In supply chain management, the terms purchasing and sourcing are often used interchangeably, but they play distinct and complementary roles. Understanding these differences is essential for businesses to build a resilient and efficient supply chain. What is Sourcing? Sourcing is the strategic phase of supply chain management. It involves identifying, Read more
With President Trump back in office, outside of China sourcing is set to accelerate rapidly. Known for his protectionist stance, Trump has announced plans to impose a baseline tariff of 10% on all imports, and up to 60% on goods imported specifically from China. This strong return to tariffs aims Read more
In recent years, many companies have faced significant challenges in diversifying their manufacturing base beyond China, despite increasing pressure from tariffs and geopolitical tensions. This situation highlights the complexities of global supply chain management and the true nature of low cost manufacturing. Cost Is Not Always the Only Factor While Read more
Finding a trustworthy supplier is crucial for any business looking to establish or expand its operations in Vietnam. With over 10 years of experience managing suppliers in Southeast Asia, particularly in Vietnam, we’ve developed a robust approach to sourcing that ensures reliability and quality. Here’s how we do it: 1. Read more
As the global landscape shifts, many factories are moving to Vietnam to diversify their operations and mitigate risks. With the anticipated increase in Trump’s tariffs in 2025, Vietnam has emerged as a strategic alternative for businesses looking to move out of China. This article explores the current status of factories Read more
Sourcing from Vietnam, especially in comparison to China, presents unique challenges and opportunities, particularly from an engineering perspective. Here are several key points to consider: Differences in Engineering Capabilities China Vietnam Importance of Local Engineering Teams In Vietnam, having a strong local engineering team is crucial for several reasons: Roles Read more
Let’s talk about Vietnam Factory commission Issue. It’s not like China, where there are tons of factories to choose from and it’s easy to negotiate bonuses with them. Vietnam’s scene is smaller, but the factories here are big players in their industries, with lots of experience dealing with retailers. 1. Read more
Buying from Vietnam undergoes a dynamic transformation in the global commerce landscape. With the saturation of domestic capacity, American retailers are strategically diversifying their sourcing destinations. This shift is particularly evident as US retailers liquidate their existing stock, creating a temporary surge in costs for goods sourced from Vietnam. A Read more
In today’s fast-paced business environment, the integration of Artificial Intelligence (AI) in sourcing and supply chain management has become more than a trend; it’s a necessity. This technology is revolutionizing the way companies approach procurement and supply chain strategies, leading to significant improvements in efficiency, cost reduction, and risk management. Read more
In recent years, Vietnam has emerged as a hub for private label and white label product development. With its low manufacturing costs and skilled workforce, Vietnam has become an attractive destination for businesses looking to develop and source high-quality products at a competitive price. Private label and white label are Read more