China Sourcing Update - Pandemic, Economy and Supply Chain Updates + Tips & Predictions
Seller Sessions · with Elson Zhou · September 19, 2022 · 66 min
Summary
This episode provides a crucial update for ecommerce operators sourcing from China, detailing the impact of China's Zero-COVID policy on manufacturing, supply chains, and the economy. It offers practical advice on mitigating risks and navigating challenges, drawing on an "on the ground" perspective from Shenzhen. Essential listening for anyone relying on Chinese production.
Key takeaways
Understand that China's Zero-COVID policy, including widespread daily testing and lockdowns, directly impacts manufacturing output and lead times. Build in buffer time for production and shipping.
Implement robust risk mitigation strategies such as diversifying suppliers, increasing safety stock, and utilizing third-party inspection services like BD Inspections for factory audits and product quality control.
Stay informed on the evolving economic situation in China and its potential effects on raw material costs, labor availability, and overall production stability.
Leverage the expertise of "on the ground" partners for real-time insights into local restrictions and their impact on your supply chain pipelines.
Consider different types of inspections (sample, mid-production, pre-shipment, loading) to ensure product quality and minimize costly issues down the line.
Today on Thursdays with Sharon, Sharon Even welcomes back Elson Zhou, Founder of BD Inspections to give us an "on the ground" update on the current Pandemic restrictions in China, Supply Chain updates, and Tips + Predictions for the coming months. We cover: * The current situation with daily testing all over China, Zero c0vid tolerance, restrictions, etc, and how this impact the manufacturing sector. * Current situation with the Chinese Economy + Tips and Predictions * Possible Issues and Risks for sellers with solutions on how to handle these issues. And more! Elson based in Shenzhen has been in the manufacturing scene for over 15 years and founded BD Inspections 14+ years ago. BD Inspections is a Chinese Based 3rd Party Inspection Company with over 100 inspectors around China, they offer multiple Inspection Services including Factory Audits, Sample inspections, Mid Production Inspections, Pre Shipment inspections, Shipment Loading Inspections, and more. Note from the Host - Sharon: It was very interesting interviewing Elson who I have known for years, A Chinese businessman based in China, and hearing his perspective on life in China - the good the bad, and the ugly, espe
What does this episode say about supply chain & operations?
Understand that China's Zero-COVID policy, including widespread daily testing and lockdowns, directly impacts manufacturing output and lead times. Build in buffer time for production and shipping.
What does this episode say about finance & fundraising?
Implement robust risk mitigation strategies such as diversifying suppliers, increasing safety stock, and utilizing third-party inspection services like BD Inspections for factory audits and product quality control.
What does this episode say about founder & leadership?
Stay informed on the evolving economic situation in China and its potential effects on raw material costs, labor availability, and overall production stability.
What does this episode say about supply chain & operations?
Leverage the expertise of "on the ground" partners for real-time insights into local restrictions and their impact on your supply chain pipelines.
What does this episode say about supply chain & operations?
Consider different types of inspections (sample, mid-production, pre-shipment, loading) to ensure product quality and minimize costly issues down the line.
