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Sam Boyd
6.7K posts
Sam Boyd
@bysamboyd
Produced over $200M in goods, shipping for 800+ brands with @guidedimports | Sharing the wild side of manufacturing in China
Bangkok, Thailand Katılım Haziran 2011
278 Takip Edilen1.1K Takipçiler
@BlackLabelAdvsr Find me one factory in the US that would accept $5,000 for anything other than a quotation..
x.com/Evan_Swanson_/…
Evan Swanson@Evan_Swanson_
Wow this makes no sense US supplier won’t give me a quote for production until I’ve paid a deposit Too much effort to give quotes Going on 200 US supplier outreaches and the options are so sad for SMB
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The frustration I've seen from these China tariffs from importers is that no other country can compete with China on QUALITY as well as PRICE.
Most people assume Made in China = bad, but its because you wouldn't believe exactly how much is made in China.
ZOYA ✪@HeyZoyaKhan
China just destroyed the $400B global BIG luxury Brands market in a week. Sales are plummeting for LV, Gucci, Hermès, Chanel Chinese creators are exposing the truth... Thread🧵
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@BlackLabelAdvsr They abandoned communism during Deng Xiaopings reforms. Its more like state controlled capitalism that uses the "Communist" cover as a strategic label.
They push nationalism, not Marxist ideals. So I'm not so sure about thats their Achilles heel.
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@BlackLabelAdvsr Brief history on China:
1978 Deng Xiaoping initated economic reforms that opened up China.
1990s they come major hub for manufacturing textiles, toy, electronics
2010 - they surpass U.S as world's largest manufacturing nation by output.
Thats a 47 year head start.
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@bysamboyd Yes, I have! And I agree. This will be a revolution. And revolutions take time.
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@BlackLabelAdvsr They're cancelling orders where their customer have payment terms. Most businesses are holding goods at the factory, opting not to ship. So factories don't want to take the risk that you'll abandon your goods and never pay due to tariff hikes.
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Chinese factories are cancelling orders.
We are witnessing the next domino to fall. This tells me that Chinese factories are undergoing extreme cash flow issues since hundreds of thousands of brands are asking factories to store their goods in China until there’s a new trade deal with China.
Also, ocean freight bookings have dropped off the side of a cliff. What’s mind boggling is that Vietnam ocean bookings have surpassed China.
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@markoa business books bug me because the writer starts with concepts they want to teach the world. Get a publishing deal to add a bunch of fluff to make the lessons feel valuable and then sell the book.
But if the writers just shared their lessons, most wouldn't listen. Its weird.
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should you need to read a 200+ page book in order to set a couple of business goals?
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@Haitch_Online In PH,
Base for an entry level admin: $500 - $600
Specific skill, but still entry level: $600 - $750
As they start gaining experience, salary bumps accordingly.
From my end, in PH, usually salaries cap around $3000.
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@michaelpatron0 This works on the services side, too. I have multiple posts that show up on position 1 for certain keywords. I have a post from a few years ago that gets about one lead in my dm's weekly and more that are clicking to my website.
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Reddit HACK for any product company: I read similar somewhere but also have my own thoughts on this hack. It is mostly theory but I have seen this with my own brand organically but the gist is basically:
1. Find popular search terms related to your brand. Eg if you sell...
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Tariff Updates:
🇺🇸 Tariffs: Additional 25% on imports from Canada and Mexico; 10% on imports from China (cumulative with existing tariffs).
Canada's Response: 25% tariffs on select U.S. goods.
De Minimis Rule: $800 import exemption removed for Canada and China; Mexico likely to follow.
Expect increased costs and potential delays; adjust sourcing strategies accordingly.
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Name a country whose manufacturing infrastructure can compete with China.
IF/when the shift happens at mass scale, we’ll see it from a satellite view.
Marco Castelli@macastel3
If you buy from China, don't worry, you are in good company - Apple make 90% of their products here - Amazon, more than 70% - Walmart more than 60% The three largest US physical goods companies source from here and haven't switched to other countries There must be a reason
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@Sei02579989 @macastel3 Most likely you’re fielding calls. These discussions have been constant for the last 10+ years.
The chatter is there, but the shift hasn’t begun.
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@macastel3 Apple is fast building plants elsewhere. So are most other companies. I’m in M&A in Japan and I get calls every week from J clients who want to diversify away from China.
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If you buy from China, don't worry, you are in good company
- Apple make 90% of their products here
- Amazon, more than 70%
- Walmart more than 60%
The three largest US physical goods companies source from here and haven't switched to other countries
There must be a reason
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Time will tell. We had a customer that imported raw steel into the US for their manufacturing. Trump Tariffs hiked the duty up to 200%+. They moved manufacturing to China and pay 25% tariff on the final product.
Personally I think tariffs are good, but I think it might get a little screwy for some importers in the coming years.
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@Molson_Hart This is the interesting part for me. I think a lot of small brands can do what you’re trying to do, but not all raw materials are sourced in the US. So you might get hit with tariffs on raw materials that end up being higher than the tariff on the actual product.
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It’s clear now that wages were never the core issue. The tentative agreement includes a wage increase of about 62% over six years. Both parties announced that they would extend their master contract until January 15, 2025, allowing more time to address unresolved matters.
What’s still on the table?
Automation.
If the Biden administration had invoked Taft-Hartley, there would have been a 90-day cooling-off period. January 15, 2025, extends this to 104 days. If the issue of automation isn’t resolved by then, we could find ourselves back at the same point.
Get ready.
Sal Mercogliano (WGOW Shipping) 🚢⚓🐪🚒🏴☠️@mercoglianos
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Top Supply Chain Disruptions:
🌍 World War II: Trade routes disrupted.
🛢️ 1973 Oil Crisis: Fuel shortages and recession.
🌋 1994 Northridge Earthquake: Parts shortages, delays.
💾 2000 Y2K Scare: Temporary product shortages
✈️ 9/11 Attacks (2001): Logistics delays, security increase.
😷 2003 SARS Outbreak: Lockdowns, supply chain disruptions.
🌊 2011 Japan Tsunami: Production halts, delays.
🚨 COVID-19 Pandemic (2020): Factory shutdowns, shortages.
🚢 Ever Given Blockage (2021): Canal blocked, economic losses.
🔌 Chip Shortage (2020-2022): Semiconductor shortages, delays.
How many do we have going on at this moment?
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What's the deal with this port strike shit?
Like does my business have to continuously get fucked, or will it be resolved shortly?
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