Over the past ten years, I have heard of many companies getting scammed as follows: They pay a supplier (usually in China) by bank wire (T/T) At one point, the buyer receives an email that seems to come from the supplier (but is … [Read more...]
Sourcing From China 101, Part 6: How To Keep Leverage Over Suppliers
Up until now, I have explained how to find a good supplier and what terms to negotiate from the get-go. But this is not enough. Buyers who are new to China often make a mistake: they trust their suppliers too much. How to keep leverage … [Read more...]