Oghamsourcing Articles

Better times ahead?

I’m hopeful that we’re past the worst of the economic debacle of the past 18months to 2 years, even though I heard a prominent financial pundit on the radio yesterday saying he expects a ‘double dip’ ie another downward spiral in the next two years. In the last 24 hours we have heard of two Irish people who flew high on the wings of the Celtic Tiger, and are now suffering very significant losses, of the order of hundreds of millions. One could be cynical and say ‘how the mighty have fallen’ but what’s the point? It’s better to take a positive and practical approach, and continue in a prudent fashion ‘cutting ones cloth….’
I was looking at a discussion on LinkedIn earlier, where people were giving their 50 Tips for succeeding in 2010, and the one that stood out for me was ‘Spread your wings to further afield’ Now the idea of this wasn’t to emigrate – although interestingly the above mentioned financial pundit was also promoting this – but to look at opportunities abroad. His reasoning, and I agree with him, is that as things currently stand, other economies are recovering faster than the Irish economy, therefore on that basis one could reasonably expect that there will be more opportunities in countries where money is being spent.
While most of the world was in the depths of recession over the past 18 months, China suffered no such trauma. Understandably, it did see a reduction in economic growth, due to the drop in global demand, but only to around 6%, a number that most countries in the world would have given their arm for.
If your business is thinking about ‘spreading its wings’ and considering China as a source of opportunities, either for exports, outsourcing, or for sourcing and importing to reduce your costs, Ogham Sourcing can assist you. We have a permanent office in China, run by our China General Manager Tom O’Halloran. He has a staff of sourcing and quality personnel, and resources that can help with all your business requirements as you consider China as a source of potential. Our contact details are on the website, and we would be delighted to be of assistance to you.