Insights Into Global Market Sourcing

Companies in the U.S. and abroad hire sourcing agencies like China Sourcing International for their expertise and valuable insights into global market sourcing. Every team member here at our sourcing and manufacturing company comes with over 10 years of industry experience.

Not only are we experts in our field, but we also have unique insight into the different market sectors. This enables us to provide the most useful guidance for companies who use overseas agencies for sourcing and manufacturing.

Talk to us if you are entering into the world of global market sourcing and manufacturing in China or Hong Kong. The best thing you can do is partner with an experienced company like ours to help you source products and manufacturing globally. We are here to help.

Understanding Market Studies & Insights

Taking a product from conception to successful production does not happen by accident. It requires analyzing the most thorough studies. Only then can you derive insights from these studies to make informed decisions with regards to procurement moving forward.

Some of the most important questions to ask during the global market sourcing research and insight gathering include:

• Which suppliers and manufacturers will provide me with the best raw materials?
• How can I find overseas suppliers and manufacturers to supply the parts I need?
• What criteria should I use to evaluate quality?
• Is there a sufficient range of choices in the market?
• How do local and international clients source for the parts and supplies they need?
• What are the estimated costs competitors pay manufacturers for similar products?
• …and many more!

The product you wish to make and your specific industry will determine which questions are relevant and worthwhile throughout the market study analysis process.

Deriving Insights from Global Market Sourcing

Companies conduct market studies to obtain actionable insights that will inform how their businesses operate in manufacturing, production, and distribution. A pivotal part of the research and development services we provide at China Sourcing International (CSI) is using the insight we gather for practical means.

CSI conducts extensive research on what currently exists in the market to see if there is anything comparable or better than what you may be offering. We do this to provide our clients with as much of an advantage over their competition as possible.

We find out what factories they use, learn their numbers, and acquire as much information as possible. No matter the extent or the effort required, we will always go above and beyond to give our clients the most comprehensive amount of information about global market sourcing so they can make decisions they feel confident about for their businesses. 

How to Use Insights Derived from Global Market Sourcing

Getting the answers to pivotal questions is the first piece of the puzzle. The next step is to apply these answers in a practical sense. Practical applications of the insights derived from studies in global market sourcing may come in many forms, some of which include: 

• Analyzing a pool of reputable suppliers.
• Assessing the pros and cons of working with certain available suppliers over others.
• Considering working with one or more suppliers or manufacturers.
• Identifying suppliers and/or manufacturers from which you plan to acquire raw materials and/or parts.
• Exploring the option of consolidation, which includes getting different parts from different suppliers for cost-effectiveness or quality.
• ….and much more!

China Sourcing International is here to help you make sense of the information you glean from market studies.

For more information on how we can help you make the most of the insight you gather when global market sourcing, please get in touch with us today.

Email [email protected] to get started. 

You can also call us at 1-888-915-1060.