There is one reason and one reason only that decision makers elect to have products manufactured in China and that is cost savings. Assuming that manufactured costs are lower in China due to labor savings, there are many other cost levers to consider when manufacturing offshore in China. Here are the top five: 1. Freight […]
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About David Alexander
This author has yet to write their bio.Meanwhile lets just say that we are proud David Alexander contributed a whooping 60 entries.
Entries by David Alexander
We’ve all heard the term “he could sell ice to Eskimos” to describe the consummate salesman who is able to convince someone to buy something for which they either have little need or likely have ample supply on hand. Or perhaps we’ve heard “he could sell them the shoes off their feet.” In either case […]
As a company plugged into the ecosystem of New Product Development we are fortunate to see a new idea for a great product almost every week. Admittedly some fall into the “Why didn’t I think of that” category while others seem more limited in potential. In both cases there is one key element missing 95% […]
“The good news is there are competent firms in place to assist in your project management initiatives.”
As companies weigh the pros and cons of working directly with a factory vs. dealing through an agent for their China sourcing needs there are many points to consider. Top 10 Pros and Cons 1. The scale or dollar volume purchased annually. (I published an article in M&A Magazine which argued it requires $40-$50MM in […]
Anything is possible in China but nothing is easy” is a quotation found on the Baysource web site www.baysourceglobal.com . Many companies go it alone when embarking on an outsourcing project for the first time. Commonly, purchasing personnel will rely on web and email correspondence when initiating a sourcing project in China. Small and mid […]
In our four part series dedicated to new product developers, innovators and inventors, we explore the 8 top considerations when developing a new product. So far we have covered: Product Development Costs Distribution Channels Inventory and Startup Financing Capital Educating the Masses How will you announce the arrival of your new product to the world? […]
In our 4 part series dedicated to new product developers, innovators and inventors, we explore the 8 top considerations when developing a new product. Whether a seasoned marketing professional or first timer, these eight critical components include aspects related to product design, positioning, manufacturing, distribution and financing. What You’ll Need to Start: Ample Capital Beyond […]
Many have asked me what it’s like doing business in China. I’ve always said that if you are doing it by yourself it can be as dangerous as swimming with croccodiles. I finally came across a photo that captured the essence of this concept.
What is something you can think of that can’t successfully be outsourced in China? Think long and hard about this. Resist the temptation to veer toward intangibles or time sensitive services with obvious geographical barriers such as a haircut or plumbing repair. What product theoretically cannot be manufactured in China? How about a portrait? I […]