Global Sourcing Vs Import and Export
Category: Import and Export | Jan 26, 2010 |
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As is known, Global sourcing is only a business strategy to ensure smoother and cost effective enterprise transformation, accessing new markets using key geographic advantages such as cost differences, labor strengths and time zones. The obvious advantages China business has rests in its geographic location from key markets and major governmental thrust for infrastructural development driven import and export. As we stand today, import and export is driving the whole of China business and with it, the economy.
However, there are contradictory perceptions about import and export from China business rather than global sourcing and nevertheless it’s a controversial issue. Despite this, global is being adapted as a strategic decision; with all its risk/benefit analysis in place. On their part, China and China business houses are surging ahead ironing out issues on the go.
B2B Negotiation makes or breaks Import and export deals in a global sourcing scenario. Business to business sourcing being the current order of any import & export negotiation with foreign trade partners requires a greater understanding of a whole gamut of things including cost structure, banking procedures and cultural differences besides market potential at your end.
B2B on import & export negotiation involves communicating with one another for the purpose of settling down some matter through mutual agreement; thrives on the principles of compromise besides parties making efforts to exchange benefits which strongly supports principles of import and export. If differences and commonalities gain credibility, that B2B negotiation style is considered win-win.
One of the most common mistakes done while carrying out e-commerce is to deal with fake online websites in the name of international trade, import/export or global sourcing and such a mistake just needs common sense to avoid it. For example if an email comes to your account and claims to give you a free product in return for your bank details, just beware of it. Also you could check out the email address if it comes from a strange sort of address it is surely spam mail.
Watch the video related to import and export
China Import and Export Fair,also called Canton Fair, is held twice a year in Spring and Autumn since it was inaugurated in the Spring of 1957.
Help answer the question about import and export
I want to start my own import/export business. I don't have much cash in hand. How do i start?I've studied about the import export terms and have some idea about the trade. But i need to figure out what is the exact procedure to start up, and what all products can i import and export.
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there are people who are exporting andhave just one room office in their house. they don't have any manufacturing unit or any godown, but they surely have the market knowledge and demand of the overseas buyers.
Products like handicraft items, homefurnishing, fashion accessories, arificial & immitation jewelery, cotton bags, rugs & carpets and lot many products are manufactured in remote areas of India and can be sourced from there.
but to choose a product you have to analyse few parameters like which country you want to target & products which have high demand in overseas market…. you can get this details from htttp://www.cybex.in
At this time the Internet is not taxed in the US. You do not need a license to do an online business.
However if you plan to ship books or materials to the students you might have to pay extra. You can get around that by trying to find all your materials somewhere like Amazon.com (get an affiliate acount and you can still get some money off of what the students purchase there). Or, if you make your own materials for the class, consider making them somewhere like CafePress.com so that its a US company shipping them (mention OddThotz as a reference if you create a CafePress shop)
You might check with your bank to see if they have an ExIm department. They can give you some advice on the licensing and provide the necessary Letters of Credit, etc.
I don't know if this site is any good, but it seems to be marketing to you….
http://www.importexporthelp.com/trdspx1.htm
Be aware that there are very complicated export licensing laws and there is a lot of liability for criminal violations if you mess up. But, since you are an accountant, you are probably very detail-oriented.
Try contacting exporters and importers in your area, send an email to sell@epog.org for information
You can't do it unless you have a home base.You need tractors trailers,drivers,you need alot of money to do this.One tractor trailer combination unit alone used would cost you a small fortune.You need a license to open the business, insurance and the list goes on and on.I would venture to say at least $500,000 to get started.You would be better off to be an oo (owner operator) and drive coast to coast.I thought about doing it,and my father drove he said even oo's don't make much $ any more,he told me to drive for UPS one rout back and forth.Really good money.Especially double trailers,like go to NJ,spend the night,drive back,hook,drive back,spend the night,over and over.Depends on where you drop and hook,that's just an example.But it would always be the same rout,talk about easy money,and you work a week then 3 days off,then over and so on.
I've heard this is a good business. You should start getting some information from places like http://www.sitesell.com/salary.html , and just soak in all the information you can. Good luck, and thank me later!
unfortunately, you need connections. i have a the same degree and the only job that i could even get an interview with were sales positions. it sucks that you can't get a job without experience, but you can't get experience without a job! my suggestion is to get an internship in this field during your last semester. if you can't find one in import/export, just get one in another business field. any experience (whether paid or not) is better than none.
good luck!
You don't. That field is covered by regular companies, and if anybody claims they can "set you up" in homebased import/export they are LYING!