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Renminbi

China Sourcing: Be VERY Careful How You Measure Savings

China Sourcing: Be VERY Careful How You Measure Savings

By Jason Busch on February 15, 2011

Even after all these years of the global sourcing evolution and rising China prices, I still can’t believe what I read from some consultants when it comes to on-the-ground savings numbers in the manufacturing area. Take a recent p…

Posted in Business | Tagged China, Estonia, Mexico, Renminbi, supply chain, Vietnam

Thinking Through the Procurement Implications of a Rising RMB

Thinking Through the Procurement Implications of a Rising RMB

By Jason Busch on April 19, 2010

In the past couple of weeks, there’s been an abrupt turn of events around the RMB, (from US pressure, and Chinese push-back) to a state where China appears ready to let the RMB rise. A recent Financial Times article shares some of the global currency and monetary implications that an appreciating RMB may bring. But […]

Posted in Business | Tagged Asia, Business, China, currency, Renminbi, valuation

When Buying and Selling in "Local Currency" Takes on a New Meaning

When Buying and Selling in “Local Currency” Takes on a New Meaning

By Jason Busch on February 18, 2010

When we usually think of buying in local currencies, most procurement and finance minds think about denominating contracts in local currencies (e.g., RMB) rather than in the dollar or Euro. But the concept of local currency takes on an entirely diffe…

Posted in Trends & Concepts | Tagged barter, berkshare, Community, Dollar, economy, finance, Local currency, Public Sector, Renminbi

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