW INCREASING CONFIDENCE

A recent AmCham China survey of over 400 of its members finds greater optimism about future of U.S.-China relations and its members generally upbeat on economy.  Confidence within the American business community toward China’s economy is strengthening, despite significant concerns about the regulatory environment and the possibility of Trump Administration action against Chinese trade and investment practices.  Some 36 percent of respondents believe relations between the two countries will improve this year, compared with 17 percent last year, possibly influenced by the perceived success of President Trump’s visit to China and that of President Xi Jinping’s earlier trip to the U.S. 

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Source Direct

SOURCE DIRECT AT THE ASD SHOW-SEE YOU THERE!

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. 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.  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!

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ASIA MANUFACTURING COST DRIVER REPORT-2017 Q4

In the fourth quarter of 2017, most raw materials in Asia continued their upward movement in price.  Many grades of plastics, rubber, steel, other metals, wood, paper and ceramic raw materials all went up in price while aluminum and stainless steel and many grades of textiles moved down in price. Petroleum and fuel prices are all up in Q4 but Labor Rates and Ocean Freight rates both remained steady. The US Dollar lost a little bit of ground against most of the Asian currencies in Q4 about 1-3%. China imports and exports both saw significant increases in the quarter and, in addition, the China PPI and CPI and PMI indexes all saw a little drop in the final quarter of 2017.  The general trends are represented on our handy chart and for all the details, please download the entire report.

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Source China

HAPPY HOLIDAYS FROM SOURCE CHINA

Santa made his annual stop at the Source Xiamen office this week to wish everyone a Merry Christmas and Happy Holiday Season. After confirming that there was no one on the “Naughty List”, Santa and his helpers distributed lots of goodies and gifts and stopped to pose with the team to take a photo before heading out in his sleigh to his next destination.  As Santa left the Source China office, the bright nose of Rudolph could be seen glowing in the Xiamen sky and all the boys and girls heard him say…”Merry Christmas to All”!

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MADE IN CHINA QUALITY IS CHANGING

For years, Made In China meant be weary of quality. And, while there are still many manufacturing plants that require close supervision and policing to make sure the quality is acceptable, China entered a new era with the maiden flight recently of the China’s large passenger jet C919.

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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

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ASIA MANUFACTURING COST DRIVER REPORT-Q3, 2017

A clear trend emerged in the third quarter with most cost drivers rising in price. Plastics, steel, alum, metal, paper, textiles and ceramic raw materials all rose in price while rubber went down in price and wood prices meanwhile remained mostly flat. Petroleum and fuel prices saw a huge rise in third quarter and labor rates remained unchanged in the lower wage counties. The US Dollar lost a little bit of ground against most of the Asian currencies in Q3 while ocean freight rates showed little change. China imports and exports both saw significant increase in Q3 and the China PPI & CPI were both up slightly. One very bullish sign is that all the PMI indexes saw steady improvement in Q3, remaining above 51 and signaling an expanding economy. Below is a chart of the general trends and for all the details, please see the entire report.

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