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GCG Global consumer goods trading wants to expand into China

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GCG Global consumer goods trading wants to expand into China

January 03
17:34 2023

The signs point to continued growth for the German wholesaler of sweets and beverages.

According to media reports, the focus is now on expanding business in Asia. Discussions with Chinese partners are apparently ongoing. As in the other foreign markets, the strategy is controlled from Germany.

GCG Trading is looking for a partner in China. This is reported unanimously by several media, citing insiders. German society is apparently in talks about this, but these are still at an early stage. A joint venture with a Chinese trading agency for the sale of popular FMCG products is conceivable, they say. The Chinese market is growing strongly and opens up considerable potential.

China’s government has gradually relaxed the restrictions. For a long time, foreign companies were only allowed to act as junior partners in a joint venture. Since 2015, foreign companies have been able to set up their own branches, so-called Wholly Foreign-owned Enterprises (WFOE). Nevertheless, a long presence in the People’s Republic and a partnership with a local institute are important prerequisites for successful sales.

However, the number of potential partners in China is becoming scarce. Many wholesalers have already tried to gain a foothold in the People’s Republic and enter into partnerships with local players.

A preparation time of three months is considered internally to be feasible for the opening of a new store, with active sales to begin in eight weeks.

About GCG Trading:

GCG Trading is a German based company which selling Fast Moving Consumer Goods in Bulk and at the best wholesale rates.

GCG Trading imports, exports, distributes & markets the world’s most famous brands from companies and our international business includes supplying well known brands and popular premium products to wholesalers & retailers across the world.Working closely with manufacturers and distributors around the world, our dedicated purchasing team can offer a range of more than 2,000 branded products.

GCG Trading conducts wholesale of beverages and candy in accordance with the principle of being Global: “Think globally and act locally” and customers all over the world are always treated at the centre of the strategy.

For more information about GCG Trading go to our webpage: https://global-consumer-goods.com

Don’t hesitate to contact us for more information.

If you have any questions/queries about our wholesale rated bulk supplies of beverages, candy or other FMCG products or services, please feel free to contact us or email us at [email protected]

Media Contact
Company Name: GCG Global Consumer Goods Trading GmbH
Contact Person: Mathias Dziuba
Email: Send Email
Country: Germany
Website: https://global-consumer-goods.com/

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