sourcing Archives - 247 OnPoint Logistics

US-China Trade War Reshaping Global Economy

Yuliana Yershova — Mon, 01 Jul 2019 09:22:13 +0000

As a result of the ongoing trade war between the US and China, we expected data to show that imports from China had dropped and affected companies are relocating production back to the US. In reality, Chinese exports are not dropping, and production is not returning to the US but rather it is moving to places like Vietnam, India, Mexico and Thailand. The Numbers Before digging deeper into this phenomenon, let’s look at the chart below, compiled by the BBC, to get a grasp of the magnitude of the tariff situation. Painful Start To The Transition That doesn’t mean

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Sourcing Company vs. Trading Company – Similar Yet Very Different

Yuliana Yershova — Wed, 08 May 2019 09:20:45 +0000

In many cases, it is difficult to say in what ways a sourcing and trading companies differ. And people often mistakenly believe that they are the same. There is a fine line between the two, but it so fine that it is almost impossible to detect. And although many of their elements overlap, it still does not mean that the two terms can be used interchangeably. Sourcing Company Sourcing services can be provided both by a company and a single person acting on your behalf whenever necessary, be it imports from China or any other country you might need to

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