Renaud and Adrian talk about the different ways to follow up on production once you’re working with a Chinese supplier who’s developing and/or manufacturing your products.
You can either be hands-off or hands-on, and both have their positives and negatives as you’ll find out in this episode.
Most entrepreneurs and SMEs who’re developing a new product will really benefit from taking control and being more hands-on…don’t say we didn’t warn you! 👍 😉
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- 00:00 – Greetings & quick mention of Covid in China
- 01:42 – Introducing the topic: How closely to follow production?
- 02:41 – What is a hands-off buyer?
- 08:33 – Buyers who should be more hands-on, but aren’t, and the risks they face
- 11:29 – What is the typical sourcing process for hands-off buyers?
- 17:59 – What is a hands-on buyer?
- 23:32 – Benefits of being hands-on.
- 30:06 – Is there a risk of the supplier taking advantage of long-term customers who’re reliant on them?
- 35:10 – Wrapping up.
- Part 1: Good Fit, Sourcing, Vetting, & Backups [Podcast]
- Part 2: Negotiations, Terms, Leverage, & Quality Standards [Podcast]
- Part 3: Project Management & Checking Quality Early [Podcast]
- Part 4: Final Inspections [Podcast]
- Part 5: Building Rapport [Podcast]
- New Importer from China? Beware the Credulous Foreigner Syndrome!
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