Sourcing in China
China manufactures all kinds of materials and products from automotive equipment, electronics, computer, clothes, toys to vehicles, industrial equipment, chemical and machinery. Companies can source and purchase almost any products from China.
What are the benefits of sourcing in China?
1) relatively low cost skilled labour force with strong work ethic
- companies can save money and invest more in other areas of business to increase profits
2) adequate raw materials and natural resources with low cost
- production cost can be greatly reduced
3) mature communication and transportation infrastructure
- China government improved its infrastructure to attract more investments in China. Enhanced logistic made it easier to deliver and export goods to the world's consumers
4) stable political and economical environment
- export prices have remained stable and the ratio of Chinese Renminbi (RMB) to the U.S. dollar is held fairly constant
5) continuous improvement in manufacturing excellence
- Chinese factories can produce higher quality products as compare with other countries' factories
6) large and sophisticated manufacturing base
- companies can almost source and purchase any products in China at competitive prices
What are the challenges of sourcing in China?
1) to find capable and reliable manufacturers or suppliers
2) to guarantee the quality and standard of the supplied products
3) to communicate with the suppliers effectively
4) to tackle the cultural differences
5) to handle the exporting process
What are the advantages of using sourcing company or consulting company like Geo & Co. for China sourcing?
Geo & Co. can...
1) reduce companies' time and cost to find the most suitable suppliers that can meet the product specification and price requirement
2) provide supplier and product qualification checking to ensure high quality products are produced
3) speak in English, Cantonese and Mandarin (Putonghua) and our team is experienced to work and negotiate with Chinese suppliers to help companies get the best price and most favourable terms for the deal
4) help to minimize the culture issues as our team is educated and understood both western and Chinese business culture
5) directly involve in the whole exporting process from stocking, exporting to shipping to ensure on-time delivery
We aim to provide superior client service and build long-term client relationship. Geo & Co. is committed to help companies getting the highest quality products at the lowest possible prices from China.
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