Resolving global shipping delays may take a while Rates are expected to continue to rise and remain above the pre-pandemic levels. This means businesses can expect to pay these higher prices in the long term. Why Are the Prices Going Up? One of the reasons you can expect to see the prices...

"If everyone is moving forward together, then success takes care of itself." When Henry Ford uttered those words, do you think he knew the effect he would have on the manufacturing industry? While the quote brings to mind images of teamwork and striving towards a mutual goal, reading it knowing...

The skyrocketing price of shipping goods across the globe may hit your product's cost sooner than you think - Transporting a 40-foot steel container of cargo by ocean from Shanghai to the west coast now costs a record $12,623, a whopping 600% higher than the seasonal average over the last...

The producer price index for China rose to 9% in May, which is the fastest increase in production costs since 2008. It was then that the index rose to 9.13%. Gan Jie, a professor of finance and an academic director for MBA programs at Cheung Kong Graduate School of Business; expressed: “These...

Needless to say, every industry has been massively affected by the COVID-19 global pandemic. Coming seemingly out of nowhere, most companies have had to adjust their business strategy in order to stay afloat. Just because a disease reared its ugly head did not mean the world could continue to...

“China has focused its efforts on outsourcing low-tech products to manufacture technological products, in the recent years; that are no longer affordable in China.” “Technologies that will be outsourced by the year 2025”? Electric cars Semiconductor Airplanes Medical...

We are luckily in an economic incline that has unemployment at a new time low. With business doing well, you as a business owner might be thinking about expanding. You’re doing well and you have orders coming in that require a larger range of inventory. Rather than looking for a bigger...

China sourcing alternatives in Asia Malaysia India Thailand Indonesia Vietnam US manufacturers are moving production from China to other countries, with trade tensions between the two largest economies in the world entering its third year. Manufacturers of Cro ...

China has been nicknamed the "factory of the world" for a reason, businesses from all over the world have already realized that in order to streamline, sell at a greater profit and reduce costs to a minimum, one must turn to China. In the past decade, China has positioned itself high on the...