In the evolving global trade landscape, businesses continually seek new regions to diversify supply chains, reduce costs, and access unique products. With its abundant natural resources, expanding manufacturing base, and strategic proximity to North American markets, Latin America offers compelling opportunities for forward-thinking companies. However, recent U.S. tariff implementations have created a new economic reality that necessitates reassessing sourcing strategies to maintain cost efficiency and supply chain resilience.

This comprehensive guide explores how businesses can navigate Latin American sourcing after these significant policy changes, identifying opportunities while mitigating new challenges.

In today's increasingly complex global landscape, a new economic strategy has emerged that fundamentally reshapes international trade relationships and supply chain configurations. Known as "friend-shoring" (or sometimes "friend-shoring"), this approach represents a significant pivot from the purely efficiency-driven globalization model that has dominated international commerce for decades. Businesses and governments are now reevaluating their dependencies and prioritizing partnerships with nations with similar values, political systems, and strategic interests—even when these arrangements may not offer the lowest possible production costs.

The catalyst for this dramatic shift can be traced to a confluence of disruptive global events that exposed critical vulnerabilities in the worldwide supply network. The COVID-19 pandemic revealed how quickly essential supply chains could collapse, leaving nations scrambling for medical supplies and critical components. Simultaneously, escalating tensions between democratic and authoritarian powers—exemplified by conflicts like Russia's invasion of Ukraine and growing competition with China—demonstrated the risks of economic interdependence with potentially adversarial nations. These wake-up calls have forced a fundamental reassessment of how supply chains should be structured in an era where geopolitical considerations can no longer be separated from economic decisions.

On April 2, 2025, President Donald Trump announced a comprehensive set of tariffs during what he termed "Liberation Day." This policy introduces a universal 10% tariff on all imported goods, effective April 5, 2025, at 12:01 a.m. EDT. Additionally, higher, country-specific tariffs—"reciprocal tariffs"—will be imposed on nations with significant trade surpluses with the United States, taking effect on April 9, 2025, at 12:01 a.m. EDT.

These measures address longstanding trade imbalances and are expected to impact many imported products, including automobiles, electronics, and agricultural goods. Introducing these tariffs has led to concerns about increased operational costs, potential supply chain disruptions, and consumer price adjustments. Economists warn that these policies may elevate inflation rates and heighten the risk of a recession.

On April 2, 2025, former President Donald Trump announced a sweeping series of new tariffs under what he termed a "Declaration of Economic Independence." This bold initiative represents one of the most significant shifts in U.S. trade policy in recent history, marking a clear move towards protectionism and economic nationalism. The announcement comes amid ongoing debates about America's position in global markets and highlights the administration's persistent concerns over trade deficits and foreign competition.

The new tariffs are designed to fundamentally reshape American trade relationships, particularly with major trading partners accused of unfair economic practices. By imposing broad and targeted tariffs, Trump aims to level the playing field for American industries that have struggled to compete against cheaper imports. Businesses and consumers are expected to experience substantial impacts, with potential disruptions across various sectors, from consumer electronics to automotive manufacturing.

Thailand has emerged as one of Southeast Asia's most vibrant manufacturing and export hubs, offering e-commerce businesses and small to medium enterprises (SMEs) a treasure trove of high-quality products at competitive prices. With its strategic location, well-developed infrastructure, and rich cultural heritage, Thailand presents unique opportunities for businesses looking to diversify their product offerings and supply chains.

What makes Thailand particularly attractive for product sourcing? First, the country boasts a remarkable combination of traditional craftsmanship and modern manufacturing capabilities. Second, Thai products often feature unique designs and exceptional quality that can help differentiate your business in crowded marketplaces. Third, the Thai government actively supports export activities through various initiatives and trade agreements, creating a business-friendly environment for international buyers.

When you browse clothing racks at your favorite retailer, each garment represents the culmination of decisions made across continents, connecting designers in fashion capitals with manufacturers often thousands of miles away. The CMT model is the invisible framework that facilitates this global dance of production, allowing brands to maintain creative control while leveraging specialized manufacturing expertise wherever it exists.

With approximately 80% of apparel brands utilizing some form of CMT in their supply chains, this arrangement has become the industry standard for everything from basic t-shirts to luxury apparel. Fast fashion giants like Zara and H&M, mid-market stalwarts such as Gap and Uniqlo, and even many luxury houses rely on variations of the CMT model to bring their designs to life at scale.

Customs brokers are professional intermediaries who specialize in streamlining the import and export process. They possess in-depth knowledge of international trade laws and regulations, which allows them to effectively manage the documentation and compliance steps necessary for cross-border transactions.

By preparing the required paperwork and ensuring that each shipment meets legal requirements, customs brokers help businesses avoid time-consuming delays and potential penalties. Their expertise in areas like classification, valuation, and duty assessment guarantees that your goods move seamlessly through customs checkpoints.

Products are everywhere. From the groceries we buy at the local store to the machinery that powers entire manufacturing operations, products play an integral role in daily life and the global economy. Understanding the different types of products is more significant than it might initially seem. It allows businesses to develop targeted marketing strategies, set informed pricing models, and refine sales techniques. It also helps consumers make better purchasing decisions, budget effectively, and grasp personal spending habits.

This article explores seven distinct product categories, divided between consumer products (intended for personal use) and industrial or business products (used in organizational operations or as inputs for other goods and services). Ultimately, you will gain valuable insights into how these classifications shape the market and consumer behavior.

Procurement is a comprehensive, strategic process encompassing everything from supplier research and negotiations to contract management and supplier relationship building. It is a long-term approach focusing on value creation, risk management, and aligning sourcing decisions with the company’s broader goals. On the other hand, purchasing is a more transactional function that involves ordering and receiving goods based on immediate operational needs.

This guide provides an in-depth comparison of procurement and purchasing, covering their definitions, key differences, processes, technological impacts, real-world examples, and best practices. Readers will learn how each function supports business strategy and operational efficiency, helping organizations determine which approach best fits their needs.

Finding a reliable manufacturing partner when sourcing internationally can be challenging, but it is essential for establishing a long-term, successful business relationship. Alibaba, China's largest online B2B marketplace, connects factories and suppliers with international buyers, facilitating billions of dollars in trade annually.

One of Alibaba’s supplier classification programs is the Verified Supplier designation, a trust signal for buyers. But what does this tag mean? Is it just a paid membership that any supplier can obtain, or does it involve a legitimate vetting process to ensure reliability?

This guide will provide a detailed analysis of the Alibaba Verified Supplier program, including its requirements, benefits, and how it compares to Gold Suppliers.

Vietnamese lacquerware is one of the country’s most distinguished traditional crafts. It is admired for its vibrant colors, intricate detailing, and glossy finish. Rooted in centuries-old craftsmanship, lacquerware is widely used for decorative home accessories, tableware, and furniture. The art of lacquerware involves multiple layers of resin coating, sanding, and polishing, resulting in a smooth, durable surface that enhances the beauty of the designs.

Vietnam is home to numerous lacquerware manufacturers, from small artisan workshops to large-scale factories that cater to international markets. The demand for Vietnamese lacquerware continues to grow due to its reputation for high-quality craftsmanship and competitive pricing. Whether you are looking for hand-painted pieces, minimalist modern designs, or custom-made lacquerware, Vietnam has a diverse selection of producers to meet your needs.

Vietnam has become one of the world’s leading destinations for garment manufacturing, and the uniform sector is no exception. With a well-established textile industry, competitive pricing, and skilled labor, Vietnam offers an excellent opportunity for businesses looking to produce high-quality uniforms at cost-effective rates. The country's garment factories have modern production capabilities and are experienced in meeting international quality standards, making Vietnam a top choice for uniform sourcing.

In addition to cost benefits, Vietnam provides a diverse range of uniform manufacturing options, catering to corporate, hospitality, medical, education, and industrial sectors. Manufacturers offer a variety of materials and customization options, ensuring that businesses receive uniforms tailored to their branding and functional requirements. Ethical production and sustainable fabric choices are becoming more prevalent among Vietnamese manufacturers, providing eco-conscious businesses with reliable options.

EAU (Estimated Annual Usage) is a crucial metric in sourcing that represents the projected quantity of materials, components or finished goods an organization expects to source from suppliers over 12 months. It is a key factor in supply chain planning, helping businesses align their procurement strategies with demand forecasts to maintain efficiency and cost control. By understanding EAU, companies can avoid over-purchasing, under-stocking, and unexpected disruptions in their sourcing operations.

Companies across industries rely on EAU to develop stronger supplier relationships and ensure consistent product availability. It allows businesses to negotiate better pricing and production timelines, as suppliers are more likely to offer favorable terms when they clearly understand long-term demand. Additionally, EAU plays a vital role in contract agreements, enabling organizations to lock in rates and secure priority production slots.

Effective procurement is crucial for businesses to maintain smooth operations, control spending, and ensure transparency in financial transactions. Two key components of the procurement process are purchase requests (PRs) and purchase orders (POs). While they may seem similar, they serve distinct roles within the procurement cycle. Understanding the differences between PRs and POs is essential for streamlining purchasing activities and maintaining accountability.

This guide will clarify the roles of purchase requests and orders, highlight their differences, and explore how automation enhances modern procurement processes.

Global sourcing has become an essential strategy for companies seeking to reduce costs, improve efficiencies, and access a broader range of suppliers. Sourcing internationally allows businesses to take advantage of competitive pricing, specialized expertise, and economies of scale. While the benefits can be significant, global sourcing also introduces unique risks that must be carefully managed to avoid supply chain disruptions, compliance issues, and reputational damage.

Procurement professionals must navigate a complex landscape of regulatory requirements, supplier relationships, and logistical challenges. The geographical distance between buyers and suppliers can lead to quality control issues, delays, and miscommunications. Additionally, companies must be aware of ethical concerns, such as labor conditions and environmental sustainability, which regulators and consumers increasingly scrutinize.

n today’s fast-paced and highly competitive business environment, strategic sourcing is critical to enhancing procurement efficiency and driving long-term value. By integrating data-driven decision-making and fostering strong supplier partnerships, organizations can achieve cost savings, improve product quality, ensure supply chain sustainability, and stimulate innovation. This article explores the four fundamental pillars of strategic sourcing: key elements that create a resilient and high-performing procurement strategy.

As global supply chains become increasingly complex, procurement teams must navigate fluctuating market conditions, resource constraints, and growing demands for ethical sourcing. A structured strategic sourcing approach provides organizations with the framework to optimize supplier selection, improve contract compliance, and build collaborative relationships that drive business growth.

Understanding MOQ (minimum order quantity) is crucial when sourcing products from manufacturers, especially in China and Vietnam. MOQ is the lowest quantity a manufacturer can produce for a single order. This number can significantly impact your costs, product quality, and overall sourcing strategy.

Many businesses, especially startups and small brands, struggle with high MOQs because they require large upfront investments. However, MOQs exist for a reason, and understanding their role in manufacturing can help you navigate production more effectively.

Vietnam is emerging as one of Asia's fastest-growing manufacturing and business hubs. This boom in industrial development makes 2025 a particularly exciting year for international trade shows and expos.

As global attention shifts to Southeast Asia, companies and entrepreneurs discover new ways to expand, invest, and collaborate within this dynamic market. Vietnam’s thriving manufacturing capabilities and rising consumer demand create exceptional opportunities across diverse industries.

To help you make the most of these prospects, we’ve compiled a list of all 63 major trade shows organized by month so you can conveniently plan your visits and explore Vietnam’s expansive business landscape.

The right fabric can make all the difference in activewear's performance, comfort, and durability. Choosing the right material impacts how well your gear wicks moisture, regulates temperature and stretches with your movements. Whether you're engaged in high-intensity workouts, outdoor running, yoga, or cycling, the fabric of your workout clothes plays a crucial role in ensuring comfort and efficiency.

Activewear fabrics are designed to provide a combination of breathability, flexibility, and durability, but not all materials offer the same benefits. Some fabrics are great for wicking sweat away, while others provide insulation for cold-weather training. Sustainable options also cater to eco-conscious consumers looking for environmentally friendly alternatives.

De minimis is a trade policy concept that establishes a threshold below which imported goods are exempted from customs duties and taxes. This threshold varies by country and determines when an imported package requires formal customs clearance and duty payments. The de minimis rules streamline low-value shipments, reduce customs authorities' administrative burdens, and expedite trade.

De minimis is crucial in determining cost structures and logistics strategies for e-commerce businesses and product sourcing specialists. Companies that rely on cross-border shipping can leverage de minimis thresholds to minimize import costs and enhance delivery speeds. However, recent regulatory changes in key markets are reshaping the landscape of duty-free shipping.