Sofeast's CEO Renaud Anjoran and Adrian kick off the episode by talking about Hong Kong's new and improved immigration and Covid procedures and the heatwaves and droughts in China that have been affecting manufacturing there.
The main topic is getting to grips with is calculating how much money is required for prototyping and then launching your new product - a popular question for many entrepreneurs and SMEs who aim to bring their new product concept to market!
Show Sections
00:00 - Greetings.
00:37 - How visiting Hong Kong in August 2022 has become easier.
04:20 - What effects are the heatwave and drought in China, especially in the Western provinces of Sichuan and Chongqing, having on manufacturing?
09:13 - The psychological side of launching a new product and how ambition affects a product launch.
14:46 - What are the finance numbers involved?
22:59 - What's included in these costs? (action & item breakdown)
32:39 - Why do many products end up being sold at a loss?
35:06 - Other 'hidden issues' that don't always show up in the calculations.
37:39 - In summary.
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On-site, Subjective Factory Evaluations | Vetting Chinese Suppliers (Part 4)
How To Evaluate Your Supplier's Engineering Capability | Vetting Chinese Suppliers (Part 3)
Initial Vetting Process & Approaches To Weed Out 'Bad' Suppliers | Vetting Chinese Suppliers (Part 2)
7 Ways Suppliers Can Cheat Importers Or Cause Problems | Vetting Chinese Suppliers (Part 1)
Choosing Suppliers: OEM, ODM, Contract Manufacturer?
Supply Chain Risk Management & Reduction
How Manufacturers & Importers Can Prepare For A 'Post-COVID' World
Hot Topics In China Manufacturing Spring 2020
Tips for Buyers of Coronavirus Medical Supplies from China
The Relationship Between Factory Audits, Product Inspections, & Lab Testing
What Buyers Should Look At When Visiting A Factory in China
10 Elements of a QA Strategy in China (Part 2)
10 Elements of a QA Strategy in China (Part 1)
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