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In some instances most of the big box or clothing stores you frequent have an inventory almost entirely made up of their own products under their own brand or multiple unaffiliated brands. This is not just a game for the big boys, this can be accomplished with the same everyday products under your own company¡¯s label. Welcome to the club, we are about to pull back the curtain to reveal what you need to know in developing your own private labeled line of products.
Take notice that every manufacturer has its own guidelines, requirements and procedures for producing a private label product. Not all manufacturers offer this service or have the capability to laser-etch/carve logos etc. The first step is to source the product you like and then follow-up with the manufacturer opening a dialog about private label opportunities.
Read the rest of ¡°Private Labeling & Criteria for Selecting the Right Manufacturer¡± or post a comment
January 21st, 2008 by China Business Success Stories
By Marshall Taplits
China has been trying to stem an ever growing trade surplus, manage domestic inflation, move development from the coastal areas to the inland areas and decrease its dependence on heavily polluting industries.
Because of these objectives, manufacturing in China is becoming more expensive as China adds in hidden (and sometimes not so hidden) costs into the sourcing equation.
Here are the top 4 reasons you can expect costs to continue to rise in 2008:
1. Reduced VAT Refund
When Chinese manufacturers purchase goods domestically for use in manufacturing, they pay a VAT (value added tax). For people in the United States or others who are not familiar with the term VAT, it¡¯s essentially a sales tax. Historically, the Chinese government allowed for generous VAT refunds if the final manufactured product is for export. However, as of July 1, 2007, China has changed its refund formula. Many products have had their VAT refunds completely eliminated and many others have been reduced. Since Chinese factories typically take these VAT rebates into account when calculating profit margins, the reduction or elimination of them is likely to¡¦ Read the rest of ¡°4 Reasons Sourcing from China will be More Expensive in 2008¡È or post a comment
December 12th, 2007 by China Business Success Stories
Sourcing to China can be cost effective, but if something goes wrong, it could have a dramatic effect on your bottom line — and negatively impact customer opinion of your business. Can we trust domestic producers and distributors to control quality with fervor equal to their pursuit of low wages? Cheap labor is the easy part; the quality thing is a much tougher nut to crack.
Read the rest of ¡°Is Sourcing in China Safe?¡± or post a comment >>
December 12th, 2007 by China Business Success Stories
By Rebecca A. Morgan
Sourcing to China can be cost effective, but if something goes wrong, it could have a dramatic effect on your bottom line — and negatively impact customer opinion of your business. Can we trust domestic producers and distributors to control quality with fervor equal to their pursuit of low wages? Cheap labor is the easy part; the quality thing is a much tougher nut to crack.A product recall is a very visible and expensive sign of a serious quality problem. The life threatening potential of some problems long ago led American government and producers to develop recall and reverse distribution systems.
For the most part we¡¯ve become good at figuring out which product is at risk, where it went, and executing the recall process with limited harm to life. But lately faith in American product-based businesses has been shaken by the apparent lack of due diligence in assuring low-wage Chinese suppliers meet the same standards as our own. Read the rest of ¡°Is Sourcing in China Safe?¡± or post a comment