importing goods

As China becomes more and more as “manufacturing hub of the world”, its manufacturing costs are low in comparison to other places in the world. This has attracted a large number of business people get into the Chinese markets as they opt to import goods and reduce their productions costs, hence gain a competitive advantage over other businesses. Another advantage has been obtaining high quality products especially for businesses dealing with suppliers who are keen on quality control. While this can be a highly profitable, it may not always be rosy as your business may face a number of challenges and risks that may inversely affect your Return on Investment. As a business owner while importing goods from China, you may run into a risk of receiving poor quality goods with limited options of sending them back to the seller or improving them locally. This results in financial losses due to…