It’s a great time to be in the handbag business. The market is growing globally, with experts suggesting the luxury handbag segment will reach $89.9 billion by 2026, up from $58.3 billion in 2018.
When lockdowns hit during the pandemic, fashion was one of the first casualties. No more dressing up for the office, restaurants, shopping trips, or the club for the foreseeable future meant many of us wanted to feel comfortable curling up on the couch while we watched Netflix or took Zoom meetings. And while our fancy outfits took a backseat, our activewear, athleisure, and loungewear wardrobes expanded.
If you’ve been considering sourcing products from Vietnam, but you’ve still got a raft of questions you want answered before you bite the bullet, you’ve come to the right place.
With global warming taking the world by storm (no pun intended), being environmentally conscious as a brand has never been more important. A study done by Trivium Packaging Group found that 74% of participants were willing to pay more for products that used sustainable packaging, so let’s talk about it!
You’ve got the ideas, the creative juice, the style, and the spark to bring that next clothing design to life. But who’s going to make it for you? Clothing manufacturing in Australia offers many positives. But let’s be fair and look at some of the less than fashionable aspects as well.
Are you looking to start an eCommerce business? Or is your business expanding, and it’s time to consider manufacturing overseas or use an alternative to China? India is renowned for manufacturing and offers many benefits you should consider when sourcing your products. Learn why.
Your brand doesn’t need to wait 58 years to reach Zara’s heights. Replicate Zara’s supply chain, manufacturing, and customer focus model, and you could reach the same lofty heights faster than you can say, “pass me the paella”.
If you’re having trouble getting cat hair on that stack of T-shirts about to be shipped, the dog’s got packing tape stuck to its’ ears, and you can’t for the life of you remember where you put that box of little, tiny wingding thingies, it may be time to expand your warehousing facilities.
Importing goods into Australia can be very lucrative and rewarding, and there’s a whole world of importation possibilities out there. It opens your business to new product options that may be more innovative, better value or simply not available in Australia. There are specific requirements and steps involved in importing products into Australia. Read on to discover more.
When it comes to importing jewellery your target market will love, the world’s your oyster…and pearl necklace, costume earrings and diamante bracelet.
Chinese New Year is in a league of its own when it comes to preparing for production and experiencing costly shipping disruptions. If this Chinese New Year will be your first rodeo, or even if it's your tenth, let us help you keep your supply chain on track while minimizing the negative impacts that many businesses see when it catches them off-guard.
After deciding what products to sell on your online store, the next thing is to source your e-commerce products. Here, Sourci provides a guide on how to best source your e-commerce products to avoid risks and headaches.
There’s currently quite a lot of change happening in the logistics & supply-chain space that will impact Western businesses & consumers, so we thought it would be a good idea to share why this is happening and what the future outlook holds.
For every success, there are a dozen failures. Particularly when we’re talking about e-commerce. Having seen first hand exactly how they were able to build a powerful, profitable and successful ecommerce brand, here are three things I’d recommend to everyone who’s looking to get started in ecommerce.
Purchasing from a foreign country is a long process, and sourcing agents are there to guide you through it. They are your right-hand team for everything from product development to supplier prospecting to contract negotiation to quality control.
Online retail competition is now fiercer than ever. What does the future look like for e-commerce? What trends are having the greatest effect on business outcomes?
Profits are predicted to pinch as consumers head online to research and buy products. Innovation is vital for retailers who want to stay ahead of the game.
Take the ethics out of international sourcing for a moment and simply look at how it could affect your bottom line. Is there a way to work around its drawbacks?
The manufacturing industry is evolving, and so too are customers’ desires – it’s up to your business to evolve with them.
Are you left wondering how you’re going to successfully establish (and then manage) a thriving international supply chain throughout 2020?
When did ethics go out of fashion? Retail giants such as Khols, Forever21, Urban Outfitters, Walmart... Cancelling orders of $40 Billion globally for garments already produced.
Although this can be confusing why Nike outsources across so many countries, it's better business for the company.
Starting an ecommerce business now? What are the implications that the virus epidemic will have on manufacturing in China? India? Our own backyard?
Learn some of the basics on importing, from identifying the right manufacturer and how to save on freight.
Find out why is important to understand MOQ's (Minimum Order Quantities) and how to engage manufacturers with the right MOQ's for your business.
Are you launching a new business? Perhaps your established company is preparing to find a new overseas manufacturer?
If you’ve spent any time on the website at all, then great - you will know exactly what we’re talking about!
Are you preparing to find a new manufacturer overseas? Do you have a new business or product line?
Chinese manufacturers have found their position in the market – low cost products. With this, they are making cutting edge and superior items accessible.
When it comes to sourcing products and materials from China, many people look to Alibaba, the world’s largest B2B marketplace.
The next AirPods you buy for your iPhone won’t likely have the label ‘Made in China’ on the packaging. Ever since the trade war began, tariffs on various products like handbags and electronics have risen.
The deal can be regarded as a strategic partnership, considering that the agreement will be beneficial to both countries. Basically, Australian goods or products such as live cattle, grains, beef, steel, and dairy will benefit from the agreement because of the lowering of tariffs.
After tons of research, The New York Times published a very informative report which covered interviews with both former and current executives at Apple.
What about China? For now, China seems to be relaxed, and their response has been limited, except for the import taxes on US imports.
As one of China’s largest trade fairs, the Canton Fair is co-hosted as well by the Ministry of Commerce of China and People’s Government of the Guangdong Province.
FREE Sourcing Cheat Sheet. For years now, China has been providing the cheapest products to source by many manufacturers and retailers outside of its country.
As a new business you have to have a business plan, and budget for any expense you make to make sure your ends meet.