Observations on traveling and doing business in Asia
August 6, 2009
- Traveling in Asia is getting cheaper, but flights are being cut back. The cost of flights in China are 30-40% lower and specials are being offered between major cities like Hong Kong, Singapore, and Taipei especially by the low fare airlines, Tiger and Air Asia.
- The large global companies are cutting back and looking to reduce direct materials costs, which are easily identified. Renegotiation is the preferred method to lower prices by major global manufacturers. Meanwhile, suppliers are looking for more favorable payment terms from their customers to keep their cash flow healthy.
- An upcoming Shanghai conference sponsored by ISM China will have the IBM CPO John Paterson, and the ISM CEO Paul Novak speaking on global supply chain issues relating to Asia. It will he held at a major Shanghai hotel on Sept 20th.. The conference is an opportunity to learn more about doing business in China and the rest of Asia. For more information on the conference, email conference@ismchina.org
Posted by Walter Buczynski on August 6, 2009 |
Comments (1)
Industries: Strategic Sourcing
August 6, 2009
In response to:
Observations on traveling and doing business in AsiaDoll commented:
Cathay Pacific suffered a big loss and are offering incentives to get people to fly on their jet.
I was fortunate enough to fly on Business Class on an economy ticket. Their Business Class looks like a comfortable coffin to me :)
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