In this episode, Claus Lauter and sourcing expert Omer Sasson discuss the critical aspects of sourcing from Asia, including the importance of having backup suppliers, the process of finding and verifying suppliers, navigating tariffs, and understanding cultural differences in communication.
Omer shares his insights on how to improve sourcing strategies to boost margins and profits, emphasizing the need for thorough research and the value of working with experienced professionals in the field.
Topics discussed in this episode:
- Why having only one supplier is the biggest sourcing mistake.
- Why contacting hundreds of suppliers ensures competitive pricing.
- What the four-phase sourcing process entails for success.
- Why backup suppliers must be developed before emergencies.
- How factory direct isn't always better than trading companies.
- What countries like Vietnam and India offer as China alternatives.
- Why cultural differences vary drastically across Asian regions.
- How moving to premium countries can increase product value.
- What landed cost reveals about true profitability.
- Why assuming miscommunication prevents costly supplier mistakes.
Links & Resources
Website: https://thesassoncompany.com/
LinkedIn: https://www.linkedin.com/in/omer-sasson-sourcing-qc-trade/
Get access to more free resources by visiting the show notes at
https://tinyurl.com/9raat2n5
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