Pros and Cons for 5 Yiwu Sourcing Options

By www.AmandaIEC.com professional yiwu 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 Related: AmandaIEC: China Liaison Services