The China Supply Chain Nightmare: It Is Time to Panic
Fortune Magazine just came out with an article entitled: "Companies are beginning to panic: Experts say China’s lockdowns will make inflation and the supply chain nightmare even worse." To which my immediate thought was, "beginning"? Smart companies were panicking months ago; today is just the realization of so much of that panic. And do NOT say we did not warn you of all this. But before I turn to proving how our supply chain predictions have become reality, I will extensively summarize and quote from this Fortune article to get you up to speed with the disaster that is today's China supply chain.
How to Handle Your China Workforce During COVID-2
Many foreign companies with employees in China are looking to reduce their China workforce for obvious reasons. This is especially true in those cities where companies have employees that cannot work because of Chinese government mandated lockdowns and company shutdowns. But now is a not a good time for downsizing your China employee workforce, unless your plan is to leave China and never ever return.
A Live Discussion on Doing Business With a High Risk China
Doing Business With a High Risk China. Join us to discuss what is happening in China. and what your company can do to protect itsellf.
China’s Slowing Economy and YOUR Business
1. China’s Slowing Economy Will Impact Your Business You have no doubt seen the stories: China’s economy is hurting, and quite a bit worse than most. See e.g., China growth to fall behind rest of Asia (Financial Times); More Trouble for China’s Export Juggernaut (The Wall Street Journal); European Interest in China Investments Wanes (The
China and Web3 Crossover
Since launching our Web3 practice group, we have been getting steady inquiries regarding international business and web3 crossover, including China-affiliated companies. Essentially all web3 technologies are international in nature. But unless you are personally interested and invested in cryptocurrencies or your business is heavily dependent on blockchain technology, it is likely that you are part
Sourcing Product From China Just Got Even Riskier
Sourcing product from China just got even riskier. Theses risks have never been higher and they just keep increasing. The Russian war and COVID in China are the key causes for this increased risk and both are nearly certain to get far worse.
How Not to Get China Scammed
Scammers love operating internationally because it makes them more difficult to track and it also makes suing and collecting more complicated as well. They also seem to work better than domestic scams because the person being scammed too often thinks this is just how things are done in foreign country X because they do not actually know how things are done in foreign country X. Crossing borders increases confusion stemming from a lack of knowledge regarding language, culture, and regulation. All this combines to make international scams widely popular. In this post we discuss some of the more common scams and, most importantly, we discuss how to avoid getting scammed.
How to Calculate Your China Risks
As the Chinese government continues to expand its power and get more concerned about its slowing economy and how it is viewed by its citizens, it just keeps getting tougher on foreign businesses that are not 100% abiding by its laws. China is right now in one of its perpetual crackdowns on foreign companies doing business in China. This makes now a good time for foreign companies doing business in China or with China to determine their China risks. The following questions are a good starting point for making that calculation.
Investing in Your Business to Steal your IP
One of the more sophisticated and costly scams we see is what we call the "investing in your business to steal your IP scam." We see this scam maybe 4-5 times a year, mostly before they happen and mostly before the company realizes a scam is about to take place.