Rico Ngoma, CEO of Source Find Asia, joins Renaud to share his advice for entrepreneurs and SMEs who want to get started with manufacturing in China.
You'll get loads of great tips such as:
Show Notes
00:14 - Introducing our guest: Rico Ngoma, the CEO of Source Find Asia, a Guangzhou-based sourcing agency.
02:27 - Introduction to Rico's new event, the SourceFinda Asia Digital Summit. The SFA digital summit is a free manufacturing program for entrepreneurs and businesses on a low budget who want to get started with manufacturing that brings together around 16 expert presenters from Rico's network.
*****
05:26 - To echo the SFA digital summit, we'll go through some of the topics that new manufacturers need to understand in this episode.
06:33 - How to develop a new product on a low budget?
11:35 - The stair-step approach to manufacturing.
12:38 - Sourcing & vetting suppliers.
15:20 - Sourcing tips from Renaud and Rico for when on a low budget.
24:01 - What are the basic terms you'll need to set with the supplier you select?
29:12 - The need to take responsibility for your own product approval process.
34:28 - What to do before you start production?
40:26 - Why very technical products aren't a good fit for first-time manufacturers on a tight budget.
42:24 - How adherence to compliance regulations can be expensive.
46:54 - Packaging compliance.
48:26 - Shipping & Logistics.
50:50 - Wrapping up.
Related content...
Get in touch with us
Subscribe to the podcast
There are more episodes to come, so remember to subscribe! You can do so in your favorite podcast apps here and don't forget to give us a 5-star rating, please:
Negotiating terms, leverage over suppliers, and describing your needs - Sourcing from China (Part 2)
What Is The Cost Of Poor Quality? (feat. Clive Greenwood & Max Phythian)
China‘s ‘Power Crunch‘ - What‘s Causing It & How Does It Affect Importers?
The First To Market Fallacy For Made-In-China Products
Exploring Product Design & NPI Process Best Practices For A New Product (feat. Andy Bartlett)
What Are The New Product Development Deliverables?
Identifying suppliers, verifying them, & cultivating ‘backups.’ - Sourcing from China (Part 1)
How To Push A Supplier To Move To Zero Defects? (feat. Clive Greenwood & Max Phythian)
5 Challenges Importers Face When Preparing For 2022
Is Mexico A Credible Alternative For Importers From China?
Four Options For Sourcing From China & Sourcing Best Practices
Clive Greenwood | What Does The EU Medical Device Regulation Tell Us About Compliance's Future? Be Afraid!
Clive Greenwood | 'Made In China' Product Compliance Gaps & Loopholes
A Guide To Plastic Injection Mold Tooling Management & Risk Reduction For Buyers
How Did Sea Freight End Up In Such An Expensive Mess In 2021? (feat. Jon Monroe)
How To Improve Supplier Performance?
How To Reduce Lead Times From Your Suppliers In China & Asia
How To Choose The Right Packaging To Protect Your Products
Deep Dive Into Product Development Agreements For Importers
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
HCI Leadership Revolution
The Ramsey Show
Planet Money