In November 2020, ODM opened a new sourcing hub in YiWu. Allowing our staff at ODM to gain immediate access to new suppliers and most recent product ideas.
The China Commodity City (commonly known as the CCC, or Yiwu Market), is a large wholesale market located in Yiwu City, Zhejiang Province. ODM’s mission; to find and access reliable, low MOQ suppliers offering products at the cheapest prices on a wide range of standard items.
The International Trade Mart (Futian market), often referred to as the Yiwu market, is famously known as the largest commodity fair in the world. Founded in 1982, it was the first free marketplace in China and has grown a lot from the original 700 stalls that was hosted in it’s first year.
Yiwu International Trade City has five shopping districts, each the size of several warehouses combined. It currently covers an area of 4 million square meters, with 62,000 booths inside. Over 100,000 suppliers exhibit 400,000 kinds of products almost every day from 9 am to 5 pm (with the exception of Chinese New Year).
Although it can resemble a bazaar at times with the busyness and sheer amount of products on offer, with a shrewd eye and patience you can find what you want. During our time here we say countless fantastic products for promotional campaigns, from stress balls to balloons.
The products come from around 40 industries and include 2,000 different categories of goods. Futian market would appear to be more like a permanent fair, rather than a traditional wholesale market. Since it’s development, it has evolved to be an information, innovation, exhibition and distribution center for consumer goods.
Of these 2000 categories of products, 65% are exported to over 215 countries and regions. For this reason ODM could not miss the opportunity to explore and learn more about the products that were offered.
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