Amid a tightening labor market and rising wage demands, manufacturing in China isn’t as cheap as it used to be.
The new dynamic has some U.S. firms looking for the next frontier in outsourcing, and the search leads, in many cases, to Southeast Asian upand-
comer Vietnam. “Vietnam will be the next China,” said Josh Feinkind, president of New York-based RefinedKind Pet Products, which has been producing in Vietnam for eight
years.
“Though it may not overcome China in terms of production vo...
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Author: Wyevale Solutions
We aren’t as good at Microsoft Office as we need to be
Microsoft Office is how many organisations large and small run their Business –. Projections, record keeping and reporting are typically done using Excel, and Outlook rivals the telephone as the preferred way to communicate with almost all customers and suppliers.
Others try to work around Microsoft Office with other ERP, CRM and accounting packages, however you may still need to use Excel to get the most out of these expensive software packages, to assist in combining information from differ...
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Lost in translation, the cost of bad translation
When translating some special business documents, especially technical documents and marketing material, it's very important the translator understands the terms of the industry, or in the case of marketing material, can understand the message the marketing material is conveying. In marketing material, tag lines and phrases can often include play on words or local sayings that wouldn't convey the same message if translated directly, word for word.
For example, when Schweppes launched their t...
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The Monitor
We curate economic, business and financial data from around the world, and transform it into easy-to-read articles, infographics, and tables.
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