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It already helps if you have a structured approach for your procurement and to keep your options open. Working with a local consultant or agency may help to identify more potential suppliers and to get the products that you just bought accross the border to their destination.
Our local consultant help you find relevant suppliers, approach them on your behalf and ensure you get the right proposals and deliveries.
Spain, located in southwestern Europe, exports a diverse range of products that highlight its strengths in agriculture, manufacturing, and tourism. It sells goods like fruits and vegetables, which are important for its agriculture. Spain is also known for exporting wine and olive oil, which are famous worldwide for their quality. Additionally, the country exports automobiles and automotive parts, showcasing its advanced manufacturing capabilities.
Wages in Spain vary, but they are generally lower compared to some other European countries. People may earn less money, which can affect their spending power. However, living costs in cities like Madrid and Barcelona can be moderate compared to other major European capitals.
Spain is famous for its tourism industry, attracting millions of visitors each year to its beaches, historic cities, and cultural sites. The country also has a strong renewable energy sector, particularly in wind and solar power. Additionally, Spain is known for its creative industries, including fashion, design, and architecture. Overall, Spain’s economy thrives on its exports of agricultural products, automobiles, renewable energy technology, and its vibrant tourism and creative sectors.
The best preparation for doing business in any country is visiting it. This way you can experience the culture, check the shops and build your network.
Where it comes to hotels, research shows that if you check these platforms, in 80% of the cases you have the lowest room rates.
If you take your sourcing step by step, then it can’t go wrong.
Step 1
Try to identify in total 6 to 10 possible suppliers and check their websites. Approach them with a general request to see whether they have the products or services you need.
Step 2
Submit your requirements to a group of three to five selected suppliers and ensure you get the right comparable quotations to make a choice. Negotiate with one or two of them to get the best result.
Step 3
Now start collaborating, making sure you have an efficient ordering process and limited risks where it comes to quality control and shipping the products.
First of all you may have to pay import duties or settle VAT. There are certain thresholds for both of these charges, e.g. while importing in the EU you don’t have to pay import duties on any shipment worth less than € 150.
There may also be non-financial bariers, like certifications or approvals to be obtained. Especially for food, cosmetics or medicine this may be the case. Check this in advance, even before you invest in your marketing.
In developing or more developed countries also labour costs are getting higher, so there is no real bargain any more. On the other hand, the more developed a country is, the better the certainty for deliveries and the more focus there is on quality.
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