Holding company SinoHub has reported high increases in both net income and revenues for the third quarter of 2008.
Based in Los Angeles, USA and with its prime asset in Shenzhen, China, SinoHub accredits the rise in profits to efficient supply chain management.
"Our strong performance this quarter validates the progress we're making in demonstrating the competitive advantages provided by SinoHub's world class supply chain management capabilities for the large and growing Chinese electronic components market," said Lei Xia, president of SinoHub.
"With more than 120 leading enterprises currently utilizing SinoHub's SCM platform, we are gaining scale and building recognition for our powerful solution, which is tailored precisely to the needs of the electronic components market in China."
China will become an increasingly important part of the international business world in the next decade and beyond, and to increase a company's involvement with the next large superpower a company will need to redirect its supply chain.
A third-party supply chain management company can help facilitate such a massive overhaul, saving a company's management both time and money.
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