What are the consequences of avoiding investment on inspections?

China’s industrial capacity is not a secret. After the implementation of the Reform and Opening Up policy in 1978, the country experienced an exponential increase of industrial investments and manufacturing. Gone are the days when “made in China” implied the peculiarity of low quality and virtually inexistent inspections.

Increasing development of investments on R&D have helped to bring about new products, novelties that are taking the global market by storm. The example of companies such as Xiaomi, Geak, and Phantom speak by themselves. From a business perspective, the secret behind this success is closely related to improved quality controls.

Investments in quality control can ensure an increase in the value of your product. On the one side, checking the product at the assembly line can ensure a safer and more efficient use of capital. On the other, it increases the satisfaction of your clients, as they can use the products without any hassle.

For overseas entrepreneurs there are numberless opportunities for manufacturing their ideas in China. The new visa policies of cities such as Shanghai are making themselves ever more attractive to innovative start-ups. But as young professionals it is very important to avoid falling short on the details. An exceptional product could end up not manifesting its full potential if a key aspect of the manufacturing process – i.e. quality control – is neglected.

A different case is the one of small and medium enterprises, particularly those in developing countries. Alibaba has made direct imports from China accessible for almost everybody, in every corner of the world. A great deal of these investments involve a not only a significant amount of money for the enterprise, but also hopes and dreams.

In the end, investing in quality controls through a trustworthy company will increase the profitability of your products. It results in a safer and smarter investment.

SOURCES:

“The top 10 most innovative companies in China”, fastcompany.com. http://www.fastcompany.com/most-innovative-companies/2014/industry/china

Jolly, Dominique; McKern, Bruce ; Yip, George. “The next innovation opportunity in China”. Strategy+Business. http://www.strategy-business.com/article/00350?gko=e0f49