About
About us
The Concept of Novanty originated from our Supply Chain Development service called Part Distribution LLC. We helped Buyers from the US and Canada find Suppliers in China and helped them import their goods.
In our 15+ years of working with hundreds of Buyers and thousands of Suppliers, we are involved in importing millions dollars in inventory every year. But we also do quite a bit of domestic sourcing in the US as well as sourcing in Europe and other western countries as well
Mr. Kelly Johnson
Founder
With that experience, we noticed some very big differences in sourcing between different regions. The biggest is that when Western Buyers order from Western Supplier, it is basically a requirement that the Supplier offer credit terms. If a Supplier doesn’t offer delayed payment terms, most Clients simply won’t buy from them. Credit Terms are that valuable to the west.
When our Western Clients ask us to find a Chinese Supplier, they rarely ask us about Credit Terms. This is because they know China won’t do it. They know it’s too risky for Chinese Suppliers. You as a Chinese Supplier likely rarely get asked for delayed payment terms, because your Customer knows you can’t offer it anyway. So it is likely that you never know that was so valuable to the West.
We started asking our US Clients, and just any Buyer from all over the West about it. We learned that if there were two otherwise equal Chinese Suppliers with equal prices. Western Buyers are 82% more likely to buy from the one that offers Credit Terms.
A similar percent also said they would switch Suppliers if they found one who offered Credit Terms.
We knew this information was powerful, and could mean a significant opportunity to help Chinese Suppliers win more business. We also had experience with Supply Chain financing to know how exactly to make it happen.
Novanty was created to use this information to help Chinese Suppliers skyrocket their business.