Domestic vs. Overseas Suppliers

                                     Domestic vs. Overseas Suppliers

A classic question when looking for suppliers if you plan to manufacture or wholesale is whether you want to source domestically or from overseas.  overseas can refer to any location overseas but usually and for the purpose of this post, refers to asian countries like Chine, India and Taiwan.

You likely already know that it is almost always cheaper to source your products overseas but there is a lot more to that decision than just the upfront investment and cost per unit.

Both domestic and overseas sourcing have their advantage as well as disadvantage which we will take a look at below;

Domestic sourcing

Advantage:

-Higher manufacturing quality and labor standards

-Easier communication with no language barrier

-Easier to verify reputable manufacturers

-Faster shipping time

-High intellectual property right protection

-Greater payment security and recoure 

Disadvantages:

-Higher manufacturing costs

-Less product choice


Overseas Sourcing

Advantage:

-Lower manufacturing costs

-High number of manufacturers to choose from

-One - stop services like Alibaba have made it easy to navigate suppliers

Disadvantages

-Lower perceived quality from customers

-Lower manufacturing and labor standards

-Little intellectual property protection

-Language and communication barrier can be difficult to navigate

-Longer shipping time

-Cultural differences and customs clearance

-Less payment security and resource 

     Now that you have a better idea of exactly what are you looking for, as well as the advantage and disadvantages of domestic vs. overseas sourcing, where do you begin your search? Naturally, the internet is the best place to start, but there are a few places in particular that can help with your search.

Some of the best sources can be free online supplier directories. These directories can contain profiles for hundreds or thousands of manufacturers, wholesalers and suppliers. I have listed out a few of the most popular for online suppliers:

www.Thomasnet.com , www.Makersrow.com ,www. MFG.com, www.kompass.com, www.alibaba.com, www.Aliexpress.com, www.Indiamart.com www.tradekey.com

Please express your opinion, write a review post at the end, I wonder and pleasure I get comments from readers make sense.







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