Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Supply ChainThere are potentially a few key players that are involved in sourcing textiles from China. It may be possible to source directly from the producer, but it might also be necessary to deal with a wholesaler. There is the opportunity perhaps to buy from a wholesaler that already has the textiles in Canada, but it will be assumed for the sake of this exercise that is not the case -- that the client needs to source custom from China. Depending on the client's internal resources, it may be necessary to have a translator, and some sort of trade expert who can manage the quotas and importing paperwork that go along with importing textiles into the country. One specialist who might be considered is a compliance specialist. One of the issues that Western manufacturers have when sourcing from developing nations is that working conditions in factories overseas can be at a standard that creates controversy, and ethical issues, at home. A compliance offer who is either in China or can travel there is important for ensuring that the client's ethical standards are maintained by the Chinese supplier (Chinaimportal, 2015).
The first issue is to determine where one can...
In fact, the client should not be so myopic as to insist on sourcing from any one country -- if the textile is a commodity, the bidding should be open to any country. But if China is the choice, then the first place to start is Alibaba, the major B2B site linking Chinese suppliers with foreign buyers.
Cultural issues are relevant to the extent that they influence business practices. For example, different cultures conceptualize contracts and business relationships differently. Where in Canada contract is a fixed agreement, not subject to any subsequent negotiation, that is not always the case in other cultures. It is worth having a Chinese liaison on hand in order to work through not only the language issues but the cultural ones as well. A Chinese-Canadian may not be enough -- it has to be someone who understands mainland PRC culture, not Hong Kong or Taiwanese. The social issues -- in particular factory conditions -- are another matter, and this is why it is important to have a compliance officer able to visit the supplier's factory and perform an audit for working conditions, wages and those sorts of social/ethical issues.
…
China and the World Trade Organization On December 11, 2001, China officially became a member of the World Trade Organization (WTO), opening the country's doors to change and a new economy. One year after china's entry into the WTO, the country reported great success, showing better-than-expected economic growth and fulfillment of its WTO commitments, despite the shaky world economy. The excellent performance of the Chinese economy was clearly demonstrated by its 8% growth
The U.S. trade deficit and downward pressure on wages in many industries is more a factor of the Chinese manufacturing sector being more aggressive in lean manufacturing and efficiency practices (Taj, 2008) than any other factor. To demonize China is to miss the point of what it means to be in a market-driven global economy. Only after nearly going bankrupt and needing huge federal assistance programs are American automakers
China's accession to the World Trade Organization for China and its trading partners with a focus on the United States. Findings indicate that China will benefit from new export markets and increased foreign investment. The main efficiency gains from WTO membership for China will be in the protected and non-traded sectors, which will feel the impact of import competition or the arrival of new foreign-backed competitors. China's market access commitments
Decontamination Plan China and WTO -- the Impact of Becoming a Member of WTO In 2001, China became one of the last countries to join the World Trade Organization (WTO). In accordance with WTO rules, which will ensure the integration of China into the world economy in addition to offering a more predictable environment for trade and foreign investment, China equally agreed to undertake a series of significant commitments that will not
But India could catch up if it successfully encouraged private companies to compete and survive, put a check on poorly performing financial institutions and those yielding to political compromises. These measures could help boost India's savings and investment. On the other hand, China also needed to catch up with India's institutional strength (Prime). But both continue to be plagued with respective problems. China continues to suffer from serious situations, such
The holistic theory of health, "Therefore... looks for the signs of disharmony in the external and internal environment of a person in order to understand, treat and prevent illness and disease." (Traditional Chinese Medicine: NHS) It is also important to note that the Chinese medical theory is closely linked to their ways of thinking or philosophy. This includes the theory of complementary opposites such Yin-yang, the Five Elements, the human