Thomas D’Innocenzi of Nova Advisors Announces New Asia Global Sourcing Service

Thomas D’Innocenzi of Nova Advisors offers a new Asia Global Sourcing and Business Development service designed to allow small to medium size businesses to compete in the global marketplace at a reasonable cost.

Thomas D’Innocenzi of Nova Advisors Announces New Asia Global Sourcing Service

New York, United States – February 22, 2017 /PressCable/ —

Thomas D’Innocenzi, Founder of Nova Advisors has announced a unique consulting service that allows small and medium size enterprises to compete globally and rapidly grow market share cost effectively. The Global Sourcing and Business Development service will utilize their locations in Asia and the United States along with a very large network of buyers and suppliers that has been developed over 25 years.

“Having built and managed sourcing and business teams for large companies throughout my career, I recognized an opportunity to offering a more streamlined and cost effective service that would allow companies to compete globally where they could not budget for it before” explained Founder and Principal Consultant Thomas D’Innocenzi. “Up until now, the ability to setup a Global Sourcing operation in Asia for low cost contract manufacturing solely belonged to large corporations that had the capital. In addition, the ability to market goods and services into large regions such as Southeast Asia with a population of 700 million solely belonged to large corporations that had the capital. Now, I give small to medium size enterprises the ability to compete in Global Sourcing and Business Development in Southeast Asia, China and beyond with our ability to leverage our network, locations, contacts, and knowledge to quickly gain market share at a much lower cost threshold.”

The Business Development segment of the service in Asia and the US includes rep office creation and management, salesforce development, product regulatory compliance, local legal support, local branding, local advertising, sales and product support, market planning, competitive analysis.

The Global Sourcing segment of the service which addresses the whole Asia-Pacific region includes product specification management, supplier vetting (identification, regulatory compliance, GMP, ISO, QA, QC), backup supplier and risk management, pricing and contract negotiations, commodity tracking, category management, product management, creation and management of local Asian global sourcing offices.

The Southeast Asia location offers US and European customers an immediate local presence when utilizing the new service for either Business Development of Global Sourcing in Asia. The Bangkok-based office has easy reach through SE Asia and China and is very cost effective in operation. Areas serviced from this location include Shanghai, Seoul, Hong Kong, Bangkok, Ho Chi Minh, Vientiane, Kuala Lumpur, Singapore, Manila, Cebu.

The US office location offers Asia-based clients a cost-effective US market entry point for their products or services. We understand the needs of the local Asian culture and the business acumen of US buyers and we create and execute a methodology of closing deals that are mutually beneficial and promotes trade.

About Nova Advisors

Based in Jacksonville, Florida and Bangkok, Thailand, Thomas D’Innocenzi, Founder and Principal Consultant of Nova Advisors helps companies compete globally by offering expert Global Sourcing and Business Development consulting services. Mr. D’Innocenzi has over 30 years of experience in international trade and business development with multinational corporations in the US and Asia. He has worked and lived in several countries in the Asia Pacific region. With locations in the United States and Asia and with a large global network of buyers and suppliers, Mr. D’Innocenzi offers a value-added unique service for customers seeking to effectively expand their market footprint globally while managing risk. More information about the business can be found at http://www.novaadvisors.com. Contact phone numbers are United States: +1.904.307.6414 and Asia: +668.7.800.1015

Contact Info:
Name: Thomas D’Innocenzi
Email: thomas@NovaAdvisors.com
Organization: Nova Advisors
Address: 375 Park Avenue, Suite 2607, New York, NY 10152, United States
Phone: +1-904-307-6414

For more information, please visit http://www.thomasdinnocenzi.com/

Source: PressCable

Release ID: 171641

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Trump is pushing ‘Buy American.’ But customers (mostly) don’t care

  @byHeatherLongMarch 13, 2017: 9:01 AM ET

Cathy Paraggio always checks the labels on stuff she buys: Is it made in China? Vietnam? Bangladesh? Mexico? Or America?

She was a big believer in the “Made in the USA” movement long before President Trump started telling the nation to “Buy American and hire American.”

In 2012, Paraggio launched a male swimsuit brand called NoNetz. It makes swimsuits that prevent chafing and rashes. Paraggio vowed to make the suits in the U.S. She found a textile factory in Brooklyn, MCM Enterprise, that could do the work.

There was just one problem: The suit cost $23 to make in Brooklyn. Making it in China and shipping it to Paraggio’s office cost a mere $10.

Manufacturing in America “makes me look like a bad business person,” Paraggio told CNNMoney. She went with the Brooklyn option anyway. Surely, she thought, customers would prefer to see the “Made in the USA” label.

That’s not what happened.

“No one cares about Made in the USA,” says Paraggio, who recently ordered some suits from China for the first time after Daymond John of Shark Tank gave her frank advice to get real about the bottom line. So she placed the order. And cried.

Trump preaches “Buy American” often. He mentioned it in his Inaugural Address. He brought it up in his first prime-time speech to Congress (watched by over 47 million people). He made it a campaign issue.

But the largest obstacle to Trump’s vision may be the American shopper, who is constantly on the lookout for a good deal.

Related: Rust Belt voters made Trump president. Now they want jobs

Americans care most about price

In survey after survey, Americans say they prefer to buy “Made in the USA” products. But when it comes to actually spending, their choices tell a different story.

“Consumers are all for Made in America until they have to pay for it,” says Greg Portell, partner at consulting firm A.T. Kearney who specializing in advising retailers.

Related: This Michigan toymaker pledged never to go to China

People have grown accustomed to cheap prices after years of shopping at discount retailers like Walmart (WMT) and Target (TGT). In general, they only buy American if it doesn’t cost much more than the product from China or Germany or Bangladesh.

Paraggio saw this trend first-hand in her business. She gets two frequent comments from customers: They love the product, but why does it cost so much?

An Associated Press-GFK poll last year found nearly 75% want to buy American. But their first preference is to buy the cheaper item. The Boston Consulting Group, which has studied the issue for years, found it’s a bit more complicated. When people go to the store, they also consider quality.

Eighty-five percent of U.S. consumers think American-made products are better quality than those made overseas, BCG found. And they are willing to pay a premium for some products that are Made in the USA. For baby formula they’ll pay a lot more. For shoes, they won’t.

“Clothing is one of the things that is very hard to reshore. It’s a tough road to go,” says Hal Sirkin, a senior partner at BCG.

Overall, BCG estimates companies can charge up to about 5% more for American-made.

 

Businesses react to the bottom line

Trump certainly understands this labor math. Some of his own clothing line is made in China.

Chung Yu owns the factory in Brooklyn where Paraggio has been manufacturing the NoNetz swimsuits. He’s been in garment-making for 35 years, but he’s worried about staying in business at a time when New York has raised the minimum wage. It New York City, employers who have a staff of 11 or more, have to pay $11 an hour. That will go up to $15 an hour by the end of 2018.

“In China, it’s $2 or $3 an hour. And even China is getting too expensive. Retailers are switching to countries like Bangladesh,” Yu explains.

Yu’s factory is still pretty busy, but it’s almost all small orders of about 300 items or less. Most of his clients are small businesses like NoNetz. As soon as they hit a certain scale, they typically jump overseas for production.

“People think Made in America is better quality, but that’s not true,” Yu says, frankly. “It all depends on the quality of the machines and labor.”

Yu won’t say who he voted for, but he says thanks to Trump, everyone in his world is talking about “American made” again.

“When we hear how Trump will bring manufacturing back, we’re excited,” Yu told CNNMoney. “But we have to see how he will implement it.”

Chung Yu Brooklyn
Chung Yu owns MCM Enterprise, a clothing manufacturer in Brooklyn.

What could come back to the U.S.

There’s a lot of debate about whether Trump can bring manufacturing, let alone manufacturing jobs, back to the United States. Robots and automation have also taken some (if not a large part — Ball State University says 88% of manufacturing job losses come from automation) of the jobs.

Experts say it’s going to take more than a “buy American” promotional campaign to make it to happen.

The research BCG has done suggests that some industries are more ripe to come back to the U.S. than others. The reality is wages have been rising in China and elsewhere in the world, making it less attractive to make certain products there.

“Computers and appliances are at a tipping point,” Sirkin says. “We’ve seen manufacturing costs overseas go up for those industries.”

Clothing, however, is one of the least likely processes to return, BCG found.

“How could you possibly buy shorts for $5 and have it made here. You absolutely can’t. I’ve tried,” laments Paraggio.

CNNMoney (New York)First published March 13, 2017: 6:25 AM ET
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China’s manufacturing sector expands again in October amid steady economic growth

credited_ap_solar-in-china_news_featured

Manufacturing in China expanded last month, surveys released on Tuesday showed, indicating Beijing has more leeway to focus on safeguarding against asset price bubbles and carry out economic reforms rather than introduce measures to boost the nation’s slowing economy.

China’s official manufacturing purchasing managers’ index, which mainly reflects conditions at state-owned companies, came in much better than analysts expected at a more than two-year high of 51.2 last month, according to the National Bureau of Statistics and the China Federation of Logistics and Purchasing.

A reading above 50 indicates expansion, while one below means contraction.

The previous month’s reading was 50.4.

He said the central bank would keep its current prudent monetary policy unchanged, refraining from further tightening of interest rates or measures to increase money supply.

China’s economy grew at the slowest pace in 25 years last year and the authorities are attempting to shift its growth model away from debt-fuelled development and traditional manufacturing towards the service sector and high-tech industries.

Zhou Hao, a Commerzbank economist, wrote in a research note that the significant improvement in the index was largely driven by rising commodity prices, reflecting massive speculation in China markets.

He noted the overall policy tone has turned less dovish in favour of tighter monetary policy as the economy was improving, but concerns remained over increasing asset bubbles.

More than 20 cities launched measures to curb housing prices early last month. China’s Politburo also held a meeting on October 28, stating preventing asset bubbles was a goal of monetary policy.

Zhao Qinghe, a senior statistician at the bureau, said on its website that the strong expansion was partly due to recovering demand, plus rising industrial prices thanks to Beijing’s efforts to retire obsolete production capacity.

However, he also pointed out that downward pressure remains as new exports orders dropped 0.9 to 49.2 and new imports orders fell to 49.9 from September’s 50.4.

The official purchasing managers’ index outside the manufacturing industry edged up by 0.3 percentage points last month to a high this year of 54, signalling a pickup in growth in the services sector.

The Caixin China General Manufacturing PMI, which is slanted towards smaller privately owned companies, gained to 51.2 in October, the highest since July 2014, from September’s 50.1, according to a separate survey compiled by Markit on Tuesday.

“Beyond that, however, the recovery is likely to stall as the boost from stimulus fades, re-exposing the structural drags that continue to weigh on the economy,” he said.

SOURCE:  South China Morning Post, Tuesday, 01 November, 2016

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Foreigners buying directly from rubber farmers

bangkok-post-102916

**MY RECOMMENDATION:  This may be an opportunity to renegotiate your rubber commodity-based buys to capitalize on lower raw material costs to your suppliers….Tom

While the local rice market is mired in a deep slump due to oversupply, the rubber trade has begun to pick up, with foreign buyers now seeking to buy directly from planters and bypassing the futures market. Foreign…

http://www.bangkokpost.com/business/news/1122281/foreigners-buying-directly-from-rubber-farmers. 

Bangkok Post, October 29, 2016 © Post Publishing PCL. All rights reserved.

 

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Thailand ready to facilitate Indian investment: Thai PM

 

 

New Delhi, June 17 (IANS) Thailand on Friday said it would further facilitate investments by Indian firms in the Southeast Asian nation and resolved to increase Thai investments into India, following the first meeting of the India-Thailand Joint Business Forum here during the ongoing visit of Thai Prime Minister General Prayut Chan-o-cha.

“I am ready to waive rules that are obstacles so as to facilitate Indian business. Thailand would like Indian investors to come and invest in our priority sectors like information technology, pharmaceuticals, auto-components, and machinery,” General Chan-o-Cha told a gathering of business leaders from both countries at an event here hosted jointly by the three industry chambers FICCI, CII and Assocham.

“Besides, there are many opportunities for Indian business in the wider Asean (Association for Southeast Asian Nations) region. Thailand can be like a forward base for Indian investors to Asean,” the Thai Prime Minister, who is on a visit to India, said.

The Thailand Prime Minister, who held delegation level talks with Prime Minister Narendra Modi earlier in the day, invited Indian investments under the country’s cluster development policy.

The joint statement issued after the talks said that both sides will also be renegotiating a new bilateral investment treaty.

The India-Thailand Joint Business Forum has recommended a target of doubling bilateral trade from the current $8 billion level to $16 billion in the next five years. Following its first meeting the forum said it would explore trade in new products and services.

In a bid to attract more tourists from Thailand, India on Friday announced that it will facilitate double entry e-tourist visas for Thai citizens.

Thailand is also interested in development of the Buddhist tourist circuit in India, Chan-o-Cha told the business meeting.

SOURCE:  THE TIMES OF INDIA–IANS  | Jun 17, 2016, 11.15 PM IST

 

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Asian stocks decline for seventh day

**Nova Advisors analysis:  recent stock plunge coupled with continuing weak exports provide opportunities for longer-term negotiations with Asia-based suppliers.  Reducing risk for both parties include discussion around lower costs for minimum order quantities, increased spot buys of product, and possible partnership in tooling and streamlining operations.

Asian stocks outside Japan dropped, with the regional gauge on course for the longest losing streak in almost five months, amid global economic growth concerns.

The MSCI Asia Pacific excluding Japan Index slid 0.3% to 406.11 as of 4:10pm in Hong Kong, the lowest level since April 8. A report Wednesday showed US companies hired fewer workers last month than estimated, signaling employment gains may have slowed and adding to anxiety over growth. The data came ahead of Friday’s monthly government payrolls report on US jobs. Hong Kong property developers sank after Goldman Sachs Group Inc. forecast a slide in home prices. Equity markets in Japan, South Korea, Thailand, and Indonesia are closed for holidays.

“The overall sentiment is disbelief,” Michael McCarthy, chief market strategist at CMC Markets Asia Pacific Ltd., said by phone. “Investors are struggling to reconcile valuations with the risks. It’s going to remain a difficult environment.”

Global equities have fallen to their lowest level in almost a month amid concern over weak company earnings and lackluster data on manufacturing and employment. Federal Reserve Bank chiefs of Atlanta and San Francisco have highlighted the prospect of an interest-rate increase next month, with Friday’s US payrolls data seen as key to investors’ assessment of the next moves in monetary policy.

Gold Allure

Stan Druckenmiller, the billionaire investor with one of the best long-term track records in money management, said the bull market in stocks has “exhausted itself” and that gold is his largest currency allocation. He averaged annual returns of 30% from 1986 through 2010 at his Duquesne Capital Management.

Hong Kong’s Hang Seng Index lost 0.4% and the Hang Seng China Enterprises Index of mainland firms listed in the city fell 0.8 percent amid concern a pick up in economic growth is faltering. A private index of China’s services industry fell to 51.8 in April from 52.2 in March, Caixin Media and Markit Economics said on Thursday.

New World Development Co. led a slump for developers after Goldman Sachs downgraded Hong Kong property stocks, predicting a 20% drop in home prices. The Shanghai Composite Index climbed 0.2%.

NAB Gains

Australia’s S&P/ASX 200 Index rose 0.2%. National Australia Bank Ltd climbed 2% in Sydney after posting a 6.5% increase in first-half cash profit as it bucked a trend among Australia’s largest lenders by decreasing bad-debt charges and as margins improved for the first time since 2011.

Philip Lowe will replace Glenn Stevens as governor of the Reserve Bank of Australia for a seven-year term on Sept 18. Lowe inherits the post with diminished interest rate ammunition after the central bank eased policy to a record low to cushion the end of a mining investment boom and combat disinflation.

Crown Resorts Ltd, the gaming company of James Packer, rose 4.9%% in Sydney after selling $800 million worth of shares in its Macau venture, raising speculation the billionaire is increasing his firepower for a potential purchase of Australian casino assets. The sale was at a 6 percent premium, Deutsche Bank analyst Mark Wilson wrote in a report.

New Zealand’s S&P/NZX 50 Index added 0.8%%. Singapore’s Straits Times Index fell 0.6%. Taiwan’s Taiex index dropped 0.2%. The Philippine Composite Index retreated 1.2% before Monday’s presidential elections. The FTSE Bursa Malaysia KLCI Index dropped 0.7%. Futures on the S&P 500 Index gained 0.4% after the underlying gauge fell 0.6% Wednesday.

 

Reference:  Bangkok Post and Bloomberg, May 5, 2016

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Obama sets measures to boost ASEAN economies

NOTE:  Nova Advisors are ASEAN experts and are located in Bangkok and the US.  We have over 30 years experience in helping companies grow market share and sourcing in Southeast Asia.
US President Barack Obama shakes hands with Prime Minister Prayut Chan-o-cha after a group photo at the 10-nation Association of Southeast Asian Nations summit at Sunnylands in Rancho Mirage, California Feb 16. In between are Philippine President Benigno Aquino (second left) and Singapore Prime Minister Lee Hsien Loong. (Reuters photo)

RANCHO MIRAGE, CALIFORNIA — US President Barack Obama announced a package of measures designed to boost Southeast Asian economies, betting that the fast-growing region can be an ever more important trade partner.

The plan will establish three economic offices — in Bangkok, Jakarta and Singapore — “to better coordinate our economic engagement and connect more of our entrepreneurs, investors and businesses with each other.”

The White House sees the 10 nations of the Association of Southeast Asian Nations (Asean) — representatives of which have been meeting with Mr Obama since Monday in California — as an emerging regional counterweight to China’s regional dominance.

Collectively, the countries are the fourth-largest trading partner for the United States.

According to White House figures, “two-way trade in goods and services has tripled since the 1990s, topping US$254 billion in 2014,” supporting around half a million US jobs.

“We have an increasingly deep and broad economic relationship with Asean,” said US ambassador to Asean Nina Hachigian.

Asean includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

While Southeast Asian economies are youthful and fast-growing, many sectors remain the under the control of government or special interests.

But countries like Indonesia are beginning to open up. Its president Joko Widodo recently announced steps to open the economy to foreign investment that were welcomed in Washington.

The new “US-Asean Connect” package will include technical advice on how countries like Indonesia and the Philippines can prepare to join the Trans-Pacific Partnership, a vast Pacific-wide trade deal that is in the process of being ratified.

The US-Asean summit has President Barack Obama at the head of a horseshoe table. Prime Minister Prayut Chan-o-cha is third from left. (Reuters photo)

“We’ve launched a new effort to help all Asean countries understand the key elements of TPP as well as the reforms that could eventually lead to them joining,” Mr Obama said.

Other measures will focus on improving trade ties in the communications and infrastructure sectors among others, streamlining current government programs.

It will also address the power sector, an area where China has been especially active, building dams along the upper Mekong.

SOURCE:  Bangkok Post, February 17, 2016

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