Dangers of Asia Sourcing in 2012

Dangers of Asia Sourcing in 2012

By http://www.dragonsourcing.com

Why Asia Sourcing ?

ď ą Sourcing Asia provides sourcing and buying service to buyers in retail,resturants,hotels and developers, interior designers and wholesalers. ď ą Most companies have begun Asia sourcing.

ď ą Companies opt for Asia sourcing so that they can optimize their business accordingly.

Dangers of Asia Sourcing in 2012

 Supplier email hacking.  Supplier steals client ‘s custom tooling.  No recourse for late goods.

Supplier Email Hacking

 More Asia sourcing professionals falling for the scam where the third party hacks the supplier email. They also convinces the buyer to send money to a private account. So be very careful dealing with individuals using free email address.

Supplier steals Client ‘s Custom tooling.

 Many importers have proprietary designs and require their suppliers to use custom molds and tooling.  Most clients are wise enough to have contract regarding the ownership of tool.  During the visits to the supplier be sure to check on the tooling.

No recourse for late goods

 Supplier misses delivery date and buyer has no recourse for compensation.

 Make sure you have a PO/Contract under signature.  The contract should stipulate pre-agreed penalties for delays.

Dragon Sourcing Johannesburg 140 High gate, Sunny Road, Lakefield, Benoni, 1500, Gauteng, South Africa Tel:+27 (83) 230-9342 Email: contact.south-africa@dragonsourcing.com