THE LATEST UPDATES ON CHINA MANUFACTURING MARKET CHANGES, NEWS, AND IMPACT ON PRODUCTS

The latest updates on China manufacturing market: Changes, news, and impact on products

Despite increased competition from rising low-cost supply chain locations, China's industrial advantages continue to be a strong and enticing lure. However, for the novice importer, outsourcing production from China might look hard and time-consuming. You will have to make selections that demand serious thought in order to pick the finest outsourcing partner. Here are the most crucial things to think about while researching and qualifying Chinese suppliers. It comes as no surprise that many business gurus appear to be turning to Chinese enterprises for a variety of reasons.

Because of the vast number of items created and sold globally, China is frequently referred to as a manufacturing hotspot. Although some may believe that the popularity of Chinese items is due to cheaper labor costs, there is much more to it. China has developed as a global industrial powerhouse as a result of its strong internet business environment. China's online business ecosystem of networked suppliers, distributors, and component makers has grown, making the country a more cost-effective and efficient place to create things.

Read More

2021 supply chain and logistics trends

4 Supply Chain and Logistics Technology Trends in 2021

supply chain trends2020 was probably the toughest year for every industry and individual. The global COVID-19 pandemic brought in an unprecedented wave of disruption. One of the worst affected was the supply chain and logistics sector. 

Despite the challenges, however, the industry managed to sustain growth. Data shows that the global supply chain management market is expected to grow from $23.2 billion in 2020 to $41.7 billion by 2026, at a CAGR of 10.3%.

Technology helped the global supply chain and logistic industry to keep up with the rapidly changing consumer behavior. The sudden surge in online shopping was a wake-up call for many, even for industrial hardware suppliers. It fueled the rapid adoption of technology in the first half of 2021, which is likely to endure in the coming months. 

Here are a few supply chain and logistics technology trends you can’t miss in 2021.

Read More