With Los Angeles Fashion Week in the recent month, global sourcing communities like Tradegood are largely affected. Tradegood connects compatible buyers and suppliers in order to maximize profit and build long-lasting partnerships between companies.
The online trading portal connects buyers and sellers worldwide across several consumer products categories, with supplier verification services provided in association with Tradegood’s parent, Intertek Group.
China’s value added tax (VAT) system is one of the most complex in the world and one that requires significant effort to stay on top of its changing environment. VAT in China can have a real impact on the bottom line and recommend companies with exposure to the China market proactively and strategically manage their VAT operations.
Chinese counterfeit products now account for two-thirds of goods seized by US and UK customs. And China remains the largest manufacturer and exporter of counterfeit products worldwide. It’s a no-brainer, therefore, to say that the China market presents one of the most challenging environments for brand owners.
In the fast paced and evolving fashion industry, it has become more difficult to keep up with trends, suppliers, and buyers. In the last 2.5 years, Tradegood, a B2B sourcing company has changed that. Tradegood serves as the middleman by finding “responsible buyers” and connecting them with “trusted suppliers”.
Sourcing through the Tradegood database of verified suppliers greatly increases the speed of successful collaboration, as matched suppliers will have all their certifications and requirements proven in advance.