In today’s global marketplace, there are a huge range of product sourcing opportunities outside of China that minimize product tariffs. However, selecting the right manufacturing location for your product and business requires a strategic approach to ensure success.
When considering the transfer of product sourcing, manufacturing or selecting an alternative supply base, there are several key factors that should be taken into account:
- Tariffs and Duties
- Resource Capability
- Raw material sourcing
- Shipping lead times
- Shipping costs
These variables can differ significantly from one country to another, and are influenced by the type of product being manufactured. Whether you are sourcing apparel from India or electronics from Taiwan, the success of shifting production from China hinges on choosing an alternative manufacturing base that specializes in your product category.
Many governments worldwide offer free economic zones where manufacturers can import raw materials and export products tax-free. By selecting the right country and region for your production , you can minimize tariffs, optimize access to raw materials, and leverage established infrastructure to ensure a stable, efficient supply If you would like to know more about Bellson Global can help with global supply chain optimization contact us: info@bellsonglobal.com
