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fashioneditswebsite · 5 years ago

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Do all major fashion and beauty brands get their products from the same manufacturer?

Would you guess that competing athletic apparel brands Lululemon, Under Armor, and Athleta use the same factory? Or that Benefit, Mary Kay, Revlon, Sephora, E.L.F., and Laura Gellar source cosmetic brushes, eye masks, and compacts from the same factory? What does this mean for consumers? For clothing companies, This could mean a supplier is providing clothing of comparable quality to a pricey clothing line as it is to a major discount store. For beauty brands, if you knew your $25 mascara came from the same source as a $2 drugstore mascara, would you think twice before buying? It would surprise most consumers to know that dozens of their favorite brands get their products from the very same factories. For more consumer takeaways, see Jungle Scout's brand new report exploring major retail brands and their global suppliers here. Jungle Scout is a SaaS company that helps people build businesses and sell products on Amazon. They support more than $1B of Amazon revenue. Here are their findings;

Where do big brands get their products? (Spoiler: it might be from the same place)

Jungle Scout has a tool called Supplier Database. It gives Amazon sellers the ability to find global suppliers to manufacture their products from its massive database of all companies that import goods into the U.S. Using this search feature, you can enter in keywords, vendors, and even companies to find out where items come from. Which major brands share manufacturers? We also looked at other major global suppliers and some of the top brands that source products from them across several major product categories. What did we find out? Countless major brands actually share manufacturers. And not only do they share them with their competitors, but with significantly higher- or lower-end brands within their industry as well. Check out the following examples, along with the critical new insights that can help consumers make more informed purchasing decisions: Product Category: Apparel Lululemon, Under Armour, Athleta, Land’s End, Duluth Trading Co., and Walmart source yoga pants, sports bras, and other exercise clothing from Eclat Textile Co Ltd. in Taiwan. Patagonia, The North Face, Helly Hansen, Mammut, and Puma source jackets, vests, parkas, and pants from Kwang Viet Garment Co Ltd. in Vietnam.Saks 5th Avenue, Lord and Taylor, Bass Pro Shop, Sears, Kmart, Primark, and Stage Stores (Stage, Peebles, Bealls, Goody’s, Gordmans, Palais Royal, and others) source t-shirts, pants, dresses, and more apparel from Norp Knit Industries in Bangladesh. Nordstrom, Old Navy, JCPenney, Bonobos, GAP, Ann Taylor, Marshalls, Uniqlo, Saks 5th Avenue, Lord and Taylor, Ralph Lauren, Land’s End, Banana Republic, and Joseph A Bank source sweaters, cardigans, dresses, tops, and other knitwear from South Asia Knitting Factory Ltd. in Hong Kong. What does this mean for consumers? While some brand groupings align based on product similarity (ie. exercise apparel from one supplier, or formal fashion wear from another), there is still a broad range of average price points for each brand from a single supplier. This could mean a supplier is providing clothing of comparable quality to a pricey clothing line as it is to a major discount store.Apparel manufacturers generally specialize by the material. They may purchase spandex/stretch exercise clothing from one source, cotton clothing from another, and knitwear from a third. However, many major apparel brands sell clothing made from many different materials. Therefore, the clothing lines are often produced in different factories all over the world. This raises quality control and design consistency challenges for many brands. Which major brands share manufacturers? We also looked at other major global suppliers, and some of the top brands that source products from them across several major product categories. What did we find out? Countless major brands actually share manufacturers. And not only do they share them with their competitors, but with significantly higher- or lower-end brands within their industry as well. Check out the following examples, along with the critical new insights that can help consumers make more informed purchasing decisions: Product Category: Apparel Lululemon, Under Armour, Athleta, Land’s End, Duluth Trading Co., and Walmart source yoga pants, sports bras, and other exercise clothing from Eclat Textile Co Ltd. in Taiwan. Patagonia, The North Face, Helly Hansen, Mammut, and Puma source jackets, vests, parkas, and pants from Kwang Viet Garment Co Ltd. in Vietnam.Saks 5th Avenue, Lord and Taylor, Bass Pro Shop, Sears, Kmart, Primark, and Stage Stores (Stage, Peebles, Bealls, Goody’s, Gordmans, Palais Royal, and others) source t-shirts, pants, dresses, and more apparel from Norp Knit Industries in Bangladesh. Nordstrom, Old Navy, JCPenney, Bonobos, GAP, Ann Taylor, Marshalls, Uniqlo, Saks 5th Avenue, Lord and Taylor, Ralph Lauren, Land’s End, Banana Republic, and Joseph A Bank source sweaters, cardigans, dresses, tops, and other knitwear from South Asia Knitting Factory Ltd. in Hong Kong. What does this mean for consumers? While some brand groupings align based on product similarity (ie. exercise apparel from one supplier, or formal fashion wear from another), there is still a broad range of average price points for each brand from a single supplier. This could mean a supplier is providing clothing of comparable quality to a pricey clothing line as it is to a major discount store.Apparel manufacturers generally specialize by the material. They may purchase spandex/stretch exercise clothing from one source, cotton clothing from another, and knitwear from a third. However, many major apparel brands sell clothing made from many different materials. Therefore, the clothing lines are often produced in different factories all over the world. This raises quality control and design consistency challenges for many brands. Product Category: Consumer Electronics Apple and ASUS source personal computers from Tech-Com Shanghai Computer Co Ltd. in China.Apple, Polaris, Kingston Technology, and Corsair source computer mice and trackpads from Primax Electronics Ltd. in China.Bose, AKG/Harman (a Samsung company) source headphones from Gamma Inc. in Taiwan.Jem Accessories (Jemtronix), Emerge Technologies, and Uno Wireless source Bluetooth earbuds, Bluetooth speakers, virtual reality (VR) headsets, balance scooters, and Bluetooth selfie sticks from Shenzhen Tilv Technology Co Ltd. in China. What does this mean for consumers? When it comes to complex technology products like wireless/Bluetooth technology, or high-quality audio, manufacturers specialize. This means similar products — though sold by different brands — will often come from one of a few specific suppliers. Product Category: Beauty L’Oreal, Tarte, Pixi, and Markwins (which owns Physician’s Formula, Wet n Wild, and Bonne Belle brands) all source mascara, eyeliner, brow pencils and related products from Shanghai Beukay Cosmetics Co Ltd. in China.Estee Lauder, Shiseido, Coty Inc. (which owns Covergirl, Clairol, Rimmel, among others), Walgreens, and Boots source lipstick, lip gloss, eyeshadow, and concealer from Intercos Cosmetics Suzhou Co Ltd. in China.Benefit, Mary Kay, Revlon, Sephora, E.L.F., and Laura Gellar source cosmetic brushes, eye masks, and compacts from Beauty Yaurient Cosmetics Accessories Co Ltd. in China. What does this mean for consumers? Designer brands often source their cosmetic products from the same manufacturer as drugstore brands. If you knew your $25 mascara came from the same source as a $2 drugstore mascara, would you think twice before buying?Spoiler alert: Much of your makeup comes from China, not Paris or Milan as the brands’ advertising might suggest. Product Category: Toys & Baby Hasbro, Walmart, Gamestop, Amazon, Costco, Universal City Studios, and Tomy International source plastic toys, action figures, transformer toys, plush/stuffed toys, and tricycles from Gift Vietnam Co. Ltd. in Vietnam.Playmobil, Hasbro, Hallmark, and Crayola source plastic toys, electronic toys, toy cars, toy swords/lightsabers, and creative toys from forwarding Winsome Industries Ltd. in Hong Kong.Walt Disney World Resorts, Hasbro, Target, Build-a-Bear source stuffed/plush toys and apparel from Dream Mekong Co. Ltd. in Vietnam.SkipHop, Belly Buds, LILLEbaby Booginhead, source baby carriers, activity/play centers, stuffed toys, silicone parts, soothing speakers, and more from Germton Worldwide Co. Ltd. in Hong Kong. What does this mean for consumers? Like other product categories, these suppliers specialize in certain materials such as plastic, plush, or electronic. Other products: YETI, Camelbak, Hydro Flask, Starbucks, Rubbermaid, and Klean Kanteen source stainless steel water bottles, vacuum flasks, and insulated bottles from Zhejiang Haers Vacuum Containers in China. Whirlpool, Electrolux, Weber-Stephen Products LLC source grill and stove parts and grates from Jih Shin Enamel Co. Ltd. in Taiwan.Bosch and Black & Decker/DeWalt source drills from Zhejiang Burley Tools Co Ltd. in China.Away and Tumi source aluminum luggage and parts from Allied Winner Hk Ltd. in China. So why do brands share the same factories? A supplier/manufacturer may specialize in certain materials and types of production, which could appeal to multiple brands. Some brands may also scope out their competitors and opt to use their manufacturer to create products of similar quality. Or, they may assume the supplier is trustworthy and affordable based on the fact that their competitors use them. However, it’s also possible that suppliers create higher quality products for certain customers. That, in turn, could allow those manufacturers to offer other clients savings on their own production, for items of slightly lower quality. That being said, without being directly involved in the manufacturing process for the companies involved in any given transaction, there is no way of knowing for sure the reasoning behind a brand’s choice in a supplier. What does this mean for consumers? As a shopper, knowing that certain products and companies share vendors may either act as a bit of relief (“This product is as good as that expensive one — I made the right choice.”) or as a wakeup call (“Do I really need this more expensive product if the quality is essentially the same as the lower-cost brand’s?”) After all, brand loyalty is decreasing among consumers, reports a 2019 Nielsen study. So why shouldn’t Target’s lower-cost clock beat Pier 1’s? Of course, it’s not always about price. Different brands offer different shopping experiences, customer service, or other benefits. Pier 1, for example, prioritizes merchandising their wares for home decoration specifically, working with interior designers to create a carefully curated store layout. Meanwhile, Target is an all-purpose store, offering far more than just housewares. It has robust online experience and a generous return policy. What does it mean for Amazon sellers? What differentiates many products (if they come from the same manufacturer) is the experience the consumer has in purchasing and owning the product. But, because Amazon takes care of much of this process and experience (ie. what often makes a brand a brand), sellers struggle to present this differentiation. However, there are still plenty of opportunities for sellers to add value to their customers’ experience. Brands can stand out from their competitors by using high-quality packaging, creating eye-catching and informative product listings, and providing responsive and friendly customer service. Overall, though, the biggest takeaway for Amazon sellers is that they can have their product manufactured by the same supplier as their biggest competitor (or major luxury brand) and use that to their advantage. Read the full article

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bountyofbeads · 5 years ago

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SARS Stung the Global Economy. The Coronavirus Is a Greater Menace.

In the nearly 20 years since SARS, China’s importance in the global economy has grown exponentially.

By Peter S. Goodman | Published Feb. 3, 2020 Updated 6:01 a.m. ET | New York Times | Posted February 3, 2020 |

In 2002, when a lethal, pneumonialike virus known as SARS emerged in China, the country’s factories were mostly churning out low-cost goods like T-shirts and sneakers for customers around the world.

Seventeen years later, another deadly virus is spreading rapidly through the world’s most populous country. But China has evolved into a principal element of the global economy, making the epidemic a substantially more potent threat to fortunes.

International companies that rely on Chinese factories to make their products and depend on Chinese consumers for sales are already warning of costly problems.

Apple, Starbucks and Ikea have temporarily closed stores in China. Shopping malls are deserted, threatening sales of Nike sneakers, Under Armour clothing and McDonald’s hamburgers. Factories making cars for General Motors and Toyota are delaying production as they wait for workers to return from the Lunar New Year holiday, which has been extended by the government to halt the spread of the virus. International airlines, including American, Delta, United, Lufthansa and British Airways, have canceled flights to China.

China’s economic growth is expected to slip this year to 5.6 percent, down from 6.1 percent last year, according to a conservative forecast from Oxford Economics that is based on the impact of the virus so far. That would, in turn, reduce global economic growth for the year by 0.2 percent, to an annual rate of 2.3 percent — the slowest pace since the global financial crisis a decade ago.

Returning from a long holiday for the first time since the coronavirus’ threat became clear, Chinese investors sent shares in China down about 9 percent on Monday morning. Stock markets around the world have plunged in recent days as the sense takes hold that a public health crisis could morph into an economic shock.

In a sign of deepening concern, China’s leaders on Sunday outlined plans to inject fresh credit into the economy. That will include a net $22 billion to shore up money markets as well as looser borrowing terms for Chinese companies.

Though China’s factories still produce a mind-bending array of relatively simple, low-value products like clothing and plastic goods, they have long since achieved dominance in more advanced and lucrative pursuits like smartphones, computers and auto parts. The country has evolved into an essential part of the global supply chain, producing components needed by factories from Mexico to Malaysia.

China has also risen into an enormous consumer market, a nation of 1.4 billion people with a growing appetite for electronic gadgets, fashion apparel and trips to Disneyland.

The trade war waged by the Trump administration has prompted a partial decoupling of the United States and China, the two largest economies on earth. Multinational companies that have used factories in China to make their wares have sought to avoid American tariffs by shifting production to other countries — especially Vietnam. The coronavirus might accelerate that trend, at least for a time, should global companies find themselves locked out of China.

The outbreak of the virus in Wuhan, a city that is home to 11 million people, prompted the Chinese government to effectively quarantine the metropolis and much of surrounding Hubei province, barring people from moving around.

Until now, the impact on factories was limited by the fact that the outbreak was unfolding during the Lunar New Year, the most important holiday of the year. Many businesses are closed during the holiday, while hundreds of millions of migrant workers return home to their families in the countryside.

In a bid to keep people home and halt the spread of the virus, the government extended the holiday through Sunday, adding three days. But the fear of the virus is so widespread and intense that many workers are likely to remain away from factory towns this week.

A frightening epidemic coinciding with a major holiday will almost certainly spell a substantial loss of sales for China’s tourism and hospitality industries. Hotels and restaurants that would normally be full of revelry are empty. Concerts and sporting events have been canceled. IMAX, the large screen film company based in Toronto, has postponed the release of five films it had intended to showcase in China during the holiday.

Even as the holiday officially ends, business is unlikely to return to normal. Many major industrial areas — including Shanghai, Suzhou and Guangdong province — have lengthened the holiday by at least another week, preventing workers from returning.

With flights to China limited and emergency public health restrictions in place, the Chinese operations of multinational companies are likely to be constrained. Major banks, including Goldman Sachs and JPMorgan Chase, are directing that employees who have visited mainland China stay home for two weeks.

General Motors last year sold more cars in China than in the United States. Its Chinese factories will be closed for at least another week at the request of the government. Ford Motor has told managers in China to work from home while its factories remain idled, said a company spokesman.

All of this could play havoc with businesses that depend on China for components, from auto factories in the American Midwest and Mexico to apparel plants in Bangladesh and Turkey.

If customers cannot buy what they need from China, Chinese factories could, in turn, slash orders for imported machinery, components and raw material — computer chips from Taiwan and South Korea, copper from Chile and Canada, factory equipment from Germany and Italy.

“This could potentially disrupt global supply chains,” said Rohini Malkani, an economist at DBRS Morningstar, a global credit rating business. “It’s too early to say how long it is going to last.”

Similar worries accompanied the outbreak of SARS in 2002 and 2003, when the virus emerged in the southern province of Guangdong before spreading across China and around the world, killing nearly 800 people in at least 17 countries.

China had just joined the World Trade Organization, gaining access to markets around the globe. It was harnessing its seemingly limitless supply of low-wage workers to produce cheap consumer goods. Its economy centered on exports. Its consumer market remained in its infancy.

In the years since, China’s annual economic output has multiplied more than eightfold, to nearly $14 trillion from $1.7 trillion, according to the World Bank. Its share of global trade has more than doubled, to 12.8 percent last year from 5.3 percent in 2003, according to Oxford Economics.

Its economic output per person has multiplied to roughly $9,000 last year from about $1,500 in 2003, giving households additional cash for an enormous range of consumer goods.

“China today accounts for about one-third of global economic growth, a larger share of global growth than from the U.S., Europe and Japan combined,” Andy Rothman, an economist at Matthews Asia, an investment fund manager, noted during recent testimony before a congressional panel.

The American semiconductor industry is particularly entrenched in China, which is both a major manufacturing hub and a market for its products. Intel’s customers in China accounted for about $20 billion in revenue in 2019, or 28 percent of its total for the year.

Qualcomm, the dominant maker of chips for mobile phones, is even more dependent on China, drawing 47 percent of its annual revenue — or nearly $12 billion — from sales in the country.

No one knows how long the coronavirus outbreak will last, how far it will spread, or how many lives it will claim. It is impossible to calculate the extent to which it will disrupt China’s economy. But China’s formidable stature in the world economy means that the impact of the current outbreak is likely to substantially exceed that of SARS.

“The knock-on effects for the global economy are going to be much larger than they were,” said Nicholas R. Lardy, a China expert at the Peterson Institute for International Economics in Washington.

For manufacturers, the timing of the outbreak may limit the damage. They just completed the fourth quarter, when production increases to meet demand for the winter holidays. The end of January is typically slow.

But the effects of the virus on supply chains, which have grown notoriously complex, are difficult to anticipate. A single part of an advanced product like a smart TV may be made of dozens of smaller components, with each of these assembled from other pieces. Companies themselves often do not know the suppliers that are three and four rungs down the chain.

“If you run out of widgets that are essential to production processes and all those widgets come from China, then it may well be that your production lines go to a halt,” said Ben May, global economist at Oxford Economics in London. “These problems are likely to be popping up all over the world.”

This became a problem in the aftermath of the 2011 earthquake and tsunami in Japan, which devastated manufacturers. Many companies assumed they were buying parts from a diverse range of suppliers, protecting them from shortages, only to realize that critical components were produced by single plants.

If that plays out in China, the consequences are likely to be great.

“We’re talking about a potentially vast swath of a country that the whole world depends on as a manufacturing workshop,” said Susan Helper, an economist at Case Western Reserve University and the former chief economist at the Commerce Department. “The effects will be unexpected.”

Apple assembles most of its products in China. The company has severely restricted travel in China for its employees, its chief executive officer, Timothy D. Cook, said on an earnings call on Tuesday.

Apple disclosed much wider volatility in its potential revenues for the current quarter in the face of uncertainties around factory production and sales of its products.

Those uncertainties deepened on Saturday. Apple, which derives about one-sixth of its sales from China, announced that it would close its 42 stores in the country.

Walmart buys vast volumes of its products from Chinese factories while operating 430 stores in the country, including in areas shut down by quarantine. The company has reduced hours at some stores, a Walmart spokeswoman said.

“We may still be in the early stages,” of the coronavirus crisis, Judith McKenna, who runs Walmart’s International business, wrote in an internal memo on Friday.

China is the world’s largest manufacturer of toys. At the International Toy Fair in Nuremberg, Germany, many Chinese suppliers expressed confidence that their factories would soon reopen, said Rick Woldenberg, chief executive of Learning Resources, a family-owned manufacturer of educational products and toys in Illinois.

“But no one’s quite sure how much of this information can be relied upon,” Mr. Woldenberg said.

Because of the trade war, the toy industry was effectively prepared for a moment in which its access to Chinese suppliers was imperiled, Mr. Woldenberg said. In December, when the Trump administration was threatening to impose an additional 15 percent tariff on Chinese imports, many toy companies sped up their orders to beat the deadline. Some shifted production to Thailand and Vietnam to avoid the tariffs altogether.

Toymakers will soon need to rebuild inventory. “If this goes on for four more months, we are talking about a big problem,” said Jim Silver, chief executive of TTPM.com, a consumer research site.

After SARS, China suffered several months of economic contraction and then rebounded dramatically. That might happen this time, too. The only certainty is this: Whatever happens in China will be felt widely.

“Clearly China has become a much more dominant player in the world economy,” said Mr. May of Oxford Economics. “It’s just so much more involved in the global supply chain. Over the last decade, it has been the spender of last resort for the global economy.”

______

Reporting was contributed by Jack Nicas, Patricia Cohen, Emily Flitter, Ian Austen, Don Clark, Michael Corkery, Julie Creswell, Neal E. Boudette and Gregory Schmidt.

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Virus threatens U.S. companies’ supply of Chinese-made parts and materials

By David J. Lynch | Published February 02 at 6:49 PM EST | Washington Post | Posted February 3, 2020 ¦

The battle to contain the Chinese coronavirus threatens to cut off U.S. companies from parts and materials they need to produce iPhones, automobiles and appliances and drugs to treat medical conditions including Alzheimer’s disease, high blood pressure and malaria.

Some of the United States’ best-known manufacturers such as General Electric, Caterpillar and the Big Three automakers, along with many smaller American businesses, depend on what is made in Chinese factories.

Now, they confront life without those items. Major airlines in the United States and Europe are halting their cargo and passenger flights to China for up to two months. Recent visitors to the country are barred from entering the United States.

After four decades of growing integration with the rest of the world, China almost overnight has become an economic island. Its temporary isolation — no one knows for how long — will hurt companies that depend upon Chinese inputs as well as those that sell to Chinese customers.

Consumer electronics makers are among the most vulnerable, because many game consoles, smartphones and tablets are made in China. On Saturday, Apple announced that it had closed all of its corporate offices and retail stores in China — where it booked $44 billion in sales last year — until Feb. 9 because of the virus.

“The concern is not the zombie apocalypse with people dying in the streets. The concern is that a huge chunk of the global economy gets put out of commission as people wait it out,” said Patrick Chovanec, managing director at Silvercrest Asset Management in New York.

White House advisers so far have played down the disease’s effects, with President Trump’s top economic aide, Larry Kudlow, saying last week that he expects the virus to have “no material impact” on the U.S. economy.

Most Wall Street economists, likewise, say the economic damage will be limited. Economists at JPMorgan Chase Bank on Friday cut their first-quarter global growth estimate by 0.3 percentage points to 2.3 percent. But they predicted a swift rebound that would return China and the global economy to their pre-crisis trends by midyear.

The sanguine forecasts are based in part on a disease outbreak from 2003: The Chinese economy recovered quickly after severe acute respiratory syndrome (SARS), another fatal flulike infection, temporarily emptied offices and factories.

But there is no guarantee that the coronavirus will trace a similar path. Already, there are indications that while the new virus is less lethal than SARS, it spreads more easily.

China’s $14 trillion economy also is four times as large as it was 17 years ago and far more globalized. About 150 million Chinese business executives and tourists took an international flight in 2018, the most recent data available, more than seven times the 2003 figure, according to JPMorgan. Globally, the number of shipping containers moving among the world’s ports has almost tripled, according to the United Nations.

In Youngstown, Ohio, Phantom Fireworks worries that a prolonged hiatus at its Chinese supplier may prevent it from importing sufficient inventory for the Independence Day celebration.

Though its vendor in Liuyang, about 200 miles from Wuhan, is scheduled to reopen on Feb. 10, Phantom executives say the shutdown will probably last at least an additional week and perhaps several more. Chinese officials also closed the southern port of Beihai late last week, severing a key export link. Few alternative producers exist outside China.

“We’re in a very precarious situation, no question about it,” said Alan Zoldan, the company’s executive vice president. “I’m not very confident at all. It’s pretty unprecedented territory.”

Precautions that the Chinese and American governments are taking to stop the spread of the coronavirus, justified on grounds of medical necessity, are raising the potential economic toll. An official quarantine will keep factories across much of China, closed since Jan. 24 for the Lunar New Year holiday, shut for at least one more week, maybe longer.

Three major U.S. airlines — United, American and Delta — suspended flights to China until the end of March. American grounded its planes immediately, one day after its flight attendants union sued the company, arguing that the virus made such trips unsafe. United and Delta will stop flying at the end of the week.

That means trans-Pacific airfreight shipments will be limited for at least two months even if Chinese factories return to normal operations before then. (FedEx says that for now it is continuing its flights.) Some U.S. companies are drafting contingency plans for supply disruptions that linger into April or May, according to Craig Allen, president of the U.S.-China Business Council.

China is the largest export destination for 33 countries and the top source of imported goods for 65, including the United States, according to a 2019 McKinsey Global Institute study.

The accumulating uncertainty is unnerving investors. The Dow Jones industrial average fell more than 600 points, or 2.1 percent, on Friday.

The U.S. dependence on China was on display two years ago when American companies first sought to dissuade the Trump administration from imposing tariffs on Chinese goods.

Among those lobbying for relief was GE, which relies on its Chinese factories for parts to produce CT scanners, ultrasound and X-ray machines, oil field pumps, valves and motors, and aircraft engine components.

“There are certain inputs that cannot be readily sourced outside China,” Del Renigar, a top official in GE’s Washington office, wrote to the Office of the U.S. Trade Representative.

Finding a replacement for Chinese suppliers would not be easy. Dayco, a maker of engine parts and drive systems in Troy, Mich., said it would need two years to qualify new U.S. suppliers and to secure the needed approvals from its customers to use them.

Prinston Pharmaceuticals of Cranbury, N.J., depends on Chinese ingredients to make medications to treat high blood pressure, Alzheimer’s and depression. Novus Pharmaceuticals said its Chinese plant was the only source approved by the Food and Drug Administration for coartem tablets, a treatment for malaria.

Electronic component maker AVX of Fountain Inn, S.C., produces ceramic capacitors at its plants in Tianjin and Shenzhen, which its industrial customers in the United States use in automobiles, microwave ovens, washing machines, radios and television sets.

The impact of an interruption in Chinese supplies will depend on the duration of any cutoff, which is unknowable, and the size of current inventories, which companies generally do not disclose.

The number of people with the coronavirus has soared above 14,000, and more than 300 Chinese citizens have died. In response, Trump on Friday declared a public health emergency and barred foreign nationals who had been to China in the past 14 days from entering the United States. American citizens returning from the country will be subject to health screening and up to 14 days in quarantine.

The president’s decision came one day after the State Department warned U.S. citizens against all travel to China and the World Health Organization declared the outbreak a global health emergency.

China, which in recent years accounted for about one-third of global growth, is now radiating economic weakness. The immediate impact of the health crisis will slow its domestic economy. First-quarter growth will dip to an annual rate of 5.2 percent, down from 6 percent in the final three months of last year, the most abrupt slowdown in nearly 10 years, according to PNC Bank.

“It’ll bounce back when it’s over,” said Allen, the U.S.-China Business Council president. “But we don’t know when it will be over.”

Chinese consumers sheltering in their homes rather than engaging in traditional holiday activities will spend less, while factory closures affecting millions of workers threaten parts shortages for American electronics or auto plants, economists said.

In one sign that the virus will have enduring effects across the world’s second-largest economy, the Ladies Professional Golf Association late last week canceled the March 5-8 Blue Bay golf tournament on Hainan Island. That’s about 1,000 miles from Wuhan, where the virus originated.

More than 50 million Chinese residents remain under a lockdown. The government already extended the Lunar New Year holiday to Monday. Factories in Hubei province, the epicenter of the outbreak, have been ordered closed through Feb. 13. Other provinces plan to restart production on Feb. 10.

“We believe there will be a disturbance at least until the end of February and possibly into mid-March,” said Sebastien Breteau, chief executive of QIMA, a supply-chain consultancy. “We are not very optimistic.”

More than 450 U.S. importers use suppliers in Hubei province, according to London-based Panjiva. Electronics manufacturers rely on Chinese suppliers for up to 50 percent of their components, while automakers get 15 percent from China, according to Chris Rogers, a Panjiva supply-chain specialist.

Some U.S. and global manufacturers will face higher costs even after their Chinese suppliers resume normal operations. Airline cutbacks will mean less space available for the industrial shipments — known as “belly cargo” — that travel in the hold of commercial jetliners.

“The scale of the airline cutbacks really caught my attention,” said Phil Levy, chief economist for freight forwarder Flexport. “This is a big network. You carve China out of it and it’s going to affect goods to Europe and goods to the U.S.”

As health officials fight the virus, the earliest and most severe economic consequences will be felt by China’s Asian neighbors. Countries such as Thailand, Malaysia, Vietnam and the Philippines are tied into production networks centered on Chinese manufacturers and also have benefited from the past decade’s boom in Chinese tourism.

Aftershocks also are certain to be felt by major commodity-producing nations, such as Australia, which supplies China with much of its iron ore. The Baltic Dry Index, a gauge of bulk shipping costs, fell Friday for the 10th consecutive session and is now down 49 percent this year.

Of the advanced economies, nearby Japan and export-dependent Germany will feel the greatest chill.

Conventional economic forecasting is ill-equipped to calculate the impact of such an unpredictable health emergency, said Torsten Slok, chief economist for Deutsche Bank Securities. His baseline model for the U.S. economy relies on 200 equations.

“I just don’t know which equation I should be putting this in,” he said. “I just don’t have a good framework for assessing the risk.”

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#u.s. news #trump administration #politics #politics and government #china news #china #chinatravel #trump china #worldtraveler #world travel #worldpolitics #world news #coronavirus

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extremesolutions27 · 5 years ago

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AjkerDeal.com is the largest online marketplace in Bangladesh; this B2C marketplace has been launched in September, 2011. Throughout the last five years, AjkerDeal has been trying out & out to earn the trust of Bangladeshi online shoppers & now it is the most popular online marketplace in Bangladesh-both for the buyers & the sellers.

We have accommodated more than 150000 products from around 500 different categories on our Site. Just visit our Site & find all your needs & wants under a single umbrella. Every day we are adding around 1000 products to our categories. More than 2000 top rated sellers are working with us; all these merchants are trusted names in the online market in Bangladesh. They provide high quality products at a reasonable price to the customers of AjkerDeal.com. Simultaneously we always check product quality & verify product price in the market before displaying them in front of our customers. The vast range of our products includes apparels, ornaments, watches, cosmetics, perfumes, shoes & sandals, mobile phones, electronics, household appliances, kitchen appliances, gadgets, computer & computer accessories, laptops, foods & beverages, sports items, books & CD, musical instruments, home decoration products & what not !

Our apparels are categorized on the basis of men’s & Women's shopping needs so that they can get here whatever they want. There are lots of women’s salwar kameez, Saree, kurti, palazzo, leggings, western dresses like skirt, tops etc., burka & abaya available on our Site. There are also Punjabi, shirts, t-shirts, polo shirts, jeans, twill & gabardine pants, sleeping trousers, underwear & so on for men. Complete your style from our collection of shoes & sandals, leather items, belts wallets, bags & purse etc. We have the most exclusive t-shirt collection online in Bangladesh. All these T-shirts are really stylish & comfortable to wear. Experience our mildest care from our wide assortment of products for your baby & kids. We offer a lot of things for the care of your new born. Buy babies' skin and hair care products online from our website & take care of your babies’ sensitive skin. We have finest quality baby diapers on our Site. There are also huge varieties of baby toys for your baby’s play time and learning. There are also a lot of learning kits and books for kids.

To make your household works easier, we offer a huge variety of electronic and home appliances online. Make your shopping more delightful with our exclusive offers. We also provide a number of furniture & home decoration products for your happy home. You can find different types of multi-functional tools for easy repairing of your household products. See the best online collection of kitchen and dining products on AjkerDeal and order now. Enrich your kitchen experience with the best quality roti maker, pressure cooker, induction cooker, microwave oven, frying pan, barbecue grill machine, sandwich maker, blender, chopper, cutter, peeler, meat tenderizer, manual juicer and many more attractive kitchen tools & accessories from ajkerdeal.

Are you a foodie? Come to our Site & satisfy your palate with the mouthwatering sweetmeats! We give you the fresh taste of all traditional sweetmeats of Bangladesh; there are roshgolla, chomchom, roshmalai, sondesh, sweet curd & all other types of Bangladeshi sweetmeats available on our Site; we also provide fresh honey, dry food, snacks & beverage. Don't forget that AjkerDeal is the most reputed online seller of chocolates in Bangladesh. We offer the daily needs of our customers at an affordable price. There are 99 offers where you can buy products ranging from tk. 99 to tk.1999.

We really care for all ages of people and so our Site enriches with wide assortment of products at your fingertips. Celebrate Eid, Puja, Falgun, Boishakh, Christmas and all other festivals with Ajkerdeal.com. We offer the most trendy fashion wears like saree, salowar kameez, Punjabi, kids dress during every special festival. Browse our site for all the new and exclusive collection for upcoming festivals.

For men, we accommodate all kinds of shaving accessories including shavers, trimmers, after shave lotion & balm, shaving, gel & foam and so on; you can get these products on our Site from world famous brands such as Kemei, Mozer, Gillette & others. Shop online from ajkerdeal for all types of Smartphone , tab, laptop, camera and laptop accessories & camera accessories from Ajkerdeal.com. Our smartphones come from the original brands and with warranty from the manufacturer. Ajkerdeal provides all world-famous brands of Android, IOS, Windows & Blackberry smart phones. Here, you will also find the Super-slim FLY Tornado mobile phone. We have the best online collection of smart phones that includes brands like Samsung , XIAOMI , Huawei , HTC, Sony, Symphony , LG, Oppo, Oneplus, Asus, APPLE , Lenovo , Meizu etc. A smart watch has now become a trendy accessory for both men & women; we have a great collection of Smart watch at a very reasonable price. Get both SIM-supported & SIM-less smart watches on ajkerdeal.com.

Check out our vast collection of computer accessories; we have all necessary accessories including mouse, keyboard, monitor, speaker, headphone, modem, router , projector, printer, scanner, anti-virus, pen drive, web cam, processor, motherboard, hard drive, RAM & what not. You will find a number of branded & stylish wired & wireless Headphone on our Site. We also have high capacity Branded Power Bank on our Site; all these power banks are quality checked. We have an array of branded television on our Site; these televisions are LED, LCD, HD & Smart TV; we also have the latest Curved televisions.

Buy security gadgets online from AjkerDeal.com for the safety and security of your family and office. We provide CC camera, IP camera, NVR/DVR to suit your needs. Besides, there are also handheld metal detectors, vehicle search mirror etc.

We care for your health and so we have a lot of health care products online to give you relief from different types of physical problems. There are different kinds of products that will heal you from any kind of physical pain. We also have a herbal section where you will find the best quality Ayurvedic & Unani medicines.

A lot of products are available on our site those are promoted through television programs; some of these hot products are body shaper, slimming belt & slimming vest, hot shaper pants etc. You can also find all the products newly arrived online from our new arrival categories.

How to order: For purchasing your selected products, click on the image of the products and find the details, then click on ‘order now’ button for confirming your order. You can add a lot of products to the wish list from where you can keep your favorites which you want to buy later on. There is an order tracking option through which you can track your order with your booking code or POD number.

Our Customer Service: Ajkerdeal.com is the biggest online shopping mall with the best customer service in the country. Our CRM department remains open 24 hours, 7 days in a week to provide the best service to our valuable customers & sellers by a flock of well-trained agents. Feel free to contact us for any query at our hotline numbers: 09638-000-777 or email us at [email protected].

Easy Refund & Replacement Policy: We have a very easy & convenient refund & replacement policy for our customers. If you feel any problem after receiving your products from AjkerDeal, products can be changed through a few very easy steps. You can also get the full price of your purchased products through our flexible money refund policy. You can complain through an e-mail for any kind of dissatisfaction regarding your received products; just send an e-mail to [email protected] describing your problem. Members of our Complain Management Team will ensure your replacement or refund at the quickest possible time.

Flexible payment methods: We offer COD (cash on delivery) for our products even to customers of hyperlocal areas of the country. We also allow you to make online payments through a wide variety of methods including bKash, Surecash, Visa, Master card etc.

For a better communication, we are always connected to you via twitter, Linkedin, Google+. We are also available on Facebook; be a fan of our Facebook page and inbox us at https://www.facebook.com/ajkercrazydeal. We provide best quality products and service at the best price. So sign up right now to get anything you need from the largest online marketplace.

#Online #Shopping #Bangladesh

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sublimechaospizza-blog · 6 years ago

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E-Commerce Website Reviews

Daraz: Daraz – a globally leading e-retail brand officially launched its operation in Bangladesh as daraz.com.bd, a venture by Rocket Internet – one of world's largest Internet & mobile platforms. Daraz, which means 'Drawer' in Urdu, is well on its course to becoming the country's number one online shopping destination. Yellow, Noir, Symphony, The Body Shop, Huawei, Samsung, Walton, Aranya, 6 Degree Mobile, Shada Kalo, Apple, LG, Fastrack, MAC, Nikon, Ecstacy, Panasonic, Doors etc are just a few of the global and local leading brands who have already set up e-stores with daraz.com.bd with excellent sales reviews.

AjkerDeal: AjkerDeal is the largest online shopping site in Bangladesh. Established in September 2011, this B2C site has already become a trusted marketplace for both sellers & customers. Right at this moment, AjkerDeal is the most popular shopping site in the country. AjkerDeal tends to be the people’s marketplace; that’s why we have both high-priced branded products as well as low-priced non-branded products on our site. We have a huge collection of 200k products from a number of versatile categories. AjkerDeal is the only site in Bangladesh where you can find every type of products under a single umbrella-from pen to the printer, bicycle to sedan car, iron to washing machine & what not! Around 5000 top sellers of the country sell their products to the valuable 500K customers via AjkerDeal. Every day, more than 1000 new products are added to our collection.

Pikaboo: Pikaboo is a stylish, pretty and trendy fashion brand that was born out of a deeply personal experience - I myself became a mother to a darling daughter and felt the need for a good fashion brand for her. This drives the core of my business at Pikaboo - it's a personalized, personal store that exudes the human touch, and has my personality etched onto all of its aspects. At Pikaboo, we don't try to dress children for routine days. One comes to Pikaboo when there is a special occasion - a party, a photo shoot or just a mother's whim to make her baby look snazzy and cute! Pikaboo, being a boutique, has a powerful organic personality. It is not a machine run on systems and rules - it's a personal experience. Everything on Pikaboo is hand-picked, and hard to find anywhere else. Pikaboo's products are not random, and one glance at the store's offerings makes apparent a certain consistent taste.

Bagdoom: Bagdoom does not just sell lifestyle products, Bagdoom is here to become a lifestyle!

Be it simple, casual or luxurious; trendy, unique or traditional, Bagdoom presents you all. Daily lives, occasions, needs and necessities, celebrations, desires and wish lists – Bagdoom checks it all off. We believe life is not made up of days but each day is a realm of life, where every second is a different color and every color represents Bagdoom! Our prime focus is the youth, referred colloquially as the “Bagdoom generation” and we are here to be a part of their lives, not just by selling the brands which rest under their hood but also by writing a part of their daily life stories.

Bagdoom is that little spark of fun springing out of a droning afternoon, that unconscious twist of hair made while losing yourself in thoughts of wonderland, rocking the floor with confidence being no one but yourself or the three sips of tea turning into a moment of a lifetime with the right people – it is all Bagdoom.

Startech: Star Tech & Engineering Ltd. represents a large number of reputed international manufacturers and suppliers for a variety of computer products since its debut in 2007. From the very beginning, our motto has been “CUSTOMER FIRST”! For the quality service, our Customer Service Department has earned the satisfaction and trust of our respected clients. Our Marketing Department, comprising of highly educated and experienced professionals with exposure at home and abroad, has been given required training to be able to communicate with our clients properly and be sensitive to their needs. Our objective is to create a friendly, warm atmosphere for our clients, which allows them to choose and buy their computers according to their individual tastes and requirements. The efforts of the company are adequately supported by Importation, Assembling, Hardware Engineering, Software Development, Web Designing, Logistics, General Service, Material Procurement & Quality Control, Accounts & Finance, and Legal & Public Relations Department adequately support the efforts of the company. Star Tech has an efficient Engineering Department for generating innovative ideas and developing quality products.

#review #bangla news #bangladesh #good #new #marketing #market

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soothingstar-blog · 7 years ago

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Daydream VR

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