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OEM ODM
goods will be designated as the “organization.” What are the differences and which is the best for your company? When working with different partners to produce a product, there are many different terms to define the type of factory that you’re working with. You’ve most likely heard of contract manufacturers (CM) or suppliers, but what...
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EV Batteries
As the world begins its transition into electric cars, there are many looking to jump into the market as consumers gear up for next steps. Companies that are in the EV race include Ford, GM, Tesla, Kia, BMW, Xiaomi, Rivian, Hyundai, Volkswagen, Arrival, Nikola, Xiopeng Motors, Faraday Future, Lucid Motors, Nio, WM Motors, OIa, Zenobe,...
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Race to EV
As the world begins its transition to electric cars, there are businesses looking to jump into the market as consumers gear up for next steps. Companies that are in the EV race include Ford, GM, Tesla, Kia, BMW, Xiaomi, Rivian, Hyundai, Volkswagen, Arrival, Nikola, Xiopeng Motors, Faraday Future, Lucid Motors, Nio, WM Motors, OIa, Zenobe,...
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Case Study: Semiconductor Shortages
Due to ongoing supply chain shortages and production delays for semiconductors, buyers are scouring the market to secure supplies for their products. In addition to supply chain shortages, businesses are also gathering supplies as a preventative measure for future uncertainties. There was an over 30% increase in orders for semiconductors from Taiwan for Chinese and American production this...
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HOW TO PROTECT YOUR INTELLECTUAL PROPERTY (“IP”) RIGHTS IN CHINA
China has a very negative reputation for its local companies freely infringing on the Intellectual Property (“IP”) Rights of the foreign companies that conduct business in China as either buyers or sellers of products. To a large degree, this negative reputation is deserved based on past practices in the country. China also has a negative...
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How Does Cultural Understanding Influence Your Business?
More and more individuals and companies are involved in international business with easy internet access and transportation nowadays. How does cultural understanding influence your business? International business negotiation is a cross-cultural activity. Adequate cultural understanding brings efficient negotiation results; while bad cultural understanding could easily lead to prejudice and misunderstanding. Cross-cultural problems are always obstacles...
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You’re outdated if you’re still looking for sourcing partner from HK
From my observation, the IPO (International Purchasing Office) center has been changing to other major cities of China from Hong Kong over the past decades. You’re no doubt outdated if you’re still looking for sourcing partner from Hong Kong. Over a decade ago, I visited HK a lot when I started working in the international...
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Why An Outsourced Fulfillment Center Based in China Is So Important?
Definition of Fulfillment- Fulfillment is also known as order fulfillment or product fulfillment, it is a process whereby people or companies fulfill an obligation to send goods to those who have ordered. Fulfillment typically refers to services provided by a company that offers to stock, receive the orders, package, and ship ordered item to customers. Many fulfillment centers...
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Container Shortages
Due to the pandemic, supply chains around the world have been impacted by an unprecedented number of factors that include labor restrictions, national lock downs, factory closures, raw material shortages and changes in consumer buying trends. While the world starts to open back up, businesses will continue to feel the effects of the pandemic due...
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CRISIS = DANGER + OPPORTUNITY (About Coronavirus)
The Chinese word for “crisis” 危机 is often seen as the individual characters for “danger” and “opportunity”. The novel coronavirus has certainly become a crisis for us as International Buyers. The danger that we are experiencing is wide ranging from: China visit cancellations, shipment delays, customer orders cancelled, our businesses completely closed, loss of millions of...
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