Renaud hosts and is joined by Fredrik Gronkvist, founder of Productmkr.com, to discuss near-sourcing from Europe + Turkey (and Mexico for North American buyers) VS buying from China. Fredrik has done a lot of research on how to source from China alternatives and he now offers a supplier database for subscribers to help make finding the right option easier. Here he shares his advice on near-sourcing and how it differs from the traditional approach of buying from China.
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Episode sections
- 00:00 – Greetings and introduction.
- 04:14 – What are the key challenges importers face when near sourcing?
- 08:14 – How to improve your chances of receiving a response from non-Chinese suppliers?
- 11:04 – What is the impact of near sourcing on MOQs and lead times?
- 17:03 – Does near sourcing reduce quality and compliance risks?
- 22:40 – Does it make sense for all types of products?
- 27:23 – Is the process of identifying and screening potential suppliers in Europe/Turkey the same as in China or Vietnam?
- 32:19 – How should buyers approach sourcing from nearby countries? (Summary)
- 33:24 – Wrapping up.
Related content…
- Read Productmkr.com’s analysis: Manufacturing in Europe vs China: A Comparison
- Nearshoring To Mexico. An Alternative To China?
- India Gaining Popularity over China as a Near-Shoring and Sourcing Destination
- Globalism 2.0: North American Importers To Move Supply Chains Out Of China Soon?
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