What people are saying about Mulberry Fields
“I have already learned a great deal about China and your business through your website and blog posts. Very impressive.” – Company in Toronto
The other night a customer I have been helping on and off over the past year skyped me. His skype text read as follows:
“My orders are getting bigger, just shipped 9000 units to (name of global retailer) , this is a lot of risk to be tied up with one supplier. If that supplier screws up or fails, I have lost both money and a supplier, costing me time and money I cannot afford.”
Of course I have been telling him this for about a year. But it is hard for small businesses to think like big businesses sometimes. I then sent him a blog post I did a couple of years ago, all about the risk of having just one supplier. Here is the link.
Whenever you are sourcing in China you should have at least 2 or 3 vendors that you can contact in the event something happens with your primary vendor. This will save you a lot of time and money. I would add that most vendors will know if you have only one supplier and that is when your costs really go up. Always have a couple vendors as back up and occasionally drop this fact in your discussions with your primary vendor ( in a non-threatening way of course.)