Shenzhen, China, January 15, 2013 - QIMA, a leading provider of quality control services for businesses importing from Asia, today announces the QIMA 2012 Q4 Barometer, offering a year in review of Asia-based manufacturing and the quality control services industry.
Here is a look back at a selection of the biggest manufacturing and quality control industry-related stories of 2012.
"A textile factory in Vietnam - ordered inspections grew by +34% in 2012."
QIMA 2012 Performed Inspection figures show the United States up +16% vs. 2011. This is not surprising as in December 2012 the United States replaced the European Union as the No. 1 buyer for Chinese exports, buying $319.4 billion USD worth of goods through November, up 8.2 % Y/Y. During the same period, inspection figures for the 26 European Union countries grew by a modest +4%, led by France and the United Kingdom.
As Chinese food products are increasingly being exported, continuing scandals reflect the poor food safety processes currently in place. Amidst this danger, QIMA Food Packaging & Food Inspections were up +111% Y/Y.
Conservative Chinese estimates claim there are approximately 8,500 deaths caused each year by Chinese-made food products in China (New York Times). In 2012, China exported over $56 billion USD in food-related products, while according to the FDA only 2.3% of all food imports into the USA are physically inspected. China-made food scandals continued this year with the cancer-causing substance aflatoxin being found in infant formula.
With the global population crossing seven billion, expect food production to continue to be industrialized and China to lead, stressing the need for stricter oversight at the source.
According to the China Ministry of Commerce, in terms of project contracting, Africa is now China's second largest foreign market. Bilateral trade between China and African countries reached 163.9 billion USD in the first ten months of 2012, up 20% from the same period of 2011. Reflecting this yearlong boost in bilateral trade, QIMA 2012 Performed Inspections in African countries increased +85% from 2011. Inspections in Asia for African clients increased +31% Y/Y with Egypt, Morocco, Nigeria and South Africa leading.
112 people were killed last month at a factory found to be supplying Walmart and Sears in Bangladesh. The country is the No. 2 apparel exporter in the World after China, with the textile industry making up 77% of its exports.
Walmart and Sears both claimed they were unaware their apparel was being manufactured there, highlighting the difficulty for global brands to monitor their whole supply chain. It also pinpointed the importance for third party audits to thoroughly check on manufacturers' sub-contracting practices. Amid such headlines and increasing public scrutiny on brands manufacturing conditions, QIMA Audit services ended 2012 up +36% Y/Y.
Despite a change of leadership and the government's increasing focus on stimulating domestic demand, exports will remain the basis of China's economy. Despite the hype surrounding China's inflation, an appreciating RMB and rising labor costs, there is not yet a suitable replacement for China and it will continue to be the dominant source of manufacturing, even with expected sustained growth for Vietnam and Bangladesh.
The geographic sourcing landscape within China will continue to evolve. In the past two years QIMA has seen a 270% increase in inspection activity in Chengdu, Chongqing, Wenzhou and Zhengzhou. Predicting sustained increased demand, this September Cathay Pacific setup air cargo routes from Zhengzhou.
Finally, new and updated safety regulations should force importers worldwide to strengthen their technical quality control at the source in 2013. REACH regulations in Europe are a significant example (with the recent adding of new Substances of Very High Concern, and the new May 31st, 2013 deadline for registration of imported substances), as is the expected deployment of the Food Safety Modernization Act in the US (imposing stricter food safety controls).
QIMA is a leading quality control services provider for importers from Asia, providing web-based account management, fast scheduling and highly competitive prices for companies seeking Product Inspection, Factory Audit and Laboratory Testing services in Asia. QIMA serves clients from over 100 countries worldwide.
Tel: (+86) 755 2223 9888
China's Corrupt Food Chain. New York Times. Retrieved January 9, 2013 from
|This site is protected by copyright and trademark laws under US and international law.|
|QIMA © 2021|
ClientID:; Client:; Affiliate:;