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In 2013, the president of China, Xi Jinping vigorously announced the most ambitious plan ever proposed by any country. It was, of course, the One Belt, One Road Initiative. The momentous plan seeks to reinvigorate the Silk Road for modern times. The belt portion of the plan is a land route that retraces, in large

It is no secret that labor costs in China have been rising at an intimidating rate over the last several years, but China still holds power as the manufacturing powerhouse of Asia. Chinese manufacturing is responsible for around one-quarter of total global manufacturing, and this gives it a few unique advantages. China’s dominance in manufacturing

Selecting the right supplier can make or break your business. While finding a reliable partner might seem straightforward, there are several pitfalls that can derail your procurement process. Here are the key mistakes to avoid when choosing a supplier, ensuring you make the best decision for your business needs.   1. Neglecting to Assess Supplier