Near-Sourcing in Europe (+ Turkey) VS Buying from China (Feat. Fredrik Gronkvist, Productmkr.com)
Renaud hosts and is joined by Fredrik Gronkvist, founder of Productmkr.com, to discuss near-sourcing from Europe + Turkey (and Mexico for North American buyers) VS buying from China. Fredrik has done a lot of research on how to source from China alternatives and he now offers a supplier database for subscribers to help make finding the right option easier. Here he shares his advice on near-sourcing and how it differs from the traditional approach of buying from China.
Show Sections
00:00 - Greetings and introduction.
04:14 - What are the key challenges importers face when near sourcing?
08:14 - How to improve your chances of receiving a response from non-Chinese suppliers?
11:04 - What is the impact of near sourcing on MOQs and lead times?
17:03 - Does near sourcing reduce quality and compliance risks?
22:40 - Does it make sense for all types of products?
27:23 - Is the process of identifying and screening potential suppliers in Europe/Turkey the same as in China or Vietnam?
32:19 - How should buyers approach sourcing from nearby countries? (Summary)
33:24 - Wrapping up.
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