{"id":27842,"date":"2024-06-17T08:29:02","date_gmt":"2024-06-17T08:29:02","guid":{"rendered":"https:\/\/www.worldfirst.com\/nz\/?p=27842"},"modified":"2024-08-26T07:00:58","modified_gmt":"2024-08-26T07:00:58","slug":"optimising-product-sourcing-from-china","status":"publish","type":"post","link":"https:\/\/www.worldfirst.com\/nz\/insights\/global-business-expansion\/optimising-product-sourcing-from-china\/","title":{"rendered":"Tips to optimise product sourcing from China"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"27842\" class=\"elementor elementor-27842\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-311bb801 e-flex e-con-boxed e-con e-parent\" data-id=\"311bb801\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ea7547 elementor-widget elementor-widget-text-editor\" data-id=\"ea7547\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><a class=\"x-crumbs-link\" href=\"https:\/\/www.worldfirst.com\/nz\/\">Home<\/a>\u00a0 &gt; \u00a0<a href=\"https:\/\/www.worldfirst.com\/nz\/insights\/\">Grow your Business<\/a>\u00a0 &gt;\u00a0\u00a0<a href=\"https:\/\/www.worldfirst.com\/nz\/insights\/global-business-expansion\/\">Global Business Expansion<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-71bff4cb e-flex e-con-boxed e-con e-parent\" data-id=\"71bff4cb\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-690ffbd2 e-flex e-con-boxed e-con e-parent\" data-id=\"690ffbd2\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4e66b1b elementor-widget elementor-widget-heading\" data-id=\"4e66b1b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Tips to optimise product sourcing from China<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20cd39e elementor-widget elementor-widget-text-editor\" data-id=\"20cd39e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"text-align: center;\">B2B experts at AliExpo 2024 discuss top strategies to optimise and simplify product sourcing from China. Take a look.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-00ba165 elementor-widget elementor-widget-text-editor\" data-id=\"00ba165\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Key takeaways <\/strong><\/p><ul><li>Utilise sourcing agents to streamline product procurement, from quotes to shipping<\/li><li>Maintain cash flow and select the right financing partner for efficient fund allocation<\/li><li>1688, one of the leading B2B marketplaces in China, can offer cost-effective product sourcing<\/li><li>With a World Account, you can collect international payments, pay suppliers and hold funds in multiple currencies<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7b6118b0 e-flex e-con-boxed e-con e-parent\" data-id=\"7b6118b0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1d342343 elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"1d342343\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/06\/Tips-to-optimise-product-sourcing-from-China\uff08V1\uff09.png\" class=\"attachment-large size-large wp-image-27843\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/06\/Tips-to-optimise-product-sourcing-from-China\uff08V1\uff09.png 1024w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/06\/Tips-to-optimise-product-sourcing-from-China\uff08V1\uff09-300x169.png 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/06\/Tips-to-optimise-product-sourcing-from-China\uff08V1\uff09-768x432.png 768w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/06\/Tips-to-optimise-product-sourcing-from-China\uff08V1\uff09-360x203.png 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bb3f9af elementor-widget elementor-widget-text-editor\" data-id=\"bb3f9af\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Introduction <\/strong><\/p><p>Alibaba held a two-day B2B e-commerce event, <a href=\"https:\/\/ticket.aliexpo.com.au\/\">AliExpo 2024<\/a>, in Sydney in March 2024 where 20+ speakers shared their views on international trade in China and Southeast Asia.<\/p><p>WorldFirst organised its own panel at the event to discuss the top strategies for optimising imports from China.<\/p><p>The panel included top B2B experts in the ANZ region including Oscar Langoulant from We Assist Co, Percy Hung from Choco Up and Rocky Yan from Party Bestbuy. Take a look at what they had to say about sourcing products from China to the ANZ region and managing an international supply chain.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5f7341 elementor-widget elementor-widget-heading\" data-id=\"f5f7341\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Partner with a sourcing agent<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-890132e elementor-widget elementor-widget-text-editor\" data-id=\"890132e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A sourcing agent manages the entire sourcing process on your behalf, from getting quotes from manufacturers to negotiating pricing, performing quality checks and ensuring the product gets shipped on time. It takes the hassle out of sourcing so you can focus on running your business.<\/p><p><a href=\"https:\/\/www.weassistco.com\/\">We Assist<\/a> is an Australia-based company that helps its clients identify opportunities in the market and source products or raw materials from China.<\/p><p>\u201cWe are an agency that connects Australian businesses with overseas manufacturers. With our local team members in China who are experts in procurement, we look for opportunities in raw material sourcing and where technology can improve scalability,\u201d says Oscar Langoulant, founder of We Assist Co.<\/p><p>\u201cA big thing with Australian small-to-medium businesses is not understanding the entire lifecycle of their product; they just buy and sell continuously.<\/p><p>\u201cIt is, of course, not a very sustainable business model. That is why We Assist Co goes beyond just sourcing products. The company also helps research where the raw materials come from and identify the market leaders in the product category. The goal is always to diversify the supply chain and save as much time and money as possible.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0196d7 elementor-widget elementor-widget-heading\" data-id=\"c0196d7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">1688 is a great platform for cost-effective product sourcing<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e960934 elementor-widget elementor-widget-text-editor\" data-id=\"e960934\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Rocky Yan, founder of <a href=\"https:\/\/www.partybestbuy.com.au\/\">Party Best Buy<\/a>, sources products for his business from <a href=\"http:\/\/1688.com\">1688.com<\/a>, one of the largest B2B platforms in China.<\/p><p>For Party Best Buy, pricing was the key factor in their decision to source from 1688. The B2B marketplace houses millions of Chinese wholesalers and manufacturers, allowing buyers to source products at bulk prices.<\/p><p>Since 1688 doesn\u2019t offer direct shipping, the company manages shipping on its own. Yan states that \u201cin terms of the logistics, we use cargo shipping with a 40-foot container twice a month.<\/p><p>We also have a warehouse in China to manage quality checks and proper international shipping. Since the products are cheaper, we need to check the quality before sending them to Australia. We also need to repack and label products so when they arrive in Australia, they are ready to sell.\u201d<\/p><p>Take a look at our <a href=\"https:\/\/www.worldfirst.com\/au\/insight\/online-sellers\/the-guide-to-buy-from-1688-outside-china\/\">complete guide to buying from 1688 outside China<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df91056 elementor-widget elementor-widget-heading\" data-id=\"df91056\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Maintain cash flow with the right financing partners<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20ba998 elementor-widget elementor-widget-text-editor\" data-id=\"20ba998\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>You only have so much cash; allocating funds correctly is important to maintain efficiency and a positive cash flow. At the same time, having the right financing partner is crucial to avoid future cash flow issues.<\/p><p>According to Percy Hung, CEO &amp; co-founder of <a href=\"https:\/\/choco-up.com\/\">Choco Up<\/a>, Asia&#8217;s top revenue-based financing and growth platform that provides funding to digital merchants, \u201cthe biggest mistake that companies can make when sourcing products is misusing limited funds by ordering a wrong colour for an SKU which ends up becoming deadstock. It can, in turn, have a ripple effect on everything.\u201d<\/p><p>Choco Up helps businesses grow holistically and get through tough times through quick and seamless financing options. Hung explains how Choco Up works: &#8220;If you are selling on Amazon, Shopify, WooCommerce, Magento, or any platform, we directly tap into your database after you sign up. The goal is to forecast how much revenue you will make in the next three, six or 12 months. The whole process takes up to 15 minutes at the most. In the next step, we provide funds based on the data.<\/p><p>\u201cOur revenue model is different from banks or other financial institutions. We don\u2019t charge any interest. Instead, our revenue is based on your revenue. We plug into your payment gateway or PayPal account and take a small percentage of every sale. It reduces friction between both parties. And before you realise it, you have already paid out 80-90% of funds, which you can then use again.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24050e7 elementor-widget elementor-widget-heading\" data-id=\"24050e7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Save costs on international business payments with WorldFirst<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5a6758 elementor-widget elementor-widget-text-editor\" data-id=\"f5a6758\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Fast growing online sellers use WorldFirst to protect their bottom line and make secure international transactions. With a World Account, you can collect payouts from 100+ marketplaces and manage all your funds in one place.<\/p><p>Hold international balances in 15+ currencies including USD, EUR, and CNY, creating a natural hedge against currency fluctuations. Use the international balances to directly pay suppliers based in China or repatriate the funds to your bank account at competitive exchange rates.<\/p><p>With a World Account, you can:<\/p><ul><li>Collect payments from customers <a href=\"https:\/\/www.worldfirst.com\/au\/marketplaces\/\">across major marketplaces<\/a> and payment gateways<\/li><li><a href=\"https:\/\/www.worldfirst.com\/au\/pay-1688-suppliers\/\">Pay 1688 suppliers<\/a> directly through WorldFirst Cross-border Pay<\/li><li>Make bulk payouts and send up 200 payments with a single transaction<\/li><li>Protect your profit margins with <a href=\"https:\/\/www.worldfirst.com\/au\/forward-contracts\/\">forward contracts<\/a> and risk management solutions<\/li><\/ul><p>Take your business global without worrying about high conversion fees.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9a60eb6 e-flex e-con-boxed e-con e-parent\" data-id=\"9a60eb6\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-730cd73 e-con-full e-flex e-con e-parent\" data-id=\"730cd73\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-be27078 e-flex e-con-boxed e-con e-parent\" data-id=\"be27078\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1d20bba elementor-widget elementor-widget-heading\" data-id=\"1d20bba\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Open a World Account for free<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01a8d34 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"01a8d34\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Open 10+ local currency accounts with local account details<\/li><li>Direct CNH payments to 1688.com<\/li><li>Pay suppliers, partners and staff in 40+ currencies and 130+ destinations<\/li><li>Collect secure payments from 100+ marketplaces and payment gateways, including Amazon, AliExpress, Paypal and Shopify<\/li><li>Lock in currency conversion rates for up to 24 months<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb4c67c elementor-widget elementor-widget-button\" data-id=\"fb4c67c\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/portal.worldfirst.com\/register?region=NZ\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get started<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-655f8fbe e-flex e-con-boxed e-con e-parent\" data-id=\"655f8fbe\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d760d1a elementor-widget elementor-widget-text-editor\" data-id=\"d760d1a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Disclaimer: The information contained is general only and largely our views.\u00a0 Before acting on the information you should consider whether it is appropriate for you, in light of your objectives, financial situation or needs. Although information has been obtained from and is based upon multiple sources the author believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed. All opinions, estimates, mentioned products\/services and referenced material constitute the author\u2019s own judgement as of the date of the briefing and are subject to change without notice. WorldFirst shall not be responsible for any losses or damages arising from your reliance of such information.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5d73682 e-flex e-con-boxed e-con e-parent\" data-id=\"5d73682\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-63ad3a65 e-flex e-con-boxed e-con e-parent\" data-id=\"63ad3a65\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-227ad8d2 elementor-widget__width-inherit elementor-pagination-type-bullets elementor-arrows-position-inside elementor-pagination-position-outside elementor-widget elementor-widget-n-carousel\" data-id=\"227ad8d2\" data-element_type=\"widget\" data-settings=\"{&quot;carousel_items&quot;:[{&quot;slide_title&quot;:&quot;Slide #3&quot;,&quot;_id&quot;:&quot;a52af17&quot;}],&quot;slides_to_show&quot;:&quot;1&quot;,&quot;slides_to_show_tablet&quot;:&quot;1&quot;,&quot;slides_to_show_mobile&quot;:&quot;1&quot;,&quot;autoplay&quot;:&quot;yes&quot;,&quot;autoplay_speed&quot;:5000,&quot;pause_on_hover&quot;:&quot;yes&quot;,&quot;pause_on_interaction&quot;:&quot;yes&quot;,&quot;infinite&quot;:&quot;yes&quot;,&quot;speed&quot;:500,&quot;offset_sides&quot;:&quot;none&quot;,&quot;arrows&quot;:&quot;yes&quot;,&quot;pagination&quot;:&quot;bullets&quot;,&quot;image_spacing_custom&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]},&quot;image_spacing_custom_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;image_spacing_custom_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-carousel.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/www.worldfirst.com\/app3\/plugins\/elementor-pro\/assets\/css\/widget-nested-carousel.min.css?ver=1736731740\">\t\t<div class=\"e-n-carousel swiper\" dir=\"ltr\">\n\t\t\t<div class=\"swiper-wrapper\" aria-live=\"off\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"swiper-slide\" data-slide=\"1\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"1 of 1\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-51ffa4c6 e-flex e-con-boxed e-con e-parent\" data-id=\"51ffa4c6\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-64763a93 e-flex e-con-boxed e-con e-parent\" data-id=\"64763a93\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3ae48be9 e-flex e-con-boxed e-con e-parent\" data-id=\"3ae48be9\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-24cb35 e-con-full e-flex e-con e-parent\" data-id=\"24cb35\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-642f6ee8 elementor-widget elementor-widget-image\" data-id=\"642f6ee8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"230\" height=\"230\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/05\/20240521053416424-1.png\" class=\"attachment-large size-large wp-image-27514\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/05\/20240521053416424-1.png 230w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/05\/20240521053416424-1-150x150.png 150w\" sizes=\"(max-width: 230px) 100vw, 230px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-67c74f84 e-flex e-con-boxed e-con e-parent\" data-id=\"67c74f84\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-43dd5f8a elementor-widget elementor-widget-heading\" data-id=\"43dd5f8a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Written by Rick Hill, Head of Sales ANZ at WorldFirst<\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db81c70 elementor-widget elementor-widget-heading\" data-id=\"db81c70\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Rick Hill has worked in payments and financial services for the past nine years. He began his career at a large institutional bank and has since worked across startups and scaleups. Over the past four years, his experience with e-commerce retailers has led him to believe that WorldFirst will be crucial in helping brands expand globally by demystifying the complexities of entering new markets.<\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-22987d73 elementor-widget elementor-widget-shortcode\" data-id=\"22987d73\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><div class=\"blogs_container\">\n                    <div class=\"blogs_item\">\n            <a href=\"https:\/\/www.worldfirst.com\/nz\/insights\/global-business-expansion\/optimising-product-sourcing-from-china\/\" class=\"blog_img_box\">\n                <img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/06\/Tips-to-optimise-product-sourcing-from-China\uff08V1\uff09.png\"\n                     alt=\"cover_img\" class=\"cover_img\" loading=\"lazy\">\n            <\/a>\n            <div class=\"blog_abstract\">\n                <h1>\n                    <a href=\"https:\/\/www.worldfirst.com\/nz\/insights\/global-business-expansion\/optimising-product-sourcing-from-china\/\">Tips to optimise product sourcing from China<\/a>\n                <\/h1>\n                <p>Let's break down the top strategies to optimise and simplify product sourcing from China.<\/p>\n                <span>Jun \/ 2024<\/span>\n            <\/div>\n        <\/div>\n                    <div class=\"blogs_item\">\n            <a href=\"https:\/\/www.worldfirst.com\/nz\/insights\/global-business-expansion\/best-foreign-currency-accounts-in-australia\/\" class=\"blog_img_box\">\n                <img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/06\/The-best-foreign-currency-accounts-in-Australia\uff08V1\uff09.png\"\n                     alt=\"cover_img\" class=\"cover_img\" loading=\"lazy\">\n            <\/a>\n            <div class=\"blog_abstract\">\n                <h1>\n                    <a href=\"https:\/\/www.worldfirst.com\/nz\/insights\/global-business-expansion\/best-foreign-currency-accounts-in-australia\/\">The best foreign currency accounts in Australia<\/a>\n                <\/h1>\n                <p>Discover the best foreign currency accounts in Australia in this roundup, to find out which one should be the leading choice for your business.<\/p>\n                <span>Jun \/ 2024<\/span>\n            <\/div>\n        <\/div>\n                    <div class=\"blogs_item\">\n            <a href=\"https:\/\/www.worldfirst.com\/nz\/insights\/global-business-expansion\/benefits-of-multi-currency-accounts\/\" class=\"blog_img_box\">\n                <img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/06\/The-benefits-of-multi-currency-accounts-for-your-business.png\"\n                     alt=\"cover_img\" class=\"cover_img\" loading=\"lazy\">\n            <\/a>\n            <div class=\"blog_abstract\">\n                <h1>\n                    <a href=\"https:\/\/www.worldfirst.com\/nz\/insights\/global-business-expansion\/benefits-of-multi-currency-accounts\/\">The benefits of multi-currency accounts for your business<\/a>\n                <\/h1>\n                <p>Multi-currency accounts are an alternative to local bank accounts, providing businesses with a single account to manage multiple currencies.<\/p>\n                <span>Jun \/ 2024<\/span>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-655b862 e-grid e-con-boxed e-con e-parent\" data-id=\"655b862\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2068ad85 e-flex e-con-boxed e-con e-parent\" data-id=\"2068ad85\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5eeb5b25 e-flex e-con-boxed e-con e-parent\" data-id=\"5eeb5b25\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-64ac70e9 elementor-widget elementor-widget-heading\" data-id=\"64ac70e9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">You might also like<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1843f638 elementor-widget elementor-widget-text-editor\" data-id=\"1843f638\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Insights from WorldFirst cover the latest FX news, top accounting tips, strategies to mitigate risk and key industry trends. Choose a category below to find out more.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-751ed9f6 e-flex e-con-boxed e-con e-parent\" data-id=\"751ed9f6\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-269dc06 elementor-widget elementor-widget-button\" data-id=\"269dc06\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/nz\/grow-your-business\/global-business-expansion\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Business expansion<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-219e5ffc elementor-widget elementor-widget-button\" data-id=\"219e5ffc\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/nz\/grow-your-business\/online-seller-guides\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">eCommerce insights<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-660027b elementor-widget elementor-widget-button\" data-id=\"660027b\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/nz\/grow-your-business\/customer-stories\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Customer stories<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-62643872 e-flex e-con-boxed e-con e-parent\" data-id=\"62643872\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5e33e6a elementor-widget elementor-widget-heading\" data-id=\"5e33e6a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Businesses trust WorldFirst<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1bf30180 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"1bf30180\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Almost 1,000,000 businesses have sent USD$150B around the world with WorldFirst and its partner brands since 2004<\/li><li>Your money is safeguarded with leading financial institutions<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7946cce2 elementor-widget elementor-widget-image\" data-id=\"7946cce2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"271\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/05\/20240418082639248-1024x347.png\" class=\"attachment-large size-large wp-image-27515\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/05\/20240418082639248-1024x347.png 1024w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/05\/20240418082639248-300x102.png 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/05\/20240418082639248-768x260.png 768w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/05\/20240418082639248-1536x520.png 1536w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/05\/20240418082639248-360x122.png 360w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2024\/05\/20240418082639248.png 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Home\u00a0 &gt; \u00a0Grow your Business\u00a0 &gt;\u00a0\u00a0Global Business Expansion Tips to optimise product sourcing from China B2B experts at AliExpo 2024 discuss top strategies to optimise and simplify product sourcing from China. Take a look. Key takeaways Utilise sourcing agents to streamline product procurement, from quotes to shipping Maintain cash flow and select the right financing [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":27843,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tips to optimise product sourcing from China | WorldFirst NZ<\/title>\n<meta name=\"description\" content=\"Let&#039;s break down the top strategies to optimise and simplify product sourcing from China.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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