What are the risks of sourcing in Asia?
Our view is that there are more risks in not sourcing in Asia, yet understanding the landscape and related risks associated with such a decision is important. Among the most significant risks in doing business in, for example China, or in any international market, is not being aware of how business is conducted. Typically in Asia business is done at a different pace and is based on different principles then business conducted at home. You don’t need to always “do it their way”, but knowing “their way” can be a tremendous advantage. Not knowing how business is conducted from the other perspective is a great risk. Language and cultural hurdles are eased through the resources available from IL. The fact that your competition is or will already be sourcing from China can present a much greater risk than partnering with IL to secure quality sourcing from China or the establishment of Joint Ventures of wholly owned facilities.
