What are the strategies you can follow to combat increasing raw material prices? I tried to come up with a shortlist of 6 strategy approaches that might make sense for you: 1. Basic sourcing: always looking for cheaper suppliers This one makes sense in some industries. Most apparel buyers seem to always be looking for the ‘cheapest […]
by Renaud Anjoran Many productions have been transferred to China over the past 25 years. Some are getting transferred out of China to places like Vietnam or Thailand these days. And, of course, not all Chinese factories are doing a great job, so there is a great deal of switching from one to the next. […]
By Renaud Anjoran A few years ago, I remember reading about the Coolest Cooler, a nice product that raised an amazing amount of money on Kickstarter: over 6,000 people bought it for a total of 13 million USD!! Yet, they went bust leaving a lot of frustrated backers and interested onlookers scratching their heads as […]
By Renaud Anjoran As I wrote before, I believe that a good implementation of ISO 9001 does help a manufacturer quite a bit, while a bad one will only create issues.
By Renaud Anjoran It is easier than ever for foreign buyers to have a manufacturer handle high-mix, low-volume orders, with short lead times. In other words, flexible manufacturing.