Finding the right supplier for your product idea may prove challenging. If possible, you should find one that you like working with, and they should also provide you with a quality product at a fair price.
Here are the steps involved in finding a supplier, and some of the many considerations you will have to navigate along the way.
The IMF (International Monetary Fund) data indicate a continued rise in the proportion of the global GDP accounted for by Asia. The Asian region almost doubles in importance in the 40-year period to 2020, rising from 18.3 percent of the global economy in 1980 to 30.8 percent in 2020.
Are you looking to import goods or commodities into New Zealand?
Will you be using them for business or commercial use?
There are some harsh lessons sometimes handed out in business. A good case was reported in the Shipping Gazette™ of a cargo owner with a shipment on board the ill-fated cargo vessel Rena.
Thinking about importing goods into NZ? Perhaps you can access better prices or superior quality overseas? Or maybe you’ve identified a market for goods that just can’t be sourced locally?
As an importer or exporter, you’re no doubt always on the lookout for ways to save your money. But there’s one place you shouldn’t be skimping on, and that’s cargo insurance.
A dangerous and highly effective new online scam is affecting New Zealand importers. The scam has already left several Kiwi businesses severely out of pocket, with some businesses losing deposits of over USD 250,000 to scammers.
Our clients often ask us about the goods that are restricted for importing to New Zealand. Can one bring necessary medicine, favourite DVD collection or some rare artwork as an unaccompanied baggage?
2-minute read (4-minute watch)
International Postal Regulations require that every item passing an international border is subject to Customs inspection in the destination country.
Importers to New Zealand need to beware of a legal ‘loophole’ that leaves you exposed to unexpected and unwarranted charges on your imported goods.
When you buy goods overseas under cost and freight rate (CFR) terms (see our Incoterms page for more about this), this should mean the seller covers the costs of freight to you in New Zealand.
But in some recent cases, importers have been hit with extra charges when their goods arrive, leaving them out of pocket.