article thumbnail

Two Types of China Sourcing Agent You Need To Know

Sourcing Captain

When it comes to sourcing products from China, it’s important to understand the two types of China sourcing agents available in the market. Individual China Sourcing Agent VS China Sourcing Companies The first type of China sourcing agent is the individual sourcing agent.

Sourcing 130
article thumbnail

Global sourcing: Top factors to consider

Sourcing Captain

Today, a large number of organizations resort to global sourcing to reduce their manufacturing costs. However, the decision to globally source should be based on careful considerations. Global sourcing does bring cost advantages, but there are risks that must be evaluated as well. Sourcing agent fees.

Sourcing 130
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Services

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

article thumbnail

Navigating the Differences in Work Weeks and Wages When Manufacturing in Mexico

Ivemsa

Understanding how to navigate operating in a foreign country often requires a learning curve many manufacturers aren’t prepared for. Though Mexico is known for its robust industrially skilled workforce , there are several labor standards and regulations companies should be aware of in advance. and other countries.

article thumbnail

Looking for Skilled Manufacturing Labor? Look to Mexico

Ivemsa

However, manufacturing in Mexico requires a spectrum of roles ranging from entry-level to managerial. and other foreign companies manufacturing in Mexico need to know what it takes to stay competitive. As more foreign manufacturers are struggling to find skilled labor, Mexico is becoming a central part of the solution.

article thumbnail

Mexico Shelter Manufacturing Services Defined

Ivemsa

When manufacturing in a foreign country, there is a lot of behind-the-scenes work necessary to help companies understand costs and logistics leading up to the official launch. and other foreign manufacturers. Site Selection – Analysis of facility location , available labor pool, and vendor sourcing. Standalone Operation.

article thumbnail

How Foreign Manufacturers Use Mexico’s IMMEX Program to Their Advantage

Ivemsa

The benefits of manufacturing in Mexico have become common knowledge for most, though few may know about the specific importance of the IMMEX program. The IMMEX (formerly known as the maquiladora) program was established in the 1960s as a way to boost the manufacturing industry in Mexico. manufacturers. Regardless, U.S.