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TEN MILES BLUE MOUNTAIN SUMMER PARTY

Source International Xiamen Team held a fun summer party in the beautiful Ten Miles Blue Mountains of Fujian Province, which is famous for its sea of flowers and the air.

In the beautiful and fresh nature, the teams played three games. We feel the powerful force of energy, motivation, and teamwork. We all drunk a toast to this happy time.

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THIRD ROUND OF CHINA TARIFFS

Trade Representative Robert Lighthizer has released a third list of thousands of additional goods that could face 10% china product tariffs after a public comment period covering $200 billion in Chinese imports. 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 and Beijing immediately responded with its own tariffs on US goods worth $34 billion. . 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.

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source international cost drivers report 2018 Q2

ASIA MANUFACTURING COST DRIVER REPORT, 2018 Q2

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The ASIA MANUFACTURING COST of commodity price trends in the second quarter are mostly up across the board with a few rare exceptions. Most grades of plastics, industrial metals, paper, ceramic and glass raw materials all rose in price while only some grades of rubber and alumina for ceramic production were going down in price. Wood prices meanwhile remained mostly flat and Textiles prices were mixed. Petroleum and fuel prices were up in this quarter and labor rates inched up in the lower wage countries. The US Dollar rose a little bit against most of the Asian currencies in Q2. China exports saw up in the quarter while China imports were down. The China PPI was up slightly while the China CPI was down slightly. The PMI USA indexes saw steady improvement in Q2 and PMI China saw maintained while PMI Hong Kong was down significantly. Below is a chart of the general trends and for all the details, please see the entire report.

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shipping containers

SECOND ROUND OF CHINA PRODUCT TARIFFS

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SECTION 301 & 232 TARIFFS UPDATE
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 July 6, 2018.
Office of the United States Trade Representative (USTR) issued press release announcing 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” and are still under consideration.

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Ceramic Industry Supplier of the Year Award

CERAMIC INDUSTRY SUPPLIER OF THE YEAR AWARD

Source International (SI) was awarded the 2018 Ceramic Industry Supplier of the Year which was presented on May 1, 2018 via live video stream from the Ceramic Expo show floor in Cleveland. SI is a 30-year-old manufacturing and supply management company with a dedicated team in China, comprising merchandisers, engineers, and quality technicians working directly on behalf of customers to ensure smooth operations that result in quality products.

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ASIA MANUFACTURING COST DRIVER REPORT-2018 Q1

ASIA MANUFACTURING COST DRIVER REPORT-2018 Q1 In the first quarter, there was a clear commodity price trends with most of raw materials in Asia going down in price. Many grades of plastics, steel, aluminum, paper, ceramic raw materials and other industrial metals went down in price while rubber and wood mostly rose in price. Textiles

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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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