Monthly Sourcing Highlights - August 2014

Sourcing News

Read these latest industry updates and developments from China & Asia:

• 24 smart watches go big-time with multiple functions

• It's not just Apple: New smart watches to flood the market

• Top 20 Home Products: Melamine dinner plates unbreakable

• Top 20 Garments & Fashion Accessories: PU leather handbags make impressive debut

• Top 20 Electronics: Touch down mobile phones

More news...

Sourcing Fairs (Trade Shows)

Find products and meet quality suppliers at these trade shows:

China Sourcing Fairs

Survey Findings

Steady imports seen in second-half 2014

Many volume buyers expect level business in the months ahead, results of Global Sources’ latest buyer survey reveal. More than 1,300 importers participated in the survey, which focused on second-half 2014 projections.

Over 60 percent of surveyed buyers said their import volumes will increase in the next six months. Projections are less optimistic than a similar survey published in February 2014 forecasting imports for the first half of 2014. Seventy-four percent of respondents in that survey indicated their imports would increase… Continue reading

More research…

Ask the Experts

Get practical answers to critical questions on how to source effectively from China:
Ask the Experts guide

I’m concerned about non-disclosure, non-compete issues. What items may I be missing in my contract with the factory?

Answer:I’m not a Chinese lawyer so you should consult with one before placing a PO or signing a contract, but based on my experience here are 7 items specific to your situation that many new buyers forget to cover in their contracts.

1. Buyer has the right to engage 3rd party inspection firms to check production before the goods leave China and before final payment is made… Continue reading

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Featured Survey Findings

Asia suppliers of handicrafts split over price movements

Small and midsize manufacturers of handcrafted products are nearly equally divided between those that will raise prices and those that will keep prices stable over the next six months. This is according to Hinrich Foundation's consolidated survey of 145 suppliers in Vietnam, the Philippines, India and Nepal. Carried out in the first half of 2014, the poll looks at supplier forecasts for the second half of the year.

Accounting for 51 percent, there are marginally more companies that intend to maintain quotes. Enterprises that will push up prices represent 48 percent of respondents Continue reading

Featured Sourcing Guide

Why suppliers in China quote incorrectly

If you have experience in importing from Chinese suppliers, you know it's very common that quotes are not handled with precision. There are some basic yet deep-rooted reasons why suppliers in China quote incorrectly.

Precision: Suppliers in China do not quote with precision. The mindset is that the initial quote is not something that is going to make or break the project. The quote is viewed as sort of the starting point of discussion.

Details and specifications are not something firm that can readily be concreted and confirmed. Facts are “loose” and require back-and-forth… Continue reading

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