Global Product Sourcing

The rate of globalization along with recent developments due to COVID-19 have complicated global product sourcing, procurement, and product development projects. As a result, a global sourcing company can be utilized to decide on the right market to manufacture your OEM products, parts, and components and to find a supplier that meets your exact requirements. Asian Sourcing from countries such as China, Taiwan, Vietnam, Thailand, India, or other developing countries is a time- and resource-intensive activity that not every business can afford to complete on its own.

YM Global is a sourcing partner that steps in to make the process easier and be your eyes and ears on the ground for global product sourcing. We have been a global sourcing company and procurement agent for over 15 years. We originally focused on China and Asian suppliers in the 2007 and have gradually expanded our expertise into other developing countries around the world. We are keenly aware of how important a flexible supply chain has become for most businesses.

We have continued to develop and grow our global product sourcing team and now have a network of international sourcing engineering specialists in China. 

If your goal is to find a global sourcing company with an on-the-ground presence and expertise in China, look no further. We have a proven methodology that can be tailored to your specific Asian sourcing needs.

The first step is to understand your core requirements to make informed decisions about production location and import requirements. We can assess your potential or new suppliers on-site and provide detailed reports on their:

  • General operations
  • Quality systems
  • Qualifications
  • Capabilities

If required, YM Global also acts as a procurement outsourcing service provider for your Chinese suppliers. This entails locating and managing your entire supplier base.We assess supplier performance and proactively solve issues in a timely and cost-effective manner. YM Global’s sourcing specialists:

  • Document existing issues and requirements
  • Audit the supplier’s facility
  • Analyze their operating conditions
  • Create a corrective action report.

We even guide the supplier through the successful completion of these actions where required. We pride ourselves on making the design, development, and import of goods from Asian suppliers as transparent as possible for our clients.

At YM Global, we do not prescribe to a one-size-fits-all approach but rather in close collaboration determine the correct strategic procurement strategy for each of our clients. Together we choose the right market through analyzing products and materials, country capacity, and raw material origin. Our goal is to:

  • Find the right suppliers
  • Meticulously manage them through continuous improvement
  • Re-evaluate the purchasing strategy periodically.

Supply Chain Diversification

Considering the current uncertain climate of trade between China and the US, associated tariffs, and the effects of COVID-19 on the global supply chain and China in particular, supply chain diversification has never been more critical.

YM Global is well equipped and experienced to guide clients through this process and propose competitive yet high-quality alternatives for an existing Chinese supplier base. Importing goods from more suppliers can reduce risk and costs and prepare your organization for the global challenges that may lie ahead in today’s dynamic trade environment. Contact us for more information or to discuss your supply chain diversification ideas.