There are many types of importing businesses. Some sell in their own brick & mortar stores; some sell predominantly on Amazon; others act as wholesalers; and so on. And what is the best way to raise the value of those businesses? In general, it comes down to ensuring a differentiated and defensible offer. … [Read more...]
Technology Readiness Levels: A Better Product Development Framework?
Does the Technology Readiness Levels framework (TRL) developed by NASA make sense for your product development situation? Let's compare it to other development frameworks, including medical devices and consumer electronics, to see how the TRLs are related and helpful as milestones to focus on during the development process. … [Read more...]
Who’s liable for product safety, buyer or manufacturer? [Podcast]
In this episode… Renaud Anjoran is joined by two guests in this episode, Clive Greenwood and Andrew Wilson of WWMG associates, and they're going to get to the bottom of who is liable for product safety issues. Some importers work with manufacturers in China and make certain assumptions about their level of liability, especially if the manufacturer has been involved in product design and development. It depends on a number of things, such as who has the design authority and who issues the design … [Read more...]
Manufacture in China, Get Your Product Copied? Not That Simple.
There are many examples out there of companies that got in big trouble because of their suppliers in China. In many cases, a supplier got very tempted to start selling the same product on their customer’s market. As a result, people who are designing and developing a new product are often reluctant to plan for manufacturing in China, even when the difference in cost will obviously be massive. … [Read more...]
Is It Beneficial To Be First To Market With Your New Product Idea? [Podcast]
In this episode... A recent China Law Blog article questions the wisdom of rushing out your innovative new made-in-China product in order to 'beat the copycats' to market. While there are some situations where this may have some merit, sacrificing IP protection for speed seldom makes sense as you'll find out in this episode. What are the benefits and are they outweighed by the risks? What should you do to protect IP? When is the 'right time' to go public with your exciting new product and … [Read more...]
Navigating The Product Design and NPI Maze For New Products [Podcast]
In this episode… You've got an idea for a unique new product! Amazing! Now you need to develop that product concept, design it, test and validate it, and much more before finally going into mass production and bringing it to market. You may think that this is a linear process, but in fact, it's more like a complex maze and you may take many twists and turns. Renaud Anjoran is joined by experienced British product designer Andy Bartlett to explore this NPI process and the best practices … [Read more...]
Developing a New Product? Think of Information Security Management.
More and more prototyping companies who routinely work for large companies have gotten certified to ISO 27001:2013 (*). If you have been scratching your head about what this standard about information security management entails and what it means for you, let me try and help clarify this topic. Here are three aspects that you probably want to check: … [Read more...]
Getting To Grips With Non-Recurring Engineering Costs (NRE) [Podcast]
In this episode of the podcast, we discuss Non-Recurring Engineering costs for manufacturers. As the name suggests, these costs are usually one-off and are what it takes to get your product into production. These costs are perhaps better known as R&D costs, and it's important to get to grips with them as they have a great impact on your product's sale price, as well as the feasibility of manufacturing it in the first place. It's fair to say that the NRE costs often turn out to be more … [Read more...]
Prototesting: Reap All the Value of Proof of Concept Prototypes
Many of our clients design their own products. And we typically don't get involved in the initial concept/ideation phase. That's clearly not our competence, nor our offer. However, we are often invited to ask questions about their new product idea, to test if their concept is manufacturable, to confirm it won't be extremely hard to develop, etc. And we see the same patterns, over and over. Many people don't talk a lot to potential users/customers when planning for the features. They don't … [Read more...]
What Is Compliance Testing? [Podcast]
Why is compliance testing so important for buyers who import products from China? Compliance testing helps assure your product's compliance with your market's product and safety standards. By conducting such testing, you'll be testing whether the product is safe for consumers under normal use, doesn't contain hazardous substances above acceptable levels, and won't be restricted from being imported. Because importers are usually held responsible for any safety problems caused by … [Read more...]