3 essential steps to protect yourself when buying from China

We are getting close to making decisions on large quantity and large dollar value transactions with several companies in China. We are concerned with protecting ourselves financially to send full payment before we receive our products. We are concerned about fraud as well as quality control of the product. What ways can we protect ourselves?…

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Useful Fakes Abound Too

Fakes From China

China is fraught with fake parts.  That’s not always a bad thing that will ruin you. Sometimes it will save you money because it works well enough for your needs and is readily available. Two of the components for my product (the DigiTally, a portable electronic scoreboard) are DC/DC voltage converters (one at fixed 3.3V…

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Supplier refuses to ship out goods after payment

We placed an order to a supplier and paid him a deposit and the balance. After getting the balance payment the supplier refused to ship out the goods. Now he offers to return only 50% of the PI amount. How can we get him to return the total PI amount back? ANSWER: The following blog…

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Supply Chain Finance Options leading into the New Year

The Global Financial Crisis (GFC) was a financial wake-up call for businesses. In countries like Australia, New Zealand, the UK, the USA and the like, where debtors rarely settle their debts within the standard 30 days from invoice terms, cash flow pressures can be especially acute.  The GFC saw many business owners left financially exposed…

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