The global supply chain model has increased the affordability and accessibility of products manufactured all over the world. Sourcing products in this environment has become a much more complex task than before, and having a handle on the logistics of international trade has never been more vital.
On this episode of the Alibaba.com Sourcing Insights podcast, host Kunle Campbell, Co-Founder of Octillion Capital Partners, speaks with Mike Jackness, President and CEO at Terran LLC, about some tips and tools for staying on top of increasing supply chain complexity.
Some valuable insights from their conversation include:
- 7:15 Coordinating logistics to make the most of suppliers’ geographical locations
- 17:26 Ways to secure lasting relationships with suppliers through clear communication
- 26:15 Coordinating pricing to maximize profit, despite global market volatility
- 29:10 Diversifying sourcing to create built-in resiliency
- 32:33 Ensuring quality control at the supplier level
Beyond managing complex logistics, there are other important takeaways, such as:
- 5:41 The ways that perceived value can impact manufacturing decisions
- 14:15 How to protect intellectual property from competitors seeking to copy design concept
- 31:15 Taking the time to create quality products with noticeable market differentiation
- 32:24 Taking advantage of Alibaba.com’s RFQ feature for pro buyers
Coordinating international complexity is key to maximizing profit and creating a sustainable sourcing model.
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