20+ Global Sourcing Company – Leading Sourcing Firms
The speed of globalization complicates global product sourcing, sourcing and product development projects. Therefore, utilize a global sourcing company to determine the right market to manufacture your OEM products, parts and assemblies and find suppliers who meet your exact requirements.
Asia Sourcing from countries like China, Taiwan, Vietnam, Thailand, India or other developing countries is a time and resource consuming activity that not every business can do alone.
What is Global Sourcing?
Global sourcing is when a company seeks to manufacture or buy goods or services abroad, taking advantage of global efficiencies not available at home. Global sourcing enables many organizations to remain competitive and profitable even in today’s challenging marketplace.
What is a Global Sourcing Company?
Global Sourcing Companies List:
The following are some global sourcing companies I have compiled. In fact, you don’t need to choose only one for cooperation. One of our customers told me that they are cooperating with 14 agents at the same time. It is important that the company you choose is accountable and transparent about the transaction.
|China sourcing agent||Yiwu, China|
|US sourcing agent||MI, US|
|Global sourcing company||Asia|
|Global sourcing company||Global|
|Global sourcing company||Helsingborg – Sweden|
|US sourcing company||NJ, US|
|Global sourcing company||VA, US|
|Global product sourcing company||UK|
|Sourcing agent USA||Texas US|
|Global Sourcing||FL, US|
|Sourcing agent Lithuania||Vilnius, Lithuania|
|Sourcing agent USA||Phoenix, Arizona|
|Mining & construction industry||South Africa|
|United Kingdom sourcing company||Leicestershire, UK|
|Swiss sourcing company||Heerbrugg, Switzerland|
|Global sources USA||IL, US|
|Global sources Vietnam||Ho Chi, Vietnam|
|Manufacturing sourcing company||TX, USA|
|Global products sourcing||IL, USA|
|Sourcing agent USA||TN, USA|
|Australian sourcing agent||Cremorne, Australia|
Top 5 Tips for Choosing a Global Sourcing Company
The large number of outsourced manufacturers (especially in Asia) allows retailers and brands to manufacture private label products, while also lowering the barriers to entry for start-ups. How these factories are managed is an important part of the success of these companies.
There are a variety of ways to approach suppliers, and these require addressing internal expertise, location, language, culture, manufacturing capabilities, etc.
One option is to partner with a product sourcing company that has a field presence in the local market, extensive product knowledge, and can add value in managing suppliers from development to shipment.
Tip #1: Make sure they know your industry
The sourcing company you choose should have a broad knowledge of a variety of categories. If they don’t understand your product lines, manufacturing processes or quality standards, they may miss out on critical steps. One of the biggest benefits of using a sourcing company is the ability to leverage resources (rather than relying on an in-house product developer as an example) and expertise.
Always ask and check their website for case studies and expertise on your products. For example, at ET2C, we have over 2,000 supplier contacts in a wide range of manufacturing areas.
Tip #2: Trust and Credibility
Always ensure that the product sourcing company you choose can pass an in-depth background check. Carefully research their previous customers, social media including LinkedIn, and each employee. As an offshore supplier, integrity and trust are critical, and you should be able to obtain customer referrals to further solidify your due diligence process.
Thoroughly check the following:
- Number of years in the industry
- Good track record
- Quality assurance processes
- Financial assessment
- Positive reviews from various customers
- Organizational structure and “team”
- Certifications and accreditations received by the company
Bonus tip: Especially in Asia, where integrity is essential, make sure you understand the management structure and its key clients as part of your background check. Look for examples of long-term client relationships.
Tip #3: Location
One of the most critical aspects of selecting a global sourcing company is leveraging their presence throughout their manufacturing base. It is important that they have offices and staff that are well positioned to service these suppliers and work closely with them. This is particularly relevant to quality control and assurance, as this can lead to increased costs in terms of shipping, time, etc. if they are located far from your suppliers. Therefore, it is worthwhile to be familiar with where your products come from and how close to your suppliers your sourcing partner is.
Tip #4: Ethical Considerations
Consumers are becoming more ethically conscious, which means your sourcing partner should understand what this means on a quality and manufacturing level. This is a complex topic, and leveraging some expertise, whether it’s around innovative materials or factory worker rights processes, is invaluable.
Tip #5: Quality Control
Ensuring that your global sourcing company successfully oversees every step of the quality process is critical. The main areas where quality assurance is needed are:
Factory Assessment – This refers to inspecting all aspects of the factory process, including manufacturing and technical audits. This will give you peace of mind and transparency with your overseas partners
Product and sampling – a third party should monitor your samples and product standards to save costs, ensure samples are not damaged, and evaluate shipping and other technical standards
Process inspections – It is also important to have a dedicated person in the production process to conduct regular inspections. Each plant should have consistent updates to ensure quality and safety
Final Quality Inspection – A final inspection of production quality to ensure that any problems are identified upstream and resolved before shipment.
Global Source Company Overview
Building a successful partnership with a Global sourcing company is not difficult. Make sure that any company you choose has a proven track record and years of experience.
Getting the products you need at the right price, quality and time is critical to your business. Leveraging the experience and expertise of a global product sourcing company is a great way to achieve this goal.