Blog — Mawson Global

Although the economy has seen steadying growth over the past few years the current uncertainty is causing companies across the world to analyse budgets and create forecasts for the future growth of their organizations. For companies dealing in manufacturing and other industries that rely on intelligent global sourcing, these projections invariably include goals of more efficient and visible global sourcing options.

While global trade growth rested around 2.8% in 2015, global trade growth projections for 2016 are on the rise, with overall estimates putting it around 3.9% for the calendar year. This is good news for firms looking to break into global sourcing and for companies already sourcing, but looking to save money and expand their networks.

Outstanding Future Outlook: While 2016 represents a nice increase in global trade volume, analysts at PricewaterhouseCoopers expect huge growth over the next 15 years, estimating “that the value of global goods trade is expected to grow in real terms from around $10 trillion in 2013 to around $18 trillion in 2030. This implied real trade growth of 3.3% per annum will be an important driver of global growth over this period.”

As such, firmly establishing supply chain roots and relationships in 2016 is essential to any firm hoping to capitalize on this growth trend for the foreseeable future.

Smarter Sourcing, Larger Market: As more and more firms look abroad for their sourcing needs, the sheer volume of manufacturing requests allows for more competitive pricing greater access to reliable logistics solutions. Moreover, as Asian countries continue to be the hub for supply chain manufacturing, many of its citizens are increasing their own buying power. As such, more and more companies are finding new markets and eager consumers in nearby Asian countries, thereby increasing revenue and decreasing shipping costs.

To learn more about this, and how your firm can benefit from this trend, check out our Are You Asia Ready? Audit.

Poised to Move: With all of the promising data coming out of China and associated manufacturing markets, understanding where your company fits into the overall picture is of vital importance. Understanding and staying on top of ever-evolving trade and tariff regulations can seem daunting, especially to those new to global sourcing. At Mawson Global, we track changes in international and local legislation which may affect your bottom line. By entrusting us to work on the details, we free you to focus on building your business through intelligent global sourcing.

If you’re ready to leverage global markets to grow your business in 2016, contact Mawson Global today for assistance with your global sourcing, marketing and commerce solutions.

Another year has come and gone and here at Mawson Global, and we’re eager to jump full-force into 2016.

As a new year approaches, now is the time to outline your ambitions and goals for 2016.

Setting attainable goals can seem incredibly daunting at times. However, our goals also serve as “navigational beacons” that keep us on a successful path, even when things get tough. By knowing what our goals are, we can more easily ensure we don’t veer off course.

Whatever your goals for the year may be, make sure they’re S.M.A.R.T; that is Specific, Measurable, Actionable, Relevant, and Timely. Utilizing this methodology drives you to sit and think about the substance of your goals. Why is this goal more relevant or pertinent than that goal now? Thinking of your goals in these terms reinforces the whys and hows.

Once you’ve set your goals, share them with people you trust. These people will serve as your support and accountability partners. When you outline your goals clearly, you and your support team have baselines and benchmarks you can reflect on to measure success and realign moving ahead.

Do your 2016 goals include ambitions of working with overseas suppliers? If so, 2016 is gearing up to be another banner year for Chinese manufacturing and trade. Researching and analyzing whether or not global sourcing is the right fit for you and your organization can be intimidating. Sourcing, though, can provide significant cost and time saving benefits, while increasing profits and strengthening the overall business.

At Mawson Global, we understand your concerns and needs, which is why we have developed the “Are you ready for Asia?” audit. Ask yourself, “How do you think Asia is impacting your business?” You may be able to come up with a number of responses to that. We believe that, largely, it boils down to two points: reducing costs by importing and increasing sales by exporting. If you fall into either of these camps, click here to learn more about the “Are you ready for Asia?” audit.