Should you be wary of the cheapest Chinese suppliers?

2023-12-01

Adrian hosts and Renaud is onboard to offer some cautionary advice about working with 'the cheapest Chinese supplier' with a focus on relatively ordinary consumer and electronic products. What might sound like a good deal could actually land you in hot water. Here's why... Show Sections 00:00 - Greetings and introduction: Should we be wary of choosing the cheapest supplier? 05:35 - Warning signs from cheap suppliers. 09:54 - Do lowest prices = a stable relationship for the mid to long-term? 15:18 - Does a manufacturing contract protect you from ...

Show Sections

00:00 - Greetings and introduction: Should we be wary of choosing the cheapest supplier?

05:35 - Warning signs from cheap suppliers.

09:54 - Do lowest prices = a stable relationship for the mid to long-term?

15:18 - Does a manufacturing contract protect you from the supplier making changes due to not being able to afford to honor low prices?

17:55 - What type of factory are you even dealing with?

24:36 - An example quote for very low-cost plastic injection mold tooling and the problems you might face in future if you accept.

27:23 - Avoiding the cheapest options and doing due diligence is a must for certain product types.

29:21 - What can go wrong when you work with a cheap/bad supplier?

33:47 - Is it really impossible to get a small factory to do a good job?

39:18 - Wrapping up.