Whilst in the book the Tiger came to tea and ate all the food in the house, creating quality time for the family who went out together to eat and replenish their food. As we enter the new Trump era the Indian Tiger could again be creating a version of the quality time in the story by offering a safe haven for many companies seeking to shelter from the impact of tariffs, protectionism and geo-political friction. In the evolving global trade landscape, marked by the resurgence of protectionist policies, geo-political tensions and tariffs under the new Trump administration, companies are increasingly seeking reliable and resilient global sourcing markets.  

India, the world’s largest democracy, most populous nation and fastest growing economy has so far been uniquely spared any direct policy impact from the incoming administrations. India ambition to become a global manufacturing hub can only benefit from the shift amongst many companies to de-risk their product sourcing positions with China.  …

The Tiger That Came to Tea – A New Safe Haven for Global SourcingRead More »

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. 

De-Risk your Global Sourcing by adding Turkiye to your Supply chain 

Derisking supply chain positions in China fully or adding additional supply routes to allow flexibility in sourcing and procurement will allow companies to mitigate risk in their supply chains. As we get more clarity on the impacts to global trade from tariffs and geo-politics. The need for margin defence, supply security and shortening supply routes will be bring increase focus on Turkiye.  

Turkey with its strategically important location between Europe and Asia has been a global trade hub for over 1,500 years. A population of over 80m people and land borders with 8 countries give it many geographical benefits. Turkiye has strong Free Trade agreements in place with Europe and the ability to use Air, Sea, Road and Rail links to supply clients make it ideally placed as supply chain partner. 

ET2C International Global Sourcing Experts 

ET2C International are a British owned global sourcing company with over 23 year’s experience working with our clients to Make Sourcing Simple. Our 200 colleagues are based in 7 offices across major sourcing markets acting as your bridge to your global sourcing and procurement partners.    

Our team based in Izmir (Turkiye’s third largest city) can rapidly assist in exploring 

• Machinery and Engineered Component Sourcing 
• Quality and Compliance  
• Vendor selection and Audit 
• Rapidly Building Margins 
• Simplifying Sourcing  

Contact us know to see how we could help support you in delivering your sourcing and procurement challenges contact@et2cint.com

Sourcing Machinery from Turkiye a growth market.  

In 2023 the value of machinery exports exceeded $21b the Presidency of the Republic of Turkiye Investment Office  reported. Key exports markets for Turkish machinery are DE FR UK and IT amongst the 200 destinations that make up the country’s export client base.  The biggest export sector in Sept 2024 was Cars, Trucks and Trailers and this was closely followed by Machinery and Parts at $1.89b.  

 Turkish Economic Performance and Outlook  

The Turkish economy is the 19th biggest in the world, measured by GDP. The Observatory of Economic Complexity ranks Turkiye as 29th in global export sales. 

Fitch Ratings are expressing cautious optimism about Türkiye’s economic outlook for 2025.  GDP growth is expected to be 4% whilst there are still challenges with right policies in place the economy is expected to continue its growth and recovery.  

Positive headwinds in the economic position of Turkiye will act as a positive driver of change to reposition the country. This will be more pronounced in the industrial and machinery market where the country is already driving strong growth. 

ET2C International Global Sourcing Experts 

We are a leading Global Sourcing company with over twenty years’ experience working with our clients. Our team of 250 colleagues are based in seven offices in key sourcing markets across Asia Including our new offices in Izmir (Turkey’s third largest city) 

We work with our clients to make their global sourcing simple, becoming their bridge to their supply partners. Where time zones, language, business communication expectations or QC can become challenging. 

Our team of experts can help you build and deliver your sourcing strategy and ensure you are working with the right factory partners. Giving you independent feet on the ground and confidence with fast responses, removing time zone and language challenges. If you would like to explore sourcing opportunities within Turkiye or to discuss your future supply chain challenges. Please contact@et2cint.com 

The rise of Türkiye and the why you should investigate the opportunity for global sourcing machinery and industrial components  

Turkey’s rise as a global manufacturing hub is undeniable. With a skilled workforce, competitive costs, and a strong focus on quality, Turkish manufacturers are well-positioned to meet the demands of the global machinery and industrial market.  

Investigating Turkey’s vast manufacturing ecosystem, businesses can access a wide range of products and services, from machinery and automotive parts to industrial components.   

De-risking supply chains that are currently centred on China with secondary sourcing markets to balance risk, capacity and cost will be critical for business. As we move into an new era of global trade that could be dominated by protectionism, tariffs and geo-political tensions the winners will be those that can rapidly adapt and build their global supply chains to deliver service whilst defending margins. 

ET2C International can rapidly support an in-depth review of the opportunities that Türkiye and its supply network can offer your company. Contact us now to speak to one of our team about the strategic sourcing and procurement opportunities in Türkiye. 

contact@et2cint.com

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. 

ET2C International are a Global Sourcing Company, British owned with over 23 year’s experience working with our clients to Make their Sourcing Simple. Our 200 colleagues are based in 7 offices across major and emerging sourcing markets. Creating and Delivering Strategic Sourcing initiatives that will: 

-Rapidly build Margins 

-Identify and Remove Risk 

-Deliver Simplicity   

 We can help build and delivery tariff avoidance plans and risk mitigation strategies as part of a wider global sourcing strategy. For more information on how we can support your business growth please drop us a line contact@et2cint.com  

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   

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