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Buy Wholesale In Latin America And The Caribbean

Dec 31, 2009 Sales

To buy wholesale in Latin America and the Caribbean has become more complex with the increase supply and demand of consumer goods. Since the economic crisis has hit the world, foreign companies are looking into new markets such as Latin America and the Caribbean.

Basically there are four ways to find wholesale merchandise in the region:

*Buy directly from suppliers located in Asia, Europe, USA etc.

*Buy from local distributors representing non-Latin American /Caribbean companies

*Purchase from manufacturers in Latin America and the Caribbean

*Find wholesalers online thanks to online B2B marketplaces

1- Purchase directly from foreign manufacturers located outside the region

The product offer from foreign companies is very diverse allowing buyers to choose from a very large variety of products from famous world brands to cheap low quality products. This option forces a larger initial investment as large quantities are required for each order. This option is not feasible for small and medium companies looking to purchase small quantities. Knowledge about international trade is also required in case problems arise. Topics such as commercial terms, logistics and customs procedure should be thoroughly understood.

2- Buy from local distributors representing non-Latin American and Caribbean companies

One of the most common ways to buy wholesale in Latin America and the Caribbean is to order from local distributors that represent foreign manufacturers and brands. Since distributors are responsible for the full supply process, this removes the burden of international procedures (shipping, customs) from the buyer and requires a smaller initial investment. In the Latin American and Caribbean market, it is common to find these wholesale distributors in tax free zones such as the ‘Zona Libre de Colon’ in Panama or the ‘Zona Franca de Iquique’ (ZOFRI) in Chile. Please note that almost every country in Latin America and the Caribbean has its own Tax Free Zone. This is very convenient for buyers to purchase wholesale products conveniently located in one location from several distributors then combine all their orders in containers. This saves on shipping fees and helps to optimize the buying process.

3- Purchase from manufacturers in Latin America and the Caribbean

To decrease shipping and logistics fees, it is beneficial to order from manufacturers located in the region. This allows better communication as the same language is spoken between the supplier and buyer. This also allows for more cost effective prices as no intermediaries are adding additional costs to the final product value. This also reduces costs due to customs duty

4- Browse wholesalers on B2B marketplaces and business portals

Thanks to the internet, there has been an increase in online trade portals and marketplaces. The leaders are big names such as Alibaba, Tradekey, EC21 etc. These marketplaces are very strong on an international level but lack presence of Latin American and Caribbean companies. Why? This region is developing and is learning about the tools available to them and is starting to understand the importance of having an online presence for their company. The increase in entrepreneurship in the internet business within the region is also booming. Latin America and the Caribbean just created its first trade portal and marketplace www.mercatrade.com that is holding up to the international standards of design and programming and has adapted itself to the needs of the region.

To find business opportunities, Buy Wholesale in Latin America. To find manufacturers, suppliers and buyers, please visit the B2B marketplace Latin America .

Tags: Business, buy wholesale latin america, manufacturers, Sales, suppliers, trade, wholesale, wholesale caribbean, wholesale lots, wholesale stocks, wholesalers, wholesalers latin america