Pros and Cons for 5 Yiwu Sourcing Options

Pros & Cons for 5 Yiwu Sourcing Options

By www.AmandaIEC.com professional Yiwu Sourcing Agent.

Think strategically and consider long-term plans before you pick your path.

1. Source selective components using a Yiwu sourcing agent

PROS: Easy to set up

CONS: Low-cost savings; little awareness of Chinese markets

2. Source products through a representative office in Yiwu

PROS: Hands-on approach and development of local expertise lets you sleep easier at night.

CONS: Increased management demands

3. Establish a global procurement center

PROS: Maximize savings internationally; build deep relationships with PRC suppliers

CONS: Requires good enterprise and communication systems within the company

4. Set up a joint venture or wholly foreign-owned operation

PROS: Production with rapid response; better positioned to capitalize manufacturing enterprise in Yiwu on growing PRC strengths

CONS: Large fixed investment

5. Create a full manufacturing, distribution, and sales network

PROS: In some industries, Yiwu is the major growth market

CONS: CEO or board decision; must have long-term investment and exit plans

Sunday, June 15th, 2008