Midco, with a long experience in the retail industry and a strong expertise in sourcing, procurement and supply chain management, assists customers in Europe to initiate, develop and maintain a strong and sustainable business with manufacturers in Asia.
“Trends, like horses, are easier to ride in the direction they are going”, John Naisbitt wrote in his bestseller Megatrends.
The trend now is sourcing and purchasing from low labour cost countries like China!
As trade globalisation gains space, sourcing from far away countries and new suppliers increase. Organizations increasingly find that they must rely on effective supply chains, or networks, to successfully compete in the global market and networked economy.
When foreign companies are sourcing and/or manufacturing in China, they may face unique challences, such as language barriers, communication problems, cultural differences, handling of payments, product quality issues, logistics and shipping as well as general trade flow problems.
Finding capable, reliable and trustworthy manufacturers and suppliers in China who can consistently supply high quality goods at competitive prices is a daunting task. Establishing and maintaining good business relationships with them - which is essential for succesfull business in China - requires enormous effort, patience and time.