Should you be wary of the cheapest Chinese suppliers?
Renaud is here to offer some cautionary advice about working with 'the cheapest Chinese supplier' with a focus on relatively ordinary consumer and electronic products. What might sound like a good deal could actually land you in hot water. Here's why...
Listen to the episode here: https://www.sofeast.com/knowledgebase...
SECTIONS
00:00 - Greetings and introduction: Should we be wary of choosing the cheapest supplier?
05:35 - Warning signs from cheap suppliers.
09:54 - Do lowest prices = a stable relationship for the mid to long-term?
15:18 - Does a manufacturing contract protect you from the supplier making changes due to not being able to afford to honor low prices?
17:55 - What type of factory are you even dealing with?
24:36 - An example quote for very low-cost plastic injection mold tooling and the problems you might face in future if you accept.
27:23 - Avoiding the cheapest options and doing due diligence is a must for certain product types.
29:21 - What can go wrong when you work with a cheap/bad supplier?
33:47 - Is it really impossible to get a small factory to do a good job?
39:18 - Wrapping up.
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