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As we face into what looks like being another year of complexity and turmoil in global trade and strategic sourcing, there are some countries that warrant rapid and in-depth exploration as part of global sourcing and procurement strategies. In machinery and industrial products where traditionally offshore supply routes may have looked to China the opportunity that is developing in Türkiye cannot be ignored. 

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De-Risk Your Global Supply Chain with Turkiye: A Strategic SolutionRead More »

World Economic Forum 2025: Global Leaders Converge in Davos

World Economic Forum annual meeting January 20-24th will see the annual meeting of over 2,500 delegates to the Swiss ski town of Davos. For those 5 days Davos will enjoy global focus as Governments, Non-Profits and Business connect and exchange ideas. Creating the opportunity to build connectivity and deepen relationships and share thinking and ideas. 

For Global Sourcing companies facing the new paradigm of an approaching period of Protectionism, Tariffs and Geo-Political uncertainty, the opportunity for increased dialogue can only be positive. As relationships are forged to mitigate supply chain risk, build stronger relationships and contribute to reducing global trading turmoil. 

The theme for Davos is “Collaboration for the Intelligent Age.” The program will be oriented around five interconnected priorities: 

• Reimagining growth. Given today’s geopolitical and economic realities, policy makers will need to look toward new sources of growth for the future.  
• Industries in the intelligent age. Technology is now the primary driver of change and disruption across business sectors.  
• Investing in people. Technological advancements have created the need to reskill and upskill people to meet the demands of tomorrow’s economy. 
• Safeguarding the planet. Partnerships and dialogues that enable investment and deployment of new climate technologies are critical to making progress on global climate and nature-related goals.  
• Rebuilding trust. As the pace of change accelerates, societal divides have deepened as people around the world seek to reaffirm their identities.  

All eyes will be on Davos in January to read any positive signs that could lead to a reduction in uncertainly for business with extended supply chains. 

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Davos 2025:Navigating Uncertainty for Global Sourcing and SupplyRead More »

In today’s competitive landscape, global sourcing strategies can offer companies huge benefits. Defending or driving margin up and creating competitive advantage v your competitive set. The global trade landscape is looking more challenging to navigate in the approaching years. As Protectionism, Tariffs and Geo-politics loom large over the previously smooth waters of Global Trading.  

Sourcing and Procurement teams will be actively scenario planning to build a Sourcing Strategy for the future either to begin Global Sourcing to boost competitiveness or to mitigate potential cost impacts into their existing supply chain. 

Vietnam Economic Growth  

Vietnam’s economy is projected to grow at a robust pace in 2024. The World Bank forecasts a growth rate of 6.1% for the year, driven by a rebound in manufacturing exports, tourism, and domestic consumption. 

The strong economic performance combined with a growing and skilful labour market and strategic location make Vietnam a Sourcing destination that should be explored by every Sourcing and Procurement team.

ET2C International: Your Trusted Partner for Sourcing in Vietnam 

For over 20 years, ET2C International has connected global brands and companies with reliable Vietnam manufacturing partners.  

• Building Margin 
• Removing Risk 
• Delivering Simplicity  

As a British owned Global Sourcing Company we have developed a deep understanding of the Vietnamese market. 

Our team of over 200 colleagues professionals are based in 7 offices in major sourcing markets, including Ho Chi Minh City, to Make Sourcing Simple. 

The strategic benefits of Global Sourcing from Vietnam   

Sourcing from Vietnam, with its cost-effectiveness and growing manufacturing capabilities, can be a smart move to boost your margins and competitiveness. However, navigating the process requires careful planning and expertise. 

Operating effectively and smoothly in a new market can be full of challenges. A successful implementation will need to cover a range of tasks to be successful.

Market Research & Product Selection: Identify your target products and research the Vietnam manufacturing landscape. Consider demand, competition, and potential profit margins. 

Compliance & Regulations: Understand import regulations and product compliance requirements for your country. 

Legal & Regulatory Frameworks: Ensure your business complies with international trade regulations, including obtaining necessary licenses or permits. 

Finding Reliable Suppliers: Leverage online directories, trade shows, or consider a sourcing agent to help you identify reputable Vietnam manufacturing partners. 

Thorough Supplier Verification: Carefully vet potential suppliers by checking credentials, conducting facility visits, and requesting references. Prioritize quality-focused partners. 

Quality Assurance & Samples: Request product samples to ensure they meet your quality standards and regulatory requirements. 

Finalizing Agreements: Once satisfied, finalize agreements with chosen suppliers, including contracts and clear communication channels. 

Robust Quality Control: Implement a strong quality control process, considering third-party inspections before shipment. 

Secure Payment Arrangements: Establish secure payment terms to protect your interests. 

Shipping & Receiving: Monitor shipments and ensure you have all necessary documentation for smooth customs clearance. 

Building Strong Relationships: Cultivate lasting partnerships with your suppliers through effective communication and collaboration. 

Delivering the benefits of Sourcing from Vietnam- ET2C Sourcing Made Simple 

ET2C’s daily mission is to Make Sourcing Simple for our clients. Delivering all the benefits of Global Product Sourcing whilst mitigating all the risks. From Vendor selection and validation to negotiation and quality and compliance checks ET2C will ensure your Sourcing ambitions from Vietnam are delivered. 

As we face more change impacts in global trade from impending tariffs and protectionism there has never been a better tie to explore the benefits Sourcing from Vietnam can bring. 

If you would like to learn more about the challenges and opportunities building Vietnam into your Sourcing Strategy can deliver, please drop us a line at contact@et2cint.com