Harold Mori, a dynamic Peruvian entrepreneur, thrives in the bustling market of Yiwu, China, known for its small commodities. He recounts his journey from corporate aspirations to launching a trading business focused on exporting trendy goods to Peru. Harold discusses the significance of adapting to market trends and understanding consumer desires, particularly during the challenges posed by the COVID-19 pandemic. He also emphasizes essential business skills like negotiation and logistics, revealing his ambitions for future expansion into global markets.
Harold Mori's success as a Peruvian entrepreneur in Yiwu highlights the significance of adaptability and understanding market trends for international trade.
Effective communication and negotiation skills in Mandarin have been crucial for Mori in navigating supplier relationships and enhancing his business operations.
Deep dives
Yiwu: The Global Trade Hub
Yiwu, located in eastern China, is recognized as the world's capital of small commodities, attracting vast numbers of buyers and sellers daily. The Yiwu International Trade City boasts over 62,000 booths showcasing a wide array of goods, making it a premier global trade hub. This bustling market includes everything from trinkets to industrial products, making it a focal point for international trade. The sheer volume and variety available in Yiwu illustrate its significance in global commerce and its role in the supply chain for numerous products.
Harold Mori's Entrepreneurial Journey
Harold Mori, a Peruvian entrepreneur, moved to Yiwu to establish his own trading business, illustrating the pursuit of opportunity in this dynamic market. Starting from scratch, he capitalized on trends by exporting items based on current consumer demands rather than focusing on specific industries. This adaptable approach enables him to cater to the evolving market preferences in Peru by exporting trendy small commodities that appeal to buyers. Mori's journey highlights the importance of persistence and navigating the ups and downs of starting a business in a competitive environment.
Navigating Challenges in Export Trade
Mori emphasizes the importance of understanding both Chinese suppliers and the Peruvian market, which requires effective negotiation skills and market insight. His ability to speak Mandarin facilitates smoother negotiations, allowing him to directly address issues with suppliers and optimize pricing and quality. Additionally, he strategically outsources logistics and customs handling to manage the complexity of international trade effectively. This combination of local knowledge and well-established networks forms the backbone of Mori's successful exporting model, allowing him to focus on product selection and market trends.
Known as the world's capital of small commodities, Yiwu in eastern China attracts hundreds of thousands of sellers and buyers from both domestic and international markets every day. In this episode of our Makin' it in China series, Harold Mori, a young Peruvian entrepreneur, shares his journey of starting a trading business from the ground up right here in Yiwu.
If you enjoy feature stories like this one, be sure to check out "Footprints" on your favorite podcast platform!
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