Hi there!
We're back with another Guangzhou Sourcing newsletter. We hope you're having a great week so far.
Today we're talking about factory due diligence in China. It's a topic that comes up a lot, and it's something that we think is really important to understand as s business owner.
It’s no secret that China’s factories are going through a rough phase, especially with increasing raw material costs, supply chain bottlenecks, and challenges in getting credit. First, they were hurt by the COVID-19 coronavirus outbreak, and then by the ongoing politics and tariffs. You may probably be aware of all these.
In this post, we shall read an overview of the challenges in China, along with strategies to minimize risks and maximize opportunities.
Manufacturing Challenges in China
Undoubtedly, your decision to manufacture in China is the right one, especially when it comes to cost factors. However, problems can arise when your client is in a faraway land. So, how can you reduce your risks?
Let’s see below:
Enjoy!
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