In early February, I was wondering what effects the lockdown of China would have on importers. And, a few weeks later, importers suffered another (often more violent) blow: stores closed for months, a lot of unsold inventory, and weak demand across many product categories. … [Read more...]
When Should American Companies Reshore Manufacturing Or Stay In China?
In recent times it's very common to see stories about American companies scrambling to reshore manufacturing and leave China and the data seems to support this trend of reshoring or finding other locations. However, I suspect the American companies that moved to China for the wrong reasons originally are mainly the ones who are now reshoring back in the US. Is this the case, though? Let's explore this... … [Read more...]
Buyers of Masks and other PPE: Are You Exposed to Serious Liability?
This is an important warning to all companies that improvised themselves as importers of personal protective equipment during the coronavirus pandemic. Read this before you get yourself involved in a situation that might cause you serious trouble for years to come. … [Read more...]
Requirements To Import PPE: You Need To Go Beyond Certificates
There is a serious emergency right now to procure and import PPE. I know. Manufacturers are overloaded with requests from buyers, and they can't (won't) spend much time responding to requests. I know! Nearly all the importers I talked to were concerned about the manufacturers' formal authorization to sell PPE and medical gear on their market. But very few wanted to go deeper than that. However, as you buy products that are actually intended to save lives, should you throw all proper due … [Read more...]
Verifying Certificates for Masks, Gloves, and Other PPE from China
These days, it seems everybody has jumped on the same 'PPE' bandwagon. In China, hundreds (maybe thousands) of manufacturers have seized this opportunity. Many of them have zero experience in the medical field, or in any regulated industry for that matter. And, all over the world, buyers are looking for personal protective equipment (PPE) and related medical products. Again, a minority of them have a full understanding of the implications of what they are getting into. The … [Read more...]
What the Coronavirus Means for Importers of China Products
As this new coronavirus is spreading at an astonishing speed, it will probably have a much greater impact than what importers expect. … [Read more...]