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The Chinese market is fraught with many challenges. Your knowledge of how a supplier is dealing with them is vital for long-term ties. So here are the tips how you can deal with the problem.
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China has been the hub of International trade. We all have ideas of the challenges faced by suppliers in China. A knowledge of the challenges faced by your supplier is often ignored, but nevertheless crucial in importing goods from China. Knowing and Dealing With Challenges Faced by Chinese Suppliers
Here are the greatest challengesfaced by suppliers • COMPETITION • COST CONTROL • TECHNOLOGY INNOVATION
COMPETITION • Improving quality • R&D • Changing the product design • Differentiation
COST CONTROL • Using scale economies to reduce costs • Improving production efficiency
TECHNOLOGY INNOVATION • R&D • Talent recruitment The technology changes that require a quick response with a product and a low selling price.
So Evolving with the demands would mutually benefit both the parties. However, if your Chinese counterpart is reluctant, even in the face of a few challenges, you could use it to your advantage in negotiations. Or find someone wiser!
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