The Rim refers to those countries on the edges of the Pacific Ocean along with some island nations. Part of this economic center comprises of Pacific Rim China. Included in the economic centers of the region are:
- San Francisco
- Hong Kong
Outsourcing to China
Pacific Rim China has become the ideal economic choice when it comes to offshore outsourcing, also known as Pacific Rim sourcing. One of the most advanced cities is Shanghai. It is considered an attractive place to live in even though it has a larger population and it is not the capital.
In your Pacific Rim sourcing maintaining some diversity and flexibility is very important. China is a large country. Its Great Wall stretches through a huge distance that is farther than the distance between New York City and Los Angeles. For anyone engaging in Pacific Rim sourcing this is literally a golden opportunity because they can take advantage of the market access and entry to consumers numbering over 1.3 billion.
In Pacific Rim sourcing and China sourcing there are other reasons to be considered besides lower costs which are the obvious biggest drawing features of doing business there. As a matter of fact, lower operating costs are actually being bragged about by other countries. Continued speed in distribution and infrastructure development that has been growing over the years, reliability, and the government incentives are the features that continue to remain attractive in Pacific Rim sourcing.
China produces over 50% of the world’s bicycles and microwaves, 30% of the world’s luggage and handbags, and 25% of the world’s toys. It is not surprise then that they continue to be an admirable world leader in the production of consumer goods.
You can be rest assured that you are going to be working with an established OEM when you choose to work with us at the Simmons Group. In the Pacific Rim we have well over 50 years of experience as a Pacific Rim sourcing agent. Visit our website to learn more.