Inflationary forces have the ability to erode long-term progress in international trade and established quality standards. Inflation is in full swing in China. A few weeks ago with little fan fare, the PRC canceled a leading inflation indicator, the Property Price Index. In China today (March 2011), inflation is easily seen at the gas pump [...]
Death to the professional buyer!
Pursuit of quality in manufacturing Conventional wisdom suggests buying direct from a manufacturer is the best way to achieve the lowest cost. This is a perception that continues today. However, we are now exporting from unregulated countries into fiercely regulated ones. There are significant front and back end risks with remote control transactions in unregulated [...]
Top 5 Mistakes in Hotel FF&E Procurement in China
Top 5 Mistakes in Hotel FF&E Procurement in China 1. Buying off the internet from a factory you have not qualified! (see the plant, meet the management and gage against what they said when you contacted them… if they start with a liberal use of the truth, then it’s an indication) 2. Going on Price [...]
Protect Your Company in China (Best Practices)
Axis Industrial Ltd. Below I have listed some general China based concerns and a layout of how to protect your interests in the region. These are of course broad strokes and I look forward to your input. Axis can be the platform from which your company can secure a durable supply base in China and [...]