How Importing From China Could Save Your Business Money?
The current economic uncertainty has led many businesses to explore new horizons in efforts to reduce costs. Whether that means small changes, like reviewing suppliers, or more wholesale shifts, such as staff redundancies, companies are more aware than ever of the need to keep costs down.
When it comes to lowering overheads, many companies may look to outsource services or review current processes to see where costs can be lowered. But rather than taking drastic steps that could impact the future growth of the company, including of course downsizing the business or selling assets, why not see if there are more sustainable options available?
If you are in any industry that requires a good deal of exporting of goods and materials, you’ll be fully aware of the costs that are involved. Not only do you have to consider the payments for the items, but also postage, handling fees and tax. All of this can really start to add up.
So why not look beyond these shores for those very same goods? Numerous countries, particularly in Asia and Eastern Europe are able to manufacture the same high quality items for a fraction of the costs in this country. Whilst staffing costs are clearly lower, so too are the taxes and other levies imposed by their governments, helping to keep prices at rock-bottom.
So What are the Drawbacks?
Well, surprisingly few actually. Of course when you outsource any service or hire a new supplier there are concerns over the relative quality when compared to existing services. In the most part, if your processes are properly overseen, this shouldn’t be an issue.
China is one of the largest manufacturers of goods today, so they are a popular choice for many UK and even US firms. Unfortunately though there are geographical boundaries to contend with. You can’t just do a quick site visit or spot check the quality of goods. Equally, there will be a slight time delay in receiving your order, particularly when compared with a supplier based just up the road.
But even with these issues in mind, there are always solutions. The manufacturing might of China enables them to produce goods in all materials in double quick time, negating much of the delay in delivery. Also, there are a number of British-based businesses who specialise in helping companies make contact with the most suited firms. So regardless of how specialist your items are, you can find a manufacturer able to take on the challenge and deliver goods of a high standard.
These negotiators can often be key to successful trading overseas. In all likelihood you have never done any substantial importing of goods from China, let alone have a grasp of the language. So to avoid such complications, you can bring in experts who are knowledgeable in the field and have the experience to oversee each order and ensure that there are no communications breakdowns throughout the process.
Whilst these services will charge a fee, the savings that you make on the bulk import of goods from China should more than cover this and still leave you with an impressive profit margin. Whilst you may find it difficult to take your business away from long-term suppliers in the local area, the sums you save could well help to ensure the long-term success of your own business.
So whatever industry you’re in, if you need to source big volumes of professionally crafted products and materials, make sure you consider importing from China. It might well be the best investment you make.
Author Bio: Vincent Rogers is a freelance writer who recommends ChinaSavvy, China sourcing experts who offer product importation services for those who just need sourcing for an existing product from a Chinese supplier or a complete China manufacturing solution
Category: Business
Keywords: Importing from China,China Imports,Import Services,China Sourcing,Save Money