Gain and share insight into effective purchasing and sourcing in new markets.
Although Saudi Arabia has an Oil based economy with about 16% of the World’s proven petroleum reserves, bolstering the non-oil economy is crucial to the success of Crown Prince Mohammed Bin Salman’s blueprint to wean the kingdom from its reliance on income from crude exports. As a result, Gross domestic product grew 1.2 percent in the first three months of 2018 compared with a year ago. The non-oil economy grew 1.6 percent from 1.3 percent in the first quarter of 2018.
With the rise in costs and currency valuation in China, Bangladesh has become the major sourcing destination for Textiles and Garments. Please click on following link to get a better perspective on sourcing opportunities in Bangladesh.
Following the political opening of the country, Myanmar has become the new frontier emerging market. Do discover what sourcing opportunities are available please click on the following link.
Malaysia, a middle-income country, has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector economy. Although the current administration is working on increasing the domestic demand and reducing heavy reliance on exports, exports – particularly of electronics, oil and gas, palm oil and rubber – remain a significant driver of the economy. As an oil and gas exporter, Malaysia has profited from higher world energy prices, although the rising cost of domestic gasoline and diesel fuel, combined with strained government finances, has forced Kuala Lumpur to begin to reduce government subsidies.
South Africa is the largest economy of Africa and offers great sourcing opportunities; please download our latest white paper if you are interested in finding out what sourcing benefits might be available to you.
Ethiopia is the new frontier country when it comes to Textile sourcing. Please download the Ethiopia Sourcing White Paper if you want to find out about how you might benefit from this new emerging country.
China is the world’s second largest economy by nominal GDP and one of world’s export powerhouses offering un-rivaled cost saving potential as a global sourcing and manufacturing centre due to its abundant low cost skilled labour force, low cost raw materials, excellent infrastructure system and a large and sophisticated manufacturing base.
Indonesia is one of the largest economies in Southeast Asia and is one of the emerging market economies of the world and a member of G-20 major economies. The impact of the recent global economic crisis on the Indonesian economy is relatively limited compared to other countries in the region.
The economy is truly globalising and the BRIC countries are increasing their share of world trade. To measure the trends in intra-trade between the BRIC countries, Dragon Sourcing initiated a survey with Brazilian companies to evaluate sourcing trends between Brazilian companies and Asian suppliers with a special focus on China.
Vietnam emerges as an attractive low cost country source offering an alternative to China in an increasing number of supply markets.
Under increasing price pressure along the east coast of China, companies are exploring opportunities to source from more remote provinces in in Western China.
Frequently Asked Questions
Below are answers to the most frequently asked questions. Please feel free to contact us. Use our contact form or arrange a callback with a consultant.
What kind of products & services do you source?
We can source any product or service from commodity to customised. Check our Category Expertise section to see the range.
What kind of businesses do you work with?
We work with small to multi-national companies that are looking to procure goods and services from emerging markets for export or to support their local operations.
Do you have preferred relationships with suppliers?
We are supplier independent, we never take commissions from suppliers, and we conduct our procurement on an objective and documented basis.
How long does it take to quantify the potential value opportunity?
From initial brief to quantifying the potential value opportunity, takes between a few days for categories we know well to 2 months for new categories.
How long does it take to fully qualify a new supplier?
To qualify a new supplier that has been identified as offering potential value, takes between a few weeks for simple off-the-shelf products to several months for complex custom engineered products.