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Hello, I’m Mike Bellamy, author of “the essential reference guide to China sourcing” and owner of PassageMaker Sourcing Solutions.
I’ve been living in China full time now for over 12 years, and it is my pleasure to offer in this short video, some tips on how to leverage the resources available at Global Sources.com
Most of you already know that at Global Sources.com you will find long lists of potential suppliers for just about any product. And in an earlier video titled “Finding Suppliers” and the video called “Evaluating Suppliers” we talk about how to narrow down that long list of potential suppliers to the best supplier for your particular order.
But for today’s video, I was asked to offer some other tips about using the global sources website.
Keep in mind that the following tools are all free!
1. If you want to stay in touch with the latest trends in Sourcing, you would be wise to sign up or RSS the following websites which are in the global sources family.
At Global Sources’ sister site, www.Smart China Sourcing.com you will find a lot of great content from sourcing professionals covering topics ranging from paying suppliers to managing QC.
At GlobalSources.com at the bottom of each product category home page “electronics” for example, you will find free resources such as industry news, surveys and a showcase called “what every buyer needs to know”.
2. There is also a free “ask the experts” services where you can send in your specific questions and people like myself will provide feedback and get you pointed in the right direction on issues of China sourcing.
3. There are 18 “global sources e-magazines” that come out each month, each covering a different industry. This is a good tool to get a feel for what products are available in a given industry. The magazine is pretty thick with a lot of content, but I like to flip thru to keep an eye on trends and see which suppliers are making which products.
4. It is always a good idea to come to China to hit a trade show and visit suppliers face to face. Ideally at their factory. But if you are not quite ready to make the flight over, you may be interested to know that Global Sources now hosts a virtual trade show on line. At the recent tradeshows, Global Sources staff went around to each booth and took pictures for the virtual trade show online.
5. Speaking of trade shows, on global sources.com you will also find a comprehensive list of trade shows broken down by industry and location. Not only does global sources list their own trade shows, but they also list all the other trade shows. If you do come and check out any of the global sources trade shows in person, make sure to attend the China sourcing seminar series. It’s free as well. Some of the seminars were recorded and are available at www.OnlineSourcingFair.com
6. I’d also like to address the term “verified supplier” which you will find online at global sources.com. In my opinion, global Sources goes out of their way to ensure the suppliers on their website are professional. Global Sources staff even visit some of the factories. But, China is a massive market and things at the factory level can change suddenly. So just because a factory has a high ranking in the star system today, it is not a guarantee that they will be professional tomorrow. BUT, having said that, if the factory has high ranking with global sources, and if they have maintained a booth at the trade show for many years and if they advertise in the global sources e-magazines, then there is a much higher likelihood that they will be good suppliers for you. But, as I said, because things can change so quickly, a key manager leaves, the factory moves, staff don’t return from Chinese new year holiday, raw material pricing goes up, quality goes down….a great supplier today is not a guarantee they will be a great supplier tomorrow, so as buyers, it is our responsibility to conduct due diligence and qualify our vendors. The Global Sources verified supplier ranking is an excellent start. But it is just start of the process. Check out the videos called finding and evaluating suppliers if you want to learn tips for checking out a factory.
See you next time. Wishing you successful China sourcing!