Despite the pandemic’s numerous lockdowns during 2020 and 2021, one positive result has been a boom in sales for a lot of businesses as many consumers have chosen to upgrade electronic, exercise, and home office equipment, furniture, home and kitchenware, etc, due to spending more time at home and outdoors than before.
If your sales have been on the up you may be placing larger orders with suppliers in China than before, and with larger orders comes higher risks and more money at stake.
If you want to reduce your risks, several approaches may make sense for you, and I’ll outline four here…