China Devalued their Currency – Are You Over Paying?

The trade wars have escalated to a newly unexpected level as China allowed their currency to lose its value to 7 renminbi to the dollar.  This represents a 15% decrease in value, offering those that outsource products from China more buying power.

Some say this move is a way to combat the trade tariffs imposed by the Trump Administration, and fear this could be an uncertain economic 

According to the New York Times, the last time China’s currency was weaker than 7 to the dollar was in 2008, as the financial crisis mounted. Monday’s move by itself will not change China’s trade relations with the United States. But the shift past 7 renminbi to the dollar could represent a new stage in the economic conflict between the two countries.

What should you be doing?

1. Make sure you are paying for your product in the outsourced currency, not US Dollars.
2. Check your invoices for any unauthorized “adjustments” to pricing by the factory.
3. Learn which factories will adjust to the new currency levels, changing factories if it makes financial sense.

Alternatively, C-Solutions Group can negotiate on your behalf, either as a separate service or as a part of the Total Turnkey Solutions.  Existing Clients automatically get this added service at no extra charge.

Transitioning is Painful – But it doesn’t have to be

Those already aligned with C-Solutions Group will have minimal problems transition to sources in other countries as they already have partners world-wide.  These partners know the factories, can monitor the production, offer the same quality control, shipping and now offer negotiation services at a minimal cost.

For more information on Pricing Negotiation Services, CLICK HERE.

Partners are in place worldwide:

• European Union
• India
• Korea
• Vietnam
• Thailand
• Mexico
• Bangladesh
• And even RIGHT HERE IN THE USA!

Do you have the competitive advantage?  With C-Solutions Group you get the benefit of an easy management transition and still:

• Buy direct from top global factories
• Without a contractual obligation
• Reduce Risk with hands on local management of factory in your name
• Avoid the mistakes and markups of brokers and traders
• Low fees are normally self-funded with savings and satisfaction guaranteed
• Original research is free
• Have the power of a fortune 100 company with global offices without any of the fixed costs
• Verify QC overseas before making payments and losing leverage
• Decrease time to market

Our team of worldwide experts is ready to become your competitive advantage.

Contact us at info@csolutions.group or at 512-942-9371 for an easy explanation on how this transition can work for you.