What Are the Hidden Risks Importing Products From China? (E107)

David HoffmannFounder of GlobalTQM Bio: David is considered an expert in China sourcing, supply chain, private label, and brand licensing and founded GlobalTQM.com, after he saw an incredible opportunity through helping friends and family to assist SMEs, start-ups, and entrepreneurs with a range of educational and actual done-for-you services with his resources of +57 people in China. Aside from his core business, David has built an international technology team and has a number of investments all of which he is an active advisor. Sponsors: Drip – Get a free demo of Drip using this coupon code!Spark Shipping – eCommerce Automation Links: http://www.globaltqm.comhttps://www.facebook.com/GLOBALTQMhttps://www.linkedin.com/company/globaltqm/ Transcript: Charles:                        00:00                In this episode of the business of eCommerce. I talked with David Hoffman about what are the hidden risks importing from China. This is a business of e-commerce, episode one Oh seven Charles:                        00:16                Welcome to the business V commerce, the show that helps eCommerce retailers start launch and grow their eCommerce business. I'm your host, Charles Polaski and I met today with David Hoffman. David is the founder of global TQM, is an expert in Chinese sourcing, supply chain, private label and brand licensing. I as David on the show today chat about what are some of the hidden risks importing from China. So, Hey David, how are you doing today? Very good. How you doing? Good. Awesome to have you on the show. I love the topic of some of the risks importing from China. I think it's one of the things a lot of people kind of tell folks just to kind of jump into it, but a lot of people don't talk about the other side of like what you can run into and there are a lot of potential risks. So first, where are you? So I'm in Boston Hill and I know we kind of had to get a time-zones lined up. Where are you located? David:                           01:05                So I'm located in Hong Kong. I've been living out here for about 16 years. I've got offices in China, so I spend a lot of my time between Hong Kong and China. So we bought a 12 hour time zone apart. Charles:                        01:16                Okay. And that was, and where are you originally from? David:                           01:19                Originally? From South Africa. Charles:                        01:21                Okay. And you moved there for this specifically? Right. David:                           01:26                We will purchasing a whole lot of products from China and I've got the top utility to move out to Hong Kong, which at the time seemed like a, I had nothing to lose and everything to gain. And you know, my plan not to come back here for one year and 16 years later just got absorbed by this world in this industry. And here I am. Charles:                        01:46                So that was 16 years ago. You've been there and this has been the, what you do is focus? David:                           01:52                Yes. So, so we, we do a lot of sourcing quality control in China. You know, I've started different businesses and you know, those businesses that all started because I've always had this habit and base in China, you know, being able to source products, deal with manufacturers and really get the right quality product. And that's always been for our own businesses in my own business. So then, you know, from here it's just kind of accelerated into, you know, helping more and more people on the ground in China. And as such, I haven't been able to leave. Charles:                        02:25                Yeah. I've heard a number of folks that once they start kind of scaling in the sourcing but let's say there's two partners, there'll be like one partner that stays local and then one partner goes out there, you know,