| Body: | | | | delta. Qingdao, another port famous for global sourcing |
| Shandong establishes China's largest multinational | | | | and international trade has long served both |
| purchasing center and is the cynosure of multinational | | | | multinational purchasing and global sourcing besides |
| purchasing and global sourcing agents. The emergence | | | | nurturing countless trading companies which attracted |
| of Shandong and surrounding areas, especially the | | | | global sourcing corporations & suppliers online to setup |
| suppliers online, has made it possible for manufacturing | | | | operations there. Qingdao is fast becoming the darling |
| to meet the demand for "Made in China" products by | | | | of multinational purchasing and global sourcing |
| multinational purchasing and global sourcing agents. | | | | organizations as well for the suppliers online that are |
| Shandong has much to owe to the government | | | | buying commercial assets. It is the city of first choice |
| policies on multinational purchasing, which can be | | | | for multinational purchasing agents to keep their global |
| summed up as follows | | | | sourcing efforts in North China. |
| 1. Permitting foreign multinational purchasing trade | | | | -Suppliers Online |
| centers to trade | | | | On the other hand, suppliers online can showcase their |
| 2. Putting in place a framework adapting to broad | | | | products better than offline stores at a fraction of |
| range of trading models including ODM | | | | cost. Coupled with the emergence of internet, suppliers |
| 3. Pulling down red-tape in customs, taxation and | | | | online are tipped to have a stellar future ahead with |
| foreign exchange | | | | quite a few established multinational purchasing centers |
| It is note worthy that; home grown suppliers online & | | | | around. |
| multinational purchasing enterprises are hand picked to | | | | Regrettably, a few suppliers online are sabotaging the |
| represent China in multinational purchasing forums. | | | | system using internet to hawk substandard/illegal |
| Next, the multinational purchasing & global sourcing | | | | products to unsuspecting their multinational purchasing |
| agents are upbeat about sources around Shandong, | | | | customers. Perturbed by this, some prominent suppliers |
| located in the important Rim-Hunaghai & Bohai Circle, | | | | online are verifying their TOS & privacy policies |
| naturally, so are the overseas global sourcing | | | | through eminent auditors to dispel mistrust. |
| companies. Multinational purchasing companies are | | | | Unfortunately, things are deeper than initially assumed |
| concentrating on Chinese supply market for its robust | | | | to be; suppliers online believe that they are immune |
| logistics which is evident by the interest evinced to | | | | from hot checks, credit card fraud and a host of other |
| embark on their global sourcing commitments from | | | | problems multinational purchasing and global sourcing |
| China. | | | | sector complains of, although many suppliers online |
| In the past multinational purchasing and global sourcing | | | | have adapted ethical features. |
| firms were focused on Pearl River and Yangtze River | | | | |