Procurement is a dynamic facet of business operations that is influenced by a number of external factors — many of which are beyond a company's control. For procurement teams, being able to quickly react and adapt to these external factors is key, especially when uncertainty lies ahead.
As we approach 2024, the intricate dance between technology, sustainability, and resilience will shape the future of supply chains. This blog post unveils the top supply chain trends that will redefine the industry going forward; from the continued integration of advanced technologies to the growing emphasis on ethical practices, these pivotal shifts will have a big impact on logistics, procurement, and distribution strategies.
Topics: Consumer Electronics, Industrial Goods, Product Inspection, Textile Products, Acceptable Quality Level (AQL)
The Chinese New Year is an annual event that carries significant implications for businesses that rely on inventory from China. Understanding and preparing for the potential disruptions caused by the 2024 Chinese New Year is crucial for maintaining the quality and efficiency of your supply chain. In this blog, we'll explore the impact of the Chinese New Year on businesses and provide tips to help you navigate these challenges effectively.
If you source your brand’s products from Chinese manufacturers, it's important to be aware of the Lunar New Year (also called Chinese New Year) and how it will affect your supply chain. During the 2024 Lunar New Year, which falls on February 9-15, 2024, factories will shut down, shipping will slow, and product defects may increase. Not only does that create difficulty around the Lunar New Year, but it can also make it more difficult for you to get the inventory you need in the period immediately before the holiday, when some facilities may limit production, and after the holiday, when it takes time for many factories to ramp back up to full production.
It’s no secret that the holiday decor industry is thriving; in 2022 alone, the global market for Christmas decorations was estimated to be worth more than $7 billion (U.S.). With the 2023 holiday season approaching, home decor brands have a golden opportunity to enhance their customers' festivities and secure their spot in this multi-billion dollar industry by producing on-trend home decor products.
The last thing you want as a U.S. holiday decoration importer is to find out your products have been denied by customs, rejected by Amazon, or recalled by regulatory agencies because they didn’t meet the relevant product safety standards. Implementing a robust home decor quality control and testing program can help protect you from these negative outcomes — but how do you know which product safety standards to check for in the first place?
In 2019, approximately half of all light sources in the world were LEDs. That number is expected to climb to 87% by the year 2030.
Topics: Product Inspection, Injection Molding
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