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The Engineering Side of Sourcing from Vietnam: Challenges and Strategies

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 of Purchasing and Engineering Teams Purchasing Sourcing Engineering Sourcing Strategies for Effective Sourcing in Vietnam Conclusion Sourcing from Vietnam requires a more hands-on approach, particularly Read more

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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

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Vietnam factory commision issue.

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

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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

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sourcing ai from vietnam
white label or private label

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

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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

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FOB and US landed

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

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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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Sourcing in Vietnam

What Does a Sourcing Agent Do? Sourcing in Vietnam – A sourcing agent assists a company with the process of locating sources for products and supplies at low prices so the company can save money on production. Sourcing agents in Vietnam may represent a single employer or could run a business that serves a number of companies. The work can require knowledge of multiple languages as well as a good business sense and coordination skills. Read more

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ODM Vs. OEM:

Vietnam Manufacturing Sourcing – You’ve probably seen the terms “ODM” and “OEM” before. And chances are, wherever you’re sitting right now, you’re within arm’s reach of several ODM and OEM products. Understanding these terms and the difference between them is an important step in setting yourself up to be an importing entrepreneur. Original Design Manufacturing ODM, or original design manufacturing, is also also referred to as “private labeling.” This is where an importer selects an Read more

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