Top 5 Tips for Choosing a Product Sourcing Company We Are Garden: Vietnam Sourcing Insights | Page 4
client. In this way, we are always able to find the best possible options for our
clients.
4. What are your biggest challenges as a business?
From an external perspective, with a number of companies recently moving out
of China, we are having to often compete with pricing that has been developed
over a long period of time with their previous suppliers and based on historical
volumes. Of course, we understand that price is important. However, we also
want to work with clients that recognize what we bring to the table which is
broader than just price and recognize the quality we produce.
Internally, our biggest challenge is wage inflation and staff retention. Wage
inflation is increasing at 3-5% per year. Our employees are central to our
business and lead to our long-term success. Therefore, we have created a
development program to help our staff grow and develop alongside our business.
5. What is the future for the Vietnam manufacturing base in your
product category?