Heating up the HVAC Market the Role of China, India, and Turkey in Supplying Machinery and Components
Introduction The global HVAC (Heating, Ventilation, and Air Conditioning) market is experiencing robust growth, global sourcing strategies are increasingly looking to a range of markets to support the growth. As the world becomes more urbanized and climate change necessitates climate control solutions, the demand for HVAC products is steadily increasing. Discover the driving forces behind the booming HVAC market and how China, India, and Turkey are powering its growth by supplying machinery and components. Understand the global impact of these key players in sourcing climate control solutions.” Understanding the HVAC Market The HVAC market encompasses a wide range of products, …
India’s Demographic Ascent: Fuelling Manufacturing Growth and Global Sourcing Opportunities
Introduction In a remarkable demographic shift, India has achieved a momentous milestone by surpassing China in population, making it the world’s most populous nation in 2023, with over 1.4 billion people. This pivotal turning point carries far-reaching implications, particularly for India’s manufacturing sector. As the nation garners global attention, the substantial population surge offers a plethora of opportunities and challenges that could reshape manufacturing dynamics, with direct implications for product sourcing, factory investment, and the labour pool. ET2C International, a leading Global Sourcing company, stands at the forefront of leveraging India’s sourcing potential to fuel manufacturing growth. Our 250 colleagues …
From Turkey to the World: The Rise of Industrial Machinery Exports
Turkey’s machinery export growth is making waves in the global sourcing arena. Learn about Turkey’s unique advantages as a sourcing destination, from its strategic location to its strong infrastructure and favourable trade agreements. Discover why Turkey is a rising star for sourcing. Turkish Machinery exports passed a new milestone in trade, exceeding $10 Billion in the first 5 Months of 2022. The growth has made them a destination country for global sourcing and procurement. As Sourcing teams look to diversify their supply chain, near shore some elements and mitigate risks (Environmental and Geo-Political) Turkish Export Growth Growth in Turkish exports …
Mitigating the risks of global sourcing
Discover how to navigate the challenges of global sourcing and build a resilient supply chain. Learn the key risk areas and strategies for supplier evaluation, diversification, risk assessment, and quality control. Explore how ET2C International, a leading Global Sourcing company, can simplify your global sourcing journey and ensure success. The benefits to business of strategic sourcing globally are huge and have been a foundation for many companies and brands to successfully develop their business. The cost and quality of the products available in some markets is so strong that not to source globally can put companies at a serious competitive …
Weathering El Niño: Building Global Sourcing Resilience
Explore the effects of El Niño on global sourcing and shipping and how to build a robust risk mitigation plan to proactively address the potential trading impacts of El Niño. Introduction Global weather patterns play a significant role in shaping various industries, including global sourcing and shipping. One such weather phenomenon is El Niño, which occurs periodically and affects sea surface temperatures in the central-east equatorial Pacific. El Nino is more than an interesting and infrequent weather pattern. It has demonstrated the potential to disrupt economies, sourcing strategies, and global trade. Understanding El Niño El Niño, a Spanish term meaning …
Strategic Sourcing Opportunities in Bangladesh
Bangladesh is an emerging economy with a large and increasingly skilled workforce. Government infrastructure investments are building on its strategically strong position on Global Shipping routes to drive their Economic strategy. Making it a good choice for any strategic sourcing strategy to investigate. Background: Bangladesh is a country in South Asia. Bordered by India to the west, north, and east, and by Myanmar to the southeast. The Bay of Bengal lies to the south. Bangladesh was formerly known as East Bengal and was part of British India until 1947. A population of over 150miliion makes it the most densely populated …
Vietnam: Strategic Sourcing destination for Machinery & Equipment
Vietnam’s export economy has grown rapidly in recent years building on traditional exports to become increasingly competitive in a range of Machinery manufacturing sectors. Background and Guide to Sourcing from Vietnam and its Economic development Background Vietnam, officially known as the Socialist Republic of Vietnam, is a country located in Southeast Asia. It shares its borders with China to the north, Laos and Cambodia to the west, and the South China Sea to the east and south. With a population of over 96 million people, Vietnam is the 15th most populous country in the world. In recent decades, Vietnam has …
Thailand the land of smiles is also the land of opportunity for Strategic Sourcing
The Kingdom of Thailand is known as a tourist destination but also has a flourishing exporting business sector and strong economy ranked 9th in Asia. What can it bring to your Sourcing or Procurement strategy. Thailand is situated in the Indochinese Peninsula and shares borders with Myanmar (Burma) to the west, Laos to the northeast, Cambodia to the southeast, and Malaysia to the south. It has coastlines along the Gulf of Thailand and the Andaman Sea. A population of over 70 million people, has one of the lowest unemployment rates and is recognised by the World Bank as a “one of …
El Nino is coming, how could this weather event effect Global Sourcing and Shipping
What are the likely impacts to economies and sourcing strategies of this power weather event ? What is El Niño The name El Nino is widely used to describe the warming of sea surface temperature that occurs every few years, typically concentrated in the central-east equatorial Pacific. An El Niño is declared when sea temperatures in the tropical eastern Pacific rise 0.5°C above the long-term average. El Niño is felt strongly in the tropical eastern Pacific with warmer than average weather. The effects of El Niño often peak during December; it’s name “the boy” is thought to have originated as “El …
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