By Thomas Neumann
Jul 01, 2022

When procuring or sourcing from overseas, assembly of the standardized parts or components may be a part of the manufacturing process. Sometimes a single factory can handle the manufacturing and assembling of…

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By Thomas Neumann
Mar 31, 2022

Procurement is the process of obtaining the goods your company needs to carry out its business model and fulfill customer demands. It generally refers to the final act of purchasing (buying, acquiring,…

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By Thomas Neumann
Dec 12, 2018

The China U.S. truce has agreed to a 90 day pause in the trade war during the G20 Summit meeting in Argentina. Mr. Kudlow comments on the China-U.S. truce as follows:  The…

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By Thomas Neumann
Nov 28, 2018

The International Chamber of Commerce coined INCOTERMS in 1936, which was revised in 2010. Incoterms are simply international commerce shipping terms. There are 13 incoterms and each one represents an agreement that governs…

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By Thomas Neumann
Nov 22, 2018

New Rail Routes Between China and Europe In 2016  over 500,000 tonnes of freight went by train between China and Europe. Over 311 tonnes to Europe and over 200 tonnes from Europe…

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By Thomas Neumann
Nov 13, 2018

Austria: The hub between China & Europe Austria should become part of the Chinese prestigious project “New Silk Road” and grow by the expansion of freight transport to Asia as the hub…

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By Thomas Neumann
May 03, 2018

How are the new tariffs Trump put on steel affecting the U.S. sourcing business? “The tariffs are likely to keep driving up U.S. domestic metal prices, which have already been on the…

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By Thomas Neumann
Jan 12, 2018

Feburary 16, 2018 The Chinese New Year is the biggest holiday in Asian countries, with companies taking anywhere from two to four weeks off. Production Schedules Chinese factories have packed production schedules…

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By Thomas Neumann
Nov 20, 2017

The advantage is that you have an independent, impartial third party company that will inspect your shipment to your specifications. We have found product quality inspection services to be an excellent way to…

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