It is the duty and responsibility of all Chinese business who majorly exports to the USA to start evaluating the risk of being dependant on the American Market.
While the American political leaders are announcing new trade barriers for Chinese products entering the US.
Foshan Ceramic and Sanitaryware company executives who export to the USA market should be reorganizing their market portfolio.
This hostile trade situation is the signal of the hard days to come within the Chinese and American trade relationship.
What if the situation deteriorates?
What if your American clients refrain themselves from placing orders because of the incertitude due to new policies timing and implementation?
What if your American clients have started new suppliers sourcing actions and buying from other countries with better trading relations?
So many questions will stay unanswered until the aftereffect.
But, should Foshan Ceramic and Sanitaryware major players and deciders stay inert neglecting the signs by waiting patiently to see the outcome?
No, that kind of conduct is irresponsible and unworthy of a company’s Investor or Executive Manager.
Being vigilant is not enough because; vigilance is the action or state of keeping careful watch for possible danger or difficulties.
Warren Buffet one of America’s most successful entrepreneur’s suggestion on investments is ;《“Don’t put all of your eggs in one basket. 》
Sir Ka-Shing Li, Hong Kong business magnate, investor, philanthropist and the 23rd richest person in the world wrote in his book: 《李嘉诚说说 li Jia Cheng shuo》on Chapter 8 paragraph 8《不要把鸡蛋放在同一个篮子里 》.
Those are main principals of investment.They are sufficiently clear and understandable and successfully proven.
Having a production line and sales team focused on one specific market is a risk.
Producing exclusively for the US market is being an imminent danger.
If you are ready to implement changes you should be able to answer these basics questions on how to diversify export market:
1. there a market more favorable and friendly to my products?
2. Are my products suitable for another export market?
3. Are there any benefits exporting my products to another market?
4. Which market should my company target and why?
5. What kind of cooperation is suitable for the targeted market?
If you are ready to make some changes join us.