In This Episode... We explore product development agreements that clarify your expectations, protect your IP, keep leverage over your supplier, provide you with transparency and control over your supply chain, and make it 100% clear who is responsible for what when working with a supplier on developing a new product that is going to be manufactured in China or other Asian countries. Just hit the play button to start listening..! Listen to the episode right here 👇👇👇 🎧 Deep … [Read more...]
The lack of professionalism of some Chinese suppliers
A few days ago, I was invited to speak in a seminar organized by the European Union Chamber of Commerce in China. The topic was "How to collect payments from Chinese suppliers". The first speaker was Javier Hernandez, a lawyer based in Beijing. From his presentation, I realized the main source risk factor is the fact that many Chinese suppliers don't follow what is considered normal business practice in the West. Here are three examples that are very, very common. Surprisingly, most … [Read more...]