Sourcing in China
Two specialists provide advice on what issues to be aware of and what precautions to take when considering sourcing from the PRC.
Issue: March 2011
Keywords (click to search):
sourcing
Akin Gump
Tian Yuan
I’m a buyer for a North American retailer and will be sourcing from China for several of our products. After some negative stories I’ve heard from peers in my industry, I feel I have to be very careful about finding the right supplier. How should I get started when looking to source and what should I be mindful of? Are there any special arrangements, strategies, or sourcing models I should consider? In general:
How do I initiate sourcing from China?
The international perspective
To start with sourcing from China, a proper local manufacturer is indispensable and it is advisable to conduct due diligence on the local manufacturer. The key areas of due diligence should include: 1) who is the owner of the local manufacturer; 2) whether the local manufacturer has the proper right to use the relevant land and factory building or buildings; 3) whether it owns the...
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