Not many business owners survive the challenges that come with being an importer. In this article, we will share 5 major reasons many importation businesses fail.
Despite the challenges a lot of foreign investments face, a lot of existing FDIs have overcome the challenges of doing business in China and have had a strong presence in China. Here are some strategies have proven very effective in combating the challenges.
Every year, many foreigners try to do business in China. The reason is not far fetched, considering that China has the highest spending population of middle class – about 800 million middle class population are in China. This urbanization, migration and economic development of the new middle class call for businesses to serve the new emerging market.
Globalization won’t be complete today without mentioning the critical role that China played in making it happen. I like to think that all these may not have been possible if
Guanxi is an cultural phenomenon for having a personal network in China. This loosely translates to building a network of personal relationships that operates on trust, devotion and commitments between parties. For many years, this cultural phenomenon has shaped the way businesses are done in China and this is because the cultural values.
Consolidated shipping is a method of shipping where a consolidator or importer combines individual LCL (Less Than Truckload) shipments from different shippers into one full container shipment. Participating in consolidated shipping earns the shipper preferred rates. When the full container shipment reaches its destination, the shipments are then deconsolidated (separated) into their original LCL shipments and then sent or given to respective owners.
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