Inventory Sourcing from Overseas: Risks and Challenges

Sourcing goods from across seas is a lucrative idea, especially when you have a budding business which is already growing faster than expected. However, there are a number of things that come into play when dealing with overseas transactions; import and export laws, legal implications, quality, feasibility are just a few of them. Here are some important things cannot be overlooked if the global outsourcing is on the agenda: Legal Implication Sometimes, one product covered under a patent in a certain country can be illegal to monetize in another, and vice versa. Manufacturers can often overlook these nuances and ship the product anyway, potentially causing…