What you need to know
International product sourcing can be difficult. With China dominating the market, it can be hard to start diversifying your sourcing portfolio to factories in places like Vietnam. With the current trade war, tariffs play a major role in where you can source products. Common sourcing platforms, such as Alibaba, heavily favor Chinese manufacturing due to existing relationships, over other manufacturers outside of China.
So, how do you start diversifying your sourcing portfolio and expand into the Vietnam market?
Let’s first begin with some background information on the specialties of Vietnam and how SourceFix can help you manufacture your products there. Vietnam specializies in packing & printing, furniture, apparel, home textiles, luggage & handbags, and wood-based products.
Vietnam specializes in similar industries to China but offers more cost-savings through lower tariffs and lower cost of production. Vietnam is an ever-growing manufacturing hub for businesses and will be a prime product sourcing rival to China in the coming decades. As Vietnam is on the rise, we will continue to see more companies moving their manufacturing to Vietnam, increasing the growth and product quality of local suppliers.
How can SourceFix help transition your manufacturing to Vietnam?
By using our online platform, of course! Because SourceFix already works with suppliers worldwide, helping you start sourcing your products from Vietnam is easy! SourceFix is a modern online product sourcing platform where clients can quickly request quotes, negotiate pricing with suppliers, order samples, and track open orders, all in one place!
SourceFix also offers a dedicated Sourcing Specialist, so communication with your suppliers is a breeze. SourceFix is committed to providing a personalized touch and the best to our clients. Contact us today for free expert analysis to see how you can get started and streamline your product sourcing process with SourceFix.