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Companies have been looking globally for low-cost nations for many years to provide them with appealing sourcing strategies and cost-saving possibilities, and it has never been more pertinent than now. With the exponential rise of fluctuation, rising labor, rising energy prices, and skyrocketing transit costs, finding cheaper, alternative growth options is critical.
Many businesses have historically turned to Asia for attractive production at some of the lowest costs in the globe. Asia is a varied area with many high-cost countries, such as Japan, Taiwan, and Singapore (to name a few), but it also has a large number of developing economies, such as Indonesia, Vietnam, Thailand, and India.
When looking to branch into the international market and secure overseas suppliers, most people run into the following obstacles:
Understanding the local market and the real expenses of the supplier chain is critical for success. The same is true when it comes to negotiating the best rates for products and services.
Exploring a new market without a safe and optimal framework can make sourcing the right goods difficult.
Many companies encounter significant challenges when doing business abroad due to language and cultural differences. From standard conversation to business decorum, having the right representative on the ground is always advantageous.
However, there have been a number of instances where businesses have been unable to meet their target volume due to communication problems, an inability to manage the supply chain network, and a plethora of other unforeseen problems that may arise. Certainly, the potential for cost savings is a very alluring quality to global sourcing.
Don’t fall into the trap of believing that, without the necessary training and support, breaking into a foreign market can be done cheaply. The possibility of cost savings causes many business owners to become so preoccupied that the idea of paying for an Asian sourcing firm feels like a needless expenditure.
The truth is that there is a way to work with a reliable, reputable, and skilled sourcing firm while also substantially reducing your product sourcing costs.
We can offer you global sourcing solutions that have been demonstrated to increase product quality, lower operational and inventory carrying costs, and ultimately take our client’s business operations to the next level thanks to our decades of sourcing experience, particularly in the Asian market.
There are a lot of global sourcing firms in the world, and many of them claim to be knowledgeable about a broad range of various fields and industries. However, one of the things that sets us apart from many of our rivals is our interest in market intelligence.
Instead of just matching our customers with appropriate suppliers, we search for the ideal match. You can think of us as a kind of matchmaking service, but instead of assisting people find true love, we assist companies in forming alliances that will lead to rapid expansion.
So, why choose Trans Oriental Products as your chosen Asian sourcing company?
• We can help you identify the most suitable products for your business.
• Secure the best possible pricing and payment terms from the most attractive suppliers.
• Choose and test from multiple suppliers’ samples to help you find the best fit for you.
• We will take care of all your logistical and administrative requirements.
These are just the tip of the iceberg. At Trans Oriental Products we pride ourselves in providing our clients with full-service solutions. We don’t just hook you up with quality suppliers and good deals, but oversee the entire thing. From quality control and site inspections, to keeping the flame alive and ensuring that you have the best possible business relationship with your new-found suppliers, we’ll make sure that everything runs smoothly and is bound for continued success.
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