LONDON--(BUSINESS WIRE)--When choosing where to source products from, China is one of the first locations that comes to mind. China offers companies looking to source goods a variety of benefits which is why the BizVibe platform has put an increased emphasis in helping companies find the right overseas partners from countries like China.
BizVibe is home to millions of global businesses including nearly 150,000 from China, and uses machine learning tools and several sophisticated algorithms to match companies with like-minded partners. Register today to connect with over seven million companies around the globe, including those in China and take advantage of the sourcing benefits provided from these countries.
How Sourcing From China Can Help Your Business
One of the country’s main draws: the cost of labor is substantially lower than in western countries. Depending on how labor-intensive the product is, the cost can range from 30% to 80% cheaper. Outsourcing also means not needing to invest in training or equipment for new employees, which also saves time and money. While labor costs in the country have risen in recent years, they still present significant savings.
China has an abundance of resources such as steel, aluminum, and rubber. These resources are also cheap, which can further reduce costs compare to manufacturing in other locations. The country has developed a strong industrial base, allowing it to offer affordable materials as well as expertise in working with them.
Despite the general impression of Chinese goods being inferior, there are many factories capable of doing high-quality work. It may require some investigation to find one that is the right fit, but it is absolutely possible to produce well-made products in the country. The type of product is also an important consideration, however: low-complexity goods such as textiles may be easier to make well than electronics are. As in any endeavor, research is essential to finding a reliable business partner.
Exposure to new markets
Working with Chinese manufacturers can provide more familiarity with that market, leading to greater expertise in foreign markets and to more business opportunities. China can also be a gateway into the greater Asian market, which is growing immensely. Entering new markets in this region can grow one’s business substantially.
BizVibe is home to over 7 million companies, across 200+ countries, covering all sectors. The BizVibe platform allows you to discover the highest quality leads and make meaningful connections in real time. Claim your company profile for free and let the business come to you.
BizVibe is home to over seven million company profiles across 700+ industries. The single minded focus of BizVibe’s platform is to make networking easier. Over the years, we've searched far and wide to figure out how businesses connect and enable trade. That first interaction is usually fraught with the uncertainty of finding a potential partner vs. a potential nightmare. With this in mind, we've designed a robust set of tools to help companies generate leads, shortlist prospects, network with businesses from around the world and trade seamlessly.
BizVibe is headquartered in Toronto, and has offices in London, Bangalore and Beijing. For more information on the BizVibe network, please contact us.