Vietnam factory commision issue.

Vietnam Factory commission Issue

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. Limited Options, Big Players: In Vietnam, we don’t have as many factory options as China, but the ones we do have are pretty big and Read more…

United States Product Labeling Requirements

Sourcing from Vietnam and status:What is Product Compliance? Sourcing from Vietnam – The Four Elements 1. Safety Standards / SubstanceRestrictionsISO, EN or REACH2. Document RequirementsProduct Certificates, DoC, Technical File3. Testing / Verification RequirementsOften mandatory, but not always4. Labeling RequirementsCE Mark, FCC, “Made in China”, Textile Labels Which products are regulated? Very strict– Toys & Children’s Products– Electronics, Machinery, Energy, Medical Devices, Vehicles– Food Contact Materials, Kitchen Utensils– Chemicals, Cosmetics, PharmaceuticalsNot as strict (but regulated)– Furniture– Read more…

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US Purchasing Status and Buying from Vietnam: A Long-Term Perspective

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 Temporary It’s crucial to remember that this situation is likely temporary. While the initial cost of goods from Vietnam might appear higher currently, this is Read more…

Leveraging Sourcing AI for Enhanced Supply Chain Management

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. In this post, we’ll explore the transformative impact of Ai in global supply chain and why it’s becoming an essential element in modern supply chain Read more…

Private Label and White Label Product Development in Vietnam

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 two types of product development strategies that allow businesses to create and sell their own branded products without having to invest in the research and Read more…

FOB and US landed cost

Logistic is a crucial element of the supply chain, especially for businesses involved in sourcing from Vietnam. When sourcing products from Vietnam, two essential terms to understand are FOB (Free on Board) and US landed cost. In this article, we will explore the basics of logistic in sourcing from Vietnam and how FOB and US landed cost play a significant role in the process. Sourcing Vietnam: An Overview Vietnam is a popular destination for businesses Read more…

Sourcing Outside of China

Sourcing Outside of China. After years of ‘Made in China,’ supply chains consider alternatives The events of the past year have given many companies engaged in outsourcing their manufacturing reason to expand their supply chain.“We’ve realized that we put too much power in a single country,” said Dawn Tiura, CEO of Sourcing Industry Group.If you are wondering whether to reduce your dependence on a single producer, in China or elsewhere, it is helpful to explore Read more…