Category Archive: Manufacturing

Sunless M1000 Spray Tanning System Case Study

 

Background: 
Following initial sales calls made in 2015 and subsequent discussions, the project to develop a new spray tanning product line was on track for 2020 development.  Then, of course, COVID hit!  However, thanks to Source International’s full Operations team on the ground in Asia, we were 100% ready to proceed as soon as we got the green light.case study
 

Action Plan

After several conference calls and sales visits, a team from Source including sales and senior leadership met with the customer’s management team on-site at their facility to dive into the project and develop the features, timelines, and expectations for their new spray tanning system.

A Source Customer Team was assembled in both the US and China office to review the customer’s existing products and to discuss how the ideas presented by the customer in preliminary meetings would be developed into the fully integrated spray tanning system with TUV certification. Budgets were created, timelines established, and the following list of desired features was developed:

  • HVLP Technology
  • Lightweight & Compact
  • Standard 100V Plug
  • Modern Appearance
  • Comfortable Hand Grip
  • Convenient Hanger on Sprayer
  • Adjustable Spray Pattern
  • Kink-free Hose
  • Ergonomic Carry Handle
  • Power Switch
  • Stable Foot Design
  • Stylish & Portable
  • Low Operating Noise
  • Removable Air Filter
  • Integrated Spray Gun Storage

 

Results:

After the initial product engineering was completed, Pre-Production Samples were made using various prototyping techniques and presented to the customer’s team where they were carefully reviewed by their senior management, sales, marketing, product management, engineering and supply chain teams to ensure they met the design and performance requirements.  Once the Pre-Production Prototypes had been fully tested, design changes were made, and several rounds of additional sample prototyping took place.  Following field testing of the final prototypes, customer approval of the M1000 Spray Tanning System was given, and the Source team began to build the tooling and set the final timing for production start-up.

After the multiple tooling was completed, Source engineers debugged them. It took several rounds of shots until the tooled Pre-Production sample was approved and the product was released into mass production for the first order.  These units were delivered to the customer’s warehouse in 2021.  After the second order, the company’s QA manager remarked, “Nice work! We inspected 10% of the second PO of 2000 ea. We found no leaks. Engineering is comfortable with the inspection and results.”

This project represented a true collaborative redesign effort involving the collective efforts of Source and the customer’s engineering, operations, factory, marketing, sales, operations, purchasing and executive teams all working together to accomplish this product development and offshore manufacturing success story.  This initial success led to the next series of sample units being sent to the Source China office for review and re-development to add the portfolio of products we will be producing for this customer.  See the product in action at this video link.

Source International’s dedicated professionals can achieve the same winning results for your OEM parts and products. For additional details regarding this success story, please contact our Midwest sales office at 440-546-0630 or our US Headquarters office at 502-589-7900.  Contact us today to arrange a no obligation assessment of how we can supply a partnership which adds value to your OEM products.

Plastic Injection Molding: The Manufacturing & Design Guide

Plastic injection molding is a highly repeatable manufacturing process used to mass-produce identical plastic parts. It is ultimately a cost-efficient method of producing the plastics we use daily, such as bottle caps, toys, and appliance parts.

To begin the process, thermoplastic polymer granules are melted. These polymers, which can be colored or filled with other additives, are then injected under pressure into the mold. The liquid plastic cools and solidifies. Once solid, the mold opens and pushes the part out. Next, the mold closes, and the process is repeated.

This process produces consistent results within tight tolerances and offers manufacturers high levels of design freedom. Though there is a high initial investment in mold creation, the cost is recuperated in high-volume production runs.

 

Types of Injection Molding

Injection molding can be used to produce tiny parts like model airplane pieces or larger items such as car body panels. The process is primarily used when there is a need to produce thousands, or millions, of identical parts.

Common types of injection molding include:

  • Blow Molding: Used in forming bottles and other plastic shapes, blow molding is accomplished by blowing compressed air into the mold.
  • Over Molding: Also known as co-molding or two times injection molding, over-molding involves forming a mold out of one material and then partially or fully covering that mold in another material.
  • Insert Molding: In insert molding, a non-plastic component is inserted into the mold where it is covered in plastic.
  • Cube Molding: A molding process for the manufacture of circular parts, cube molding is characterized by components that rotate vertically around the axis.

 

Materials Used in Injection Molding

A wide variety of materials are used in plastic injection molding. Materials are selected based on their weight, strength, and resistance to certain environments (heat, acid, or moisture). Plastics can also be combined to create different properties and effects.

  •       ABS (Acrylonitrile Butadiene Styrene)
  •       ABS/PC (Acrylonitrile Butadiene Styrene + Polycarbonate)
  •       Acetal
  •       Acetal Copolymer
  •       Acetal Homopolymer
  •       ETPU (Expanded Thermoplastic Polyurethane)
  •       HDPE (High-Density Polyethylene Resin)
  •       LCP (Liquid Crystal Polymer)
  •       E (Low-Density Polyethylene Resin)
  •       LLDPE (Linear Low-Density Polyethylene Resin)
  •       Nylon 6
  •       Nylon 5/12
  •       PBT (Polybutylene Terephthalate)
  •       PC/PBT (Polycarbonate/Polybutylene Terephthalate)
  •       PEEK (Polyetheretherketone)
  •       PEI (Polyetherimide)
  •       PET (Polyethylene Terephthalate)
  •       PETG (Polyethylene Terephthalate Glycol)
  •       PMMA (Polymethyl Methacrylate Acrylic)
  •       Polycarbonate
  •       Polypropylene
  •       PPA (Polyphthalamide)
  •       PPE/PS (Polyphenylene Ether + Polystyrene)
  •       PS (Polystyrene)

 

Injection Molding Design Process

To achieve optimal end results, there are several factors to consider when planning your injection molding design. Considering the following factors can reduce the risk of defective or substandard final components:

  • Materials: Each plastic material has different characteristics (elemental resistance, strength, cost) that must be considered. Resins also react differently when treated to heat during the molding process, and they have different features when cooled.
  • Tolerances: Plastics can warp and shrink in the mold, so this needs to be factored into the design. The chemistry of each plastic also lends itself to different tolerances. For example, acrylics have low shrink rates and can hold tighter tolerances, but LDPE cannot withstand very high temperatures and easily warps.
  • Mold Design: The mold itself needs to be carefully designed. Wall thickness should be uniform; elements like ribbing can help. Molds also require a certain amount of draft, so the part can be properly ejected. This is especially important in injection molding, as the high pressure allows one to inject plastic into all the small nooks and crannies of a mold, which can make the part hard to remove. Parts with intricate details will also need extra draft to keep the design intact.
  • Shrinkage Rate: Different plastics shrink at different rates, due to differences in resin structure, the mold itself, and how the plastic flows into the mold. Injection pressure can improve the shrinkage rate, but different resins require different tonnages per square inch.
  • Surface Finishing: There are 12 grades of plastic finishes according to the Society of Plastics, ranging from dull to shiny. Different finishing services are required for each type of shine – sandblasting produces a dull finish, and diamond polishing creates a mirror shine. One must also consider the plastic itself. For example, you cannot use powder coating on low-melt materials, but plastics like PVC can withstand high temperatures.

 

Benefits of Plastic Injection Molding

The main benefit of plastic injection molding is that it allows for the rapid manufacture of a large number of identical parts. After covering the initial mold-making cost, the production costs for injection-molded parts are low and continue to decrease as production runs increase.

A wide range of materials can be used in injection molding, and the process is highly repeatable. It produces finished parts with tolerances of ±0.500 down to ±0.125 that have excellent visual appearance and need little or no extra finishing.

Plastic injection molding produces minimal waste compared to other types of traditional manufacturing processes as no material is removed from the cured product.

 

Source International

The process-driven professionals at Source International can produce plastic molded injection products in a variety of shapes and sizes to suit many different industries. Our ISO 9001-certified facilities give us the capability to deliver a diverse set of parts using a variety of materials.

Providing plastic injection molded products for over 25 years, Source International offers reliable, accurate, and cost-effective plastic injection molding services. With cutting-edge capabilities, we can handle complex molds with core pins, multiple cavities, cams, and lifts for insert molding, over-molding, in-mold decoration, and in-mold assembly. Presses in the 50-ton to 3,300-ton range enable our professionals to create shot sizes as small as 5g to as large as 2,500g with tolerances of ±0.005. 

Contact us today for more information.

Asia Manufacturing Costs Rose Higher in the First Quarter of 2022

 

Photo By: Mech-Mind

 

Asia manufacturing costs rose in the first quarter of 2022

 

Asia Manufacturing Costs Rose in the First Quarter of 2022

Tracking The Trends Which Drive Costs in Asia Manufacturing As

Q1– 2022 (Jan, Feb, Mar)

EXECUTIVE SUMMARY

Manufacturing costs trended sharply upward in the first quarter of 2022. Most grades of Plastics, Steel, Alum, Metals, Wood, Textiles, Ceramics increased along with costs for Fuel, and Currency. Only Rubber and Paper decreased in the quarter along with Freight costs which declined 4.8% from elevated levels in most of 2021. The cost of Labor was flat in most Asian countries but rose sharply in China by 4.4%. The major manufacturing Indexes indicated slowed growth and contracting economies with the China PMI index down slightly by 1.6%, while the US PMI was down 2.7% in Q1 vs Q4 of 2021. In China, the largest sector of Asia manufacturing, by far, Imports decreased 6.9% and Exports showed a 18.9% decline versus Q4 2021 levels, while the PPI was down by 1.8% and the CPI showed little change.

Continued COVD shutdowns and the war between Ukraine and Russia are expected to put continued pressures on supply and demand for the balance of 2022.

For all the details please see the entire report that follows:

Asia Manufacturing Costs Moderated in Q4-2021

Precision Casting Parts

 

Source Delivers Precision Castings

 

Casting was one of the first industrial manufacturing processes dating back at least 7,000 years to China, India, and Pakistan. Throughout history, the casting process has been used to make tools, weapons, works of art, and other parts.

The modern casting process uses many different techniques and in all of them, liquid material is poured (or injected) into a hollow cavity of a desired geometrical shape and allowed to cool down to form a solidified part. The solidified part after it is extracted from the mold is known as a casting blank.

Asia Manufacturing Costs Moderated in Q4-2021

 

Photo By: Mech-Mind

 

Asia Manufacturing Costs Moderated in Q4-2021

 

Asia Manufacturing Costs Moderated in Q4-2021

Q4 EXECUTIVE SUMMARY
After a promising first half of the year, the second half of 2021 proved lackluster for Asia manufacturing.  Costs in Q4, 2021 moderated on lower demand and work interruptions caused by COVID outbreaks. These factors coupled with shortages of key semiconductor chips and power restrictions in China led to a decline in production capacity utilization.

The commodity price trends in the fourth quarter showed downward movements in some key materials reversing increases seen in the past few quarters. Most grades of steel, aluminum, plastics, other metals, ceramic raw materials, and fuel all showed price decreases while only rubber, paper, textiles, and other metals all increased slightly. Textiles, and labor costs meanwhile were mostly flat in price. Shippers breathed a sigh of relief in Q4 as the World Container Index declined by 10.4% in Q4 reversing the nearly year-long trend of increasing freight rates. China exports remained strong showing 11.4% increase versus Q3 and economic data showed the world’s second largest economy grew faster than expected between October and December. Numbers from China’s National Bureau of Statistics showed the Chinese economy grew by 8.1% in 2021, slightly below the market’s expectation for around 8.4% growth for the year. China’s producer prices dropped 2.3% from November to December 2021.

Numbers from China’s National Bureau of Statistics showed the Chinese economy grew by 8.1% in 2021, slightly below the market’s expectation for around 8.4% growth for the year. In the fourth quarter, China’s GDP rose 4% from a year ago, topping a Reuters poll that predicted a 3.6% increase. Industrial production also rose and beat expectations, but retail sales had a more muted growth.

The outlook for Asia manufacturing production in the first half of 2022 looks promising with strong demand continuing but with some uncertainty over the direction of new Covid outbreaks, power availability, increased fuel costs, and overall inflationary pressures.

For all the details please see the entire report that follows:

Asia Manufacturing Costs Moderated in Q4-2021

Omicron Covid variant poses very high global risk says WHO

 

Omicron Covid variant poses very high global risk says WHO

Protect yourself from the Omicron Covid variant with KN95 masks. With about one quarter of the American population still unvaccinated and the Omicron Covid variant threatening, all Americans, whether they are vaccinated or not, should wear masks indoors in public spaces and in places where the coronavirus is still spreading. New cases of the COVID delta variant are still rising in many states, especially those with low vaccination rates.  Wearing a KN95 mask regardless of vaccination status can protect everyone.

The World Health Organization (WHO) says that the Omicron Covid variant poses very high global risk and is currently advising all people, vaccinated or not, to continue wearing masks when around others as long as there is community spread.  The facts are in and masks protect against COVID.

The CDC  is now advising all students and staff to wear masks during in-person learning, regardless of their vaccination status.  The guidance could serve to reassure educators nervous about coming back into the classroom and give comfort to working mothers looking to re-enter the workplace. Meanwhile, the debate over face masks rages on, divided largely along partisan lines, and has spurred more discussion about mandatory vaccinations in government, higher education, and workplaces.

Which Masks Protect Against COVID best?

Experts say that masking up again is essential and the quality of the mask does matter.  A KN95 or N95 mask is going to give a lot more protection since both masks are designed to filter 95% of particles. We know that masks are effective against every variant that this virus has produced when they are tight fitting and used properly to cover the nose and mouth.  Some health care experts are now questioning the effectiveness of cloth masks which are reusable after laundering and disposable surgical masks which are cheaper and recommend double masking. That could lead to renewed interest in N95 and KN95 masks that fit much tighter. A well-fitted N95 or KN95 mask is extremely effective in stopping the virus, more so than a cloth or disposable surgical masks.

Asia Manufacturing Stalled in Q3, 2021

 

Asia Manufacturing Stalled in Q3, 2021

 

Asia Manufacturing Stalled in Q3, 2021 Due to Energy Shortages, COVID Outbreaks, Material Supply Constraints, And Transportation Backlogs

Q3 EXECUTIVE SUMMARY –

Asia Manufacturing Stalled in Q3, 2021 Due to Energy Shortages, COVID Outbreaks, Material Supply Constraints, And Transportation Backlogs. Factory output in Asia slowed in the third quarter as manufacturers battled COVID spikes, worker shortages, material supply constraints, and energy shortages. Raw materials continued their upward trends for the most part and transportation backlogs compounded the global supply chain problems.

The commodity price trends in the third quarter all showed upward movements continuing the trend for all of 2021. Most grades of steel, aluminum, other metals, ceramic raw materials, and especially fuel all showed significant increases while only rubber and paper slowed their climb upwards. Wood, textiles, labor costs, and the exchange rate remain stable meanwhile were mostly flat but showing little decline. Freight costs continued their move upward with The World Container Index up 46.02% over Q2 reaching all-time highs.

Chinese imports were up 4% and exports were up over 8% versus Q2.  And, while the CPI declined slightly, the PPI has risen over 9% this year hitting a 13-year high. The China PMI index was at 49.6 in September versus 50.1 in August slipping into contraction for the first time since February 2020.

Unfortunately, the outlook for Q4 does not have many promising signs for quick relief and a continuation or worsening of prices is likely as we move into the holiday season. Demand remains strong from both North America and Europe, and it remains to be seen if rising prices will temper that demand into 2022.

For all the details please see the entire report that follows:

Ask The Experts at the ASD Show, August 2021

 

YOU CAN’T MISS THIS SHOW & OUR ASK THE EXPERTS PANEL

 

ASK THE EXPERTS AT ASD MARKETPLACE, NOW BACK LIVE! 

Las Vegas will be hopping August 22 through 25 at ASD Market Week with 3,500 booths featuring 1,500 vendors and an inspiring, live educational  program.  It’s your chance to learn, shop, network, and play all in the same week!

With the return of key vendors and the reimagined all-in-one shopping experience, you’ll see ASD Market Week in a whole new way. Get an up-close look at high-margin products that will pop off your shelves and boost your profits – it’s everything you’ve been waiting for. ASD Market Week is the most comprehensive tradeshow for consumer merchandise in the U.S. Retailers and distributors of all sizes will find that the show floor is filled with quality choices at every wholesale price points

 

ASK THE EXPERTS ABOUT GLOBAL SOURCING

SOURCE INTERNATIONAL will be participating in two thought-provoking, educational sessions held right on the show floor. The success of your product offerings, whether private label or open market goods, depends heavily on finding the right source for product development and manufacturing and on the quality of the final product that reaches your customers. Today’s savvy consumers demand high quality products at the most competitive price, and you only get one chance to make a good impression and to generate a positive customer review. Join our sessions below and network before and afterwards to discuss your specific projects and goals.

  • Ask the Experts Panel will be held on Monday, August 23 and will include an interactive session with global supply chain management and legal experts sharing their thoughts on sourcing strategies, best practices, intellectual property protection, industry trends and more with considerable time devoted to questions and answers between audience members and panelist experts.
  • Global Sourcing and Supply Management . This session will happen on Wednesday, August 25 where you’ll learn tips to engage in collaborative strategic sourcing and global supply management best practices that minimize your risk long with discussions on current trends in global supply management including digital supply networks, sustainability/green product design, speed to market, transparency/social accountability, automation/robotics/smart manufacturing, additive manufacturing, logistics challenges, the onshoring/reshoring movement and more. Time is also allotted for a question/answer period.
Reserve a time to meet with Jim before or after the sessions.
ASK THE EXPERTS

 

LARGEST WHOLESALE MARKET IN USA

ASD Market Week is the most comprehensive B2B trade show for consumer merchandise in the USA bringing the world’s widest variety of retail merchandise together in one efficient shopping experience. Retailers of all sizes will find that the ASD Market Week show floor is filled with quality choices at every wholesale price point where they can find thousands of high-margin products which consistently achieve a 300% mark up. Whether you have an online store, a brick-and-mortar business, or both, ASD is truly the wholesale buying event that can’t be missed for any small to large sized retail, e-commerce, distribution, or importing business.  Lets get back to business with higher margins, wider selection – All in One Market.

What’s more, ASD is the only retail merchandise trade show that allows buyers to network with each other, attend educational seminars, and meet with retail industry experts in order to learn how to sell more products online, drive foot traffic in-store, and improve general business operations. At ASD Market Week, you can learn and stay ahead of the curve with our free retail seminars & educational sessions. 

TOP FIVE REASONS TO ATTEND

  • Highest Margin Merchandise
  • On-Trend New Products
  • Educational Sessions
  • One Place at One Time
  • Exclusive Buyer Perks

t’s Las Vegas, baby! There are lots of great reasons to attend and the top five reasons are listed above.  And, did you know that ASD partners with the best hotels, popular shows, and clubs to bring buyers exclusive events to make the most of the buying trips after-hours where there’s plenty of networking opportunities.

Contact Jim to schedule an on-site meeting at ASD where we can give you helpful tips and discuss how our program can add value to your new product development efforts. And, join our Ask the Experts panel and Global Sourcing session to gain valuable knowledge about developing private label products.

Learn + Connect

Don’t miss the opportunity to learn from retail industry experts at ASD. From how to build an online presence to how to diversify your merchandise mix and attract a wide range of customers, you will not want to miss our FREE educational sessions held on the ASD and IRC Stages. Check out the full seminar schedule.

ASK THE EXPERTS

Be sure to Contact us to set up a private meeting on-site where we can discuss how Source International can add value to your product supply chain.

Feel free to share with all of your friends!

Masks Protect Against the COVID Delta Variant

 

COVID Delta Variant Is Spreading Quickly In The United States

With more than ¼ of the American population still unvaccinated and the COVID delta variant causing surging infections in the US, the Centers for Disease Control and Prevention (CDC) reversed their previous guidance this week and is now recommending once more that all Americans, whether they are vaccinated or not, wear masks indoors in public spaces in places where the coronavirus is spreading. The fact show that cases are now rising in most every state with hospitalizations surging in states with low vaccination rates. Over 80% of the new cases are the COVID delta variant. While most of the outbreaks are happening among unvaccinated individuals, wearing a mask regardless of vaccination status can protect everyone.

In May when the CDC suggested that vaccinated people no longer needed to wear masks, indoors or out, the US joined a few other western countries to move away from mask usage before the end of the pandemic. Now, less than three months later, the CDC announced it had again changed its guidance on masks based on data showing that vaccinated people infected with the highly infectious delta variant carry the same viral load as unvaccinated people who are infected. The World Health Organization (WHO) is also currently advising all people, vaccinated or not, to continue wearing masks when around others as long as there is community spread. The facts are in and masks protect against the COVID delta variant.

In addition, the CDC also provided new guidance on face masks in schools and is now advising all students and staff to wear masks during in-person learning, regardless of their vaccination status. The guidance could serve to reassure educators nervous about coming back into the classroom and give comfort to working mothers looking to re-enter the workplace. Meanwhile, the debate over face masks rages on, divided largely along partisan lines, and has spurred more discussion about mandatory vaccinations in government, higher education, and workplaces.

Which Masks Protect Against the COVID Delta Variant?

Experts say that masking up again is essential to combat the highly contagious delta variant. It’s reported to have similar levels of concentrations in the air and permeability as the original COVID strains, but the quality of the mask does matter. A KN95 or N95 mask is going to give a lot more protection since both masks are designed to filter 95% of particles. We know that masks are effective against every variant that this virus has produced when they are tight fitting and used properly to cover the nose and mouth. And, wearing masks can prevent us from shutting down our economy again. Because the delta variant is so contagious, some health care experts are now questioning the effectiveness of cloth masks which are reusable after laundering and disposable surgical masks which are cheaper. That could lead to renewed interest in N95 and KN95 masks that fit much tighter. A well-fitted N95 or KN95 mask is extremely effective in stopping the virus, more so than a cloth or disposable surgical masks.

The CDC warns that about 60% of KN95 masks in the U.S. are counterfeit, and do not meet US standards. VexStar Medical has FDA approved KN95 masks in stock and ready for immediate delivery. Contact us today at 502-589-7900 to protect yourself, your family, and your staff.

VexStar Medical PPE

What’s the difference between N95 and KN95 Masks?

Simply put, N95 masks are the US standard for respirator masks (United States NIOSH-42CFR84) while KN95 masks are the China standard (China GB2626-2006).  The US National Institute for Occupational Safety and Health (NIOSH), a division of the CDC, requires manufacturers to meet the NIOSH standards in order to label their masks as N95s but, despite differences, the two masks are nearly equivalent on many critical features. One advantage of KN95 over N95 mask is that to be certified, the China government requires the manufacturer to run mask fit tests on humans while the N95 mask standard does not require manufacturers to run fit tests. Check out all the details of the differences between N95 and KN95 in this comparison chart.

Asia Manufacturing Costs Higher in Q2 – 2021

 

AMCD 2021 Q2 TREND

 

Asia Manufacturing Costs Increased in Q2-2021 Driven by Supply Chain Disruptions, Raw Material Increases, and Higher Transportation Costs

Q2 EXECUTIVE SUMMARY – Asia Manufacturing Costs saw sharp rises in raw material costs and strains in supply chains in Q2. Meanwhile, contrained output and the spread of new COVID variants (especially in India) fueled further negative impact on productivity and supply chains. These factors coupled with logistics issues at Asian and US ports and surges in transportation costs are further complicating the situation and driving higher prices.

The commodity price trends in the second quarter all showed significant upward movements continuing the trends of the past few quarters. Most grades of steel, aluminum, other metals, ceramic raw materials, and fuel all showed increases while only plastics and paper retreated slightly from significant increases earlier in the year.  Wood, textiles, and labor costs meanwhile were mostly flat in price. The World Container Index increased by 19.6% in Q2 continuing the uptick in logistics costs this year and was by far the highest in recent years. China exports surged 16.7% versus Q1 reflecting the strong demand in the marketplace with heavy order volume. China’s producer prices rose by 8.8% year-on-year in June 2021 after a 9.0% gain in May and was the sixth straight month of increases in factory prices.

The outlook for Asia manufacturing production in the second half of 2021 continues to be strong led by the rapid expansion forecast for world economic growth of around 5% year over year.

For all the details please see the entire report that follows:

US-CHINA TRADE – OVER 235 YEARS AND STILL GROWING

 

US-CHINA TRADE – OVER 235 YEARS AND STILL GROWING

US-China Trade continues to grow year by year in spite of political, cultural, and geographic differences. In July of each year, both the US and China celebrate the beginnings of their countries as we know them today.  On July 4, Americans celebrate Independence Day (1776) while for the Chinese, July 23rd marks the anniversary of the founding of the modern government of China (1921).  It’s a big deal for both counties and an important month to stop and see how far we’ve come with US-China trade relations.

The Office of the US Trade Representative Reports that U.S. goods and services trade with China totaled an estimated $634.8 billion in 2019 (latest data available). Exports were $163.0 billion; imports were $471.8 billion. The U.S. goods and services trade deficit with China was $308.8 billion in 2019 with trade in services only with China (exports and imports) totaled an estimated $76.7 billion in 2019. Services exports were $56.5 billion, while services imports were $20.1 billion giving the U.S. a services trade surplus with China was $36.4 billion in 2019. According to the U.S. Department of Commerce, U.S. exports of goods and services to China supported an estimated 911,000 jobs in 2015 (latest data available), with 601,000 jobs supported by goods exports and 309,000 jobs supported by services exports.

Currently, China is the 3rd largest goods export market for the US and it largest import partner.  But where did it all start from?

JOIN US for 3 Learning Sessions at the ASD SHOW in Las Vegas – July 28-31

 
Come join us at the ASD Show in Las Vegas July 28-31 for 3 exclusive learning sessions targeted to all private label buyers and importers.
And Learning Sessions
ASD Market Week is 9 Trade Shows in 1 Central Location that features 19 Retail Categories from 2,700 Vendors from around the world. You can Find New Suppliers and Vendors, Thousands Of High-Margin Products which Consistently Achieve a 300% Mark Up and Enjoy Exclusive Deals & Perks Designed For ASD Attendees.

ASD Market Week (previously ASD AMD) is the most comprehensive trade show for consumer merchandise in the U.S. As the leading B2B trade show in Las Vegas, ASD brings the world’s widest variety of retail merchandise together in one efficient shopping experience. Retailers of all sizes will find that the ASD Market Week show floor is filled with quality choices at every wholesale price point.

What’s more, ASD Market Week is also home to the SourceDirect trade show, a B2B show for importers, distributors, wholesalers, and large retailers to buy wholesale goods directly from overseas manufacturers. SourceDirect at ASD is the go-to destination for buyers looking to source new product categories and find new ways to directly profit from manufacturers coming from top sourcing countries.

Whether you have an online store, a brick-and-mortar business, or both, ASD is truly the wholesale buying event that can’t be missed for any small to large sized retail, e-commerce, distribution, or importing business.

Contact Jim to schedule an on-site meeting at ASD where we can give you helpful tips and discuss how our program can add value to your new product development efforts. And by joining our 3 learning sessions you’ll gain valuable knowledge about developing private label products.

Registration to ASD and Source Direct is free through the link below.

https://registration.experientevent.com/ShowASD192/?Flow=ATTENDEE&MarketingCode=REFPTSDJU

And Learning Sessions
Ask The Experts Panel

Sourcing 101 Panel

Sunday, July 28, 2019: 11:15 AM – 12:15 PM

This session will cover the fundamentals of sourcing your products overseas. The panel will share their varied expertise covering the process of finding new suppliers, supply chain strategies as well as the art of negotiation and legal issues for newcomers to the industry.

https://asd.a2zinc.net/July2019/Public/SessionDetails.aspx?FromPage=Sessions.aspx&SessionID=9670&SessionDateID=488

Ask the Experts

Monday, July 29, 2019: 11:30 AM – 12:30 PM

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.

https://asd.a2zinc.net/July2019/Public/SessionDetails.aspx?FromPage=Sessions.aspx&SessionID=9677&SessionDateID=489

And Learning Sessions

Driving Product Success and Positive Product Reviews Through Effective Sourcing and Quality Assurance

Tuesday, July 30, 2019: 11:30 AM – 12:30 PM

The success of your product offerings, whether you offer private label or open market goods, depends heavily on finding the right source for product development and manufacturing, and on the quality of the final product that reaches your customers. Today’s savvy consumers demand high quality products at the most competitive price and you only get one chance to make a good impression. You may have the latest innovative, on-trend product but if the quality is not on-spec, it doesn’t arrive on time, or the price is not competitive, your chance to generate a positive customer review is greatly reduced or, even worse, may generate a product-killing bad review. In this session you’ll learn tips to engage in collaborative strategic sourcing that minimizes your risk, quality assurance best practices, and how to incorporate green initiatives to reduce your carbon footprint to drive product success for your brand and those all-important positive customer reviews.

https://asd.a2zinc.net/July2019/Public/SessionDetails.aspx?FromPage=Sessions.aspx&SessionID=9680&SessionDateID=490

So don’t delay, contact us today!