Dealing with suppliers is perhaps the most challenging part of sourcing. It’s where your negotiation skills are put to the test, and the outcome can have enormous repercussions for your business. Here are five practical tips for successfully negotiating with suppliers and handling the situation when they throw curveballs at you. Communicate with suppliers In […]
As global supply chains hit the bottleneck amid the COVID-19 pandemic, the gap between supply and demand of personal protective equipment or PPE, medical devices and testing kits is widening at an accelerating rate. Buyers are racing to find surgical masks, face shields, goggles, gloves, body suits, thermometers, respirators, and laboratory and ICU equipment fast […]
Despite delays in high-end TV, computer and gaming device releases as a result of the COVID-19 pandemic, HDMI 2.1 remains the next big trend. In the HDMI interconnects sector, makers in China are confident the shift to the latest specification will happen. Gearing up for this, more are expected to emphasize the development of compliant […]
Remember that old T.V. show The Dating Game? A bachelorette could choose to go on a date with one of three bachelors who were hidden from view. After a brief Q&A session, the chosen bachelor was revealed and the bachelorette would join him on a date.
By Dan Harris In both my speeches on product outsourcing and in my discussions with clients, I always emphasize the importance of visiting your Chinese manufacturer. In my speeches I do it by first showing a Powerpoint slide of what looks like a great facility, maybe something like this: