February 15, 2007
China: Painful Outsourcing
Are you planning to outsource your manufacturing to India? Hope you are aware of the risks associated with outsourcing to China. You may have to face quality problems, delay in deliveries and worst of all, theft of your intellectual property. Most people believe that all these problems arise because we don’t understand either the language or the way business operates in China.
One businessman recently discovered that even knowledge of both language and business operations modes doesn’t really help. Edward Wu's experience may not be so unique nowadays as an increasing Chinese Americans try to set up base in their home country.
Despite efforts by the Chinese government to rein in counterfeiting, experts say manufacturers there can undercut their clients by producing similar products at cheaper prices in as little as two years. And Chinese American entrepreneurs have less of an advantage than one might expect. While they may initially get a leg up, economic factors soon trump everything else.
Want to know more? Read on…
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