The Challenges Facing the Jewelry Supply Chain The jewelry industry is facing several challenges when it comes to supply chain disruptions. From geopolitical instability to transportation delays, jewelry manufacturers are constantly navigating obstacles that can impact both their production timelines and product availability. These disruptions can affect everything from sourcing
Understanding Jewelry Profit Margins Jewelry profit margins can vary greatly depending on several factors, including the materials used, the pricing strategy, and the business model. High-end luxury jewelry made from precious metals like gold and platinum can see substantial margins, often ranging from 50% to 300%. On the other hand,
This is a guest post by Justin Knowles, Founder and Principal at Facture. When developing a new product, identifying and mitigating risks is crucial for success. Here, we provide guidance both on how to identify them and create a plan to mitigate them. To keep things simple, we merely list
This is a guest post by Alice Guzman, Senior U.S. Customs Associate at Importal. International trade compliance is in the spotlight, and for good reason. With Section 301 tariffs, free trade agreements (FTAs), and tariff exclusions making waves, importers are navigating a complex and ever-changing environment. If terms like these
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