For many years’ companies have looked internationally for low-cost countries to provide them with attractive sourcing strategies and cost-saving opportunities and today, it’s never been more relevant. What with the exponential growth of fluctuation, rising labour, hiking energy prices, and transportation costs going through the roof, finding cheaper, alternate solutions for growth is of the utmost importance.
Historically, many companies looked to Asia, as the region provides a wealth of attractive production at some of the lowest prices in the world. Asia is a diverse region that is home to many high-cost economies such as Japan, Taiwan, and Singapore (to name a few), however, there are also a great number of emerging economies with much to bring to the table, such as Indonesia, Vietnam, Thailand, and India.
When looking to branch into the international market and secure overseas suppliers, most people run into the following obstacles:
A lack of insight
Understanding the local market and true supply chain costs is an essentiality for success. The same applies to negotiating the best possible prices for goods and services.
Exploring a new market without a secure and optimal structure can make it difficult to source the right products effectively.
The language barrier
Language and cultural differences are huge obstacles that many businesses face when doing business overseas. From standard communication to business etiquette, it always pays to have the proper representation on the ground.
Certainly, the cost-saving potential is a very attractive quality to global sourcing, however, there have been a number of cases where companies have been unable to meet their target volume due to communication issues, an inability to manage the supply chain network, and a plethora of other unforeseen problems that may arise.
Don’t make the mistake of thinking that tapping into a foreign market in order to save money is an easy thing to do without the proper expertise and assistance. Many business owners become so focused on the prospect of saving money that the thought of investing in an Asian sourcing company feels like an unnecessary expense.
The fact is, there is a way to cut down on your product sourcing costs significantly, while also dealing with a trusted, reputable, and qualified sourcing agency at the same time.
With decades of experience in sourcing – particularly in the Asian market – we can provide you with global sourcing solutions that have been proven to improve the quality of product, reduce operational and inventory carrying costs, and ultimately elevate our client’s business operations to the next level.
There are many global sourcing agencies in the world, many of which boast expertise in a wide variety of different areas and industries; however, one of the qualities that separate us from many of our competitors is our affinity for market intelligence.
We don’t just pair our clients with suitable suppliers, but find the perfect match instead. You can think of us as a dating agency of sorts, only rather than helping people find love, we help businesses find mutually beneficial partnerships that are destined for strong future growth.
So, why choose Source One as your chosen Asian sourcing company?
• We can help you identify the most suitable products for your business.
• Secure the best possible pricing and payment terms from the most attractive suppliers.
• Choose and test from multiple suppliers’ samples to help you find the best fit for you.
• We will take care of all your logistical and administrative requirements.
These are just the tip of the iceberg. At Source One we pride ourselves in providing our clients with full-service solutions. We don’t just hook you up with quality suppliers and good deals, but oversee the entire thing. From quality control and site inspections, to keeping the flame alive and ensuring that you have the best possible business relationship with your new-found suppliers, we’ll make sure that everything runs smoothly and is bound for continued success.