by Mitchell Rona, Executive Vice President, #GlobalSourcerer
As anyone who has been doing business in China knows, the country’s environmental problems are well documented. China hit the world stage, and increased its international profile back in 2008 when it hosted the Olympics in Beijing. For China, this was like a debutante’s coming out ball!
Since then, China has consistently made strides to improve its environmental standing in the world. In the last two to three years, that push for improvements in environmental compliance has increased, and has translated into tremendous pressure on all manufacturing suppliers; it has hit suppliers of iron and steel castings especially hard.
In late 2017, and the first half of 2018, this pressure intensified as many suppliers suffered …