Entrepreneurs can find themselves hitting a brick wall when it comes to sourcing products. Whether you plan to manufacture something of your own or find suppliers to purchase from wholesale, good products aren&#;t always easy to identify.
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Sourcing a supplier for your next project includes finding a manufacturer, deciding whether it&#;s better to work with manufacturers near you or abroad, and evaluating if a manufacturer is legitimate. It&#;s also essential to ask suppliers certain questions when developing a product for your ecommerce business.
A manufacturer is any business that produces finished goods from raw materials. They sell these goods to consumers, wholesalers, distributors, retailers, and other manufacturers wanting to create more complex items.
Manufacturers typically stick to one type of product. For example, you could work with a glassware manufacturer who creates glass bottles and jars. You could work with one manufacturer for cardboard boxes and another for plastic or natural products.
Retailers often work with multiple manufacturers at once to create an inventory for their store.
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Find the perfect production partner to build inventory for your ecommerce store with our free sourcing and manufacturing outreach template.
Learn MoreSuppliers refer to anyone who can provide you with products and inventory. This encompasses manufacturers, wholesalers, and distributors.
There are a ton of helpful resources online that you can find through Google. But before you begin, there are a few things you need to know and decide.
You should figure out what type of supplier you&#;re looking for, which could depend on your ecommerce business model. This will help determine the terminology you need to use in your research. There are several supplier options, the most common being:
Dropshipping with Shopify Collective
Connect with US-based Shopify brands to easily sell their products. With Shopify Collective, you can curate items from like-minded stores and ship them directly to your customers.
Explore Shopify CollectiveIf you plan to manufacture or wholesale, when looking for suppliers you&#;ll need to decide whether you want to source domestically or from abroad.
It&#;s a good idea to secure two manufacturers: one domestic and one foreign. Your local manufacturer can be used as a backup. If international orders are late or incorrect, you can fall back on your local supplier. Domestic suppliers are often more expensive, but it&#;s better to keep products stocked and customers happy instead of waiting for delayed shipments.
It&#;s often cheaper to source your products overseas, especially in Asian countries, like India, China, and Vietnam, which ranked as the three countries with the cheapest manufacturing costs, according to U.S. News & World Report.
Manufacturers can make your product ideas a reality. Follow these six steps to find the best manufacturers and suppliers for your business.
Finding the right manufacturer for your product is crucial to your success. Manufacturers can play a role in determining your product&#;s cost, quality, packaging, and shipping. You can use tools to help you find suppliers:
To find manufacturers near you, do a Google search for &#;manufacturers near me.&#; Check out their websites, customer reviews, and product specialties.
Google can help you find local manufacturing options.Many suppliers&#; websites are old, sparse on information, and have poor search engine optimization. This means you may have to use a variety of search terms to find what you&#;re looking for. For example, words such as &#;wholesale,&#; &#;supplier,&#; and &#;distributor&#; may be used interchangeably, so you should search for all of them.
Make yourself familiar with Google's advanced search features to improve the quality of your results.
Use different search terms to find new options.Some of the best leads can come from referrals. Ask your professional networks if they have supplier recommendations or if they know someone who might. Look for individuals who&#;ve found success in an area you&#;d like to pursue and see if they&#;re willing to share their contacts. Join Facebook groups and other online ecommerce communities to see if there are helpful reviews.
Even if a supplier isn&#;t the right fit for you, ask them if they can point you in the right direction. Being in the industry means they&#;ll likely have contacts to refer you to that could be better fits.
Another way to look for product suppliers is searching for your products by their code in the North American Industry Classification System (NAICS).
The NAICS classifies manufacturers and products with codes, making some manufacturers and suppliers easier to find, especially in professional directories. Here&#;s the link for the United States&#; NAICS code and the link for Canada&#;s NAICS code.
You&#;ll need to vet your potential manufacturer. Once you&#;ve narrowed it down to a few possibilities, continue your research to make sure they&#;re credible. Check the Better Business Bureau (BBB) to see if there have been any complaints filed and browse the manufacturer&#;s customer reviews.
Alibaba connects you with manufacturers from China. It&#;s a popular marketplace to find existing products, but you can also use Alibaba to connect with manufacturers to create custom products. Search for the products you&#;re looking for and browse through the various suppliers and manufacturers.
Alibaba is a great way to connect with manufacturers for custom products.It&#;s easy to safely buy from Alibaba. The marketplace lets you vet manufacturers upfront to get the best products at a fair price. When researching manufacturers on Alibaba, make sure they have the following qualifications:
You can continue to search by applying filters. You can sort by certifications (such as SA, which ensures humane working conditions) to find a manufacturer that aligns with your business values.
You can also make sure your manufacturer is not a trading company. A trading company is a liaison and won&#;t be able to produce your products.
Another place to research manufacturers is in an online supplier directory. These directories act as manufacturer catalogs that contain profiles for thousands of manufacturers, wholesalers, and suppliers. A few of the most popular ones for domestic and international suppliers are:
Once you&#;ve got a few manufacturers on your radar, you&#;ll want to get quotes. Aim to get a minimum of three quotes to compare options. For local manufacturers, you can also reach out to organize a tour of their facility or a visit to their office.
In addition to pricing information, you&#;ll want answers to the following questions:
If you&#;re looking for a supplier for the first time, you&#;re going to quickly learn about MOQs. It&#;s not uncommon for a manufacturer to require a commitment to purchase hundreds or even thousands of units for your first order, depending on the product and manufacturer.
MOQs make it difficult when you have limited funds or want to start small and test the market before making larger purchases. MOQs are almost always negotiable.
Before you negotiate, understand why the supplier has imposed a minimum. Is it because there&#;s a lot of work upfront? Is it because they prefer to work with larger buyers? Understanding the reasons for the minimum will help you better understand their position and allow you to negotiate and propose the best counter offer.
Many suppliers will require new businesses to pay for a full order upfront. This is important to know, since inventory is a major cost for ecommerce businesses. You should also ask if they provide payment terms on future orders.
Suppliers get bombarded with quote requests all the time from flaky buyers, so it&#;s not unusual for suppliers to ignore your request. Suppliers&#; lack of responsiveness is a common complaint from new ecommerce entrepreneurs.
So how do you ensure you&#;re not ignored? There are a few things you should do when you reach out to suppliers for the first time:
Many good manufacturing suppliers will be open to negotiating payment terms. One payment strategy you could propose would be to pay for 50% upfront and 50% after you receive the shipment. This holds both parties responsible for the order and doesn&#;t leave too much risk on either side.
Chances are you won&#;t use a manufacturing manager when starting your online business. You&#;ll have to communicate with suppliers on your own. You can do this via , , or text. When working with local manufacturers, you can also do in-person meetings.
Look for companies that are responsive and eager to work with you. If someone is slow to respond to emails and send samples, you may not want to trust them with your business.
Once you talk with a potential manufacturer, ask if they can create your design. Some manufacturers have a product development process with prototyping and 3D modeling&#;but it can get expensive.
As an alternative, communicate your ideas with them through:
If they don&#;t do design, you can use Fiverr or Upwork to find freelancers to create drawings for you. Look to hire:
Another option is finding a local designer. You can work with them to develop prototypes and custom molds. It could be more affordable than going through a manufacturer.
Get samples to test before going into production. Once the sample is to your standard, you should date and sign the sample. Save one or two for yourself. These are called your control samples: forensic samples used to assure quality and get consistent consumer products.
For example, you open a package from a manufacturer and find your products&#; colors are completely wrong. You can reference the control sample to indicate the products you received are not what was previously agreed upon.
Between the time you get a sample and when you place your order, it&#;s still possible to negotiate terms on payment or MOQ. When negotiating, put yourself in the manufacturer&#;s shoes. The goal isn&#;t to exploit your manufacturing partner to get the best price. It&#;s to work together so both parties profit and are happy. It&#;s the only way to build a long-term, healthy relationship.
After completing a quality control check to make sure every product meets your standards, you can place your order and get the production process started.
Sourcing suppliers and manufacturers is one of the costs of starting a business. Partnering with suppliers that are good fits is a critical decision for your new business, and they aren&#;t always easy to find.
It&#;s easy to get frustrated when you hit dead ends or brick walls, but in most cases, it just requires a little more patience and perseverance to find the perfect partner for your new venture.
Illustration by Pete Ryan
Manufacturing refers to turning raw materials into finished products through tools, labor, and machinery. It&#;s an industrial process that allows for the mass production of goods using advanced technologies and assembly processes.
Types of manufacturing include:
The clothing industry has many different manufacturing processes. For example, a clothing manufacturer&#;s process could include fabrics receiving and relaxing, form layout, laying, marketing, cutting, screen printing, sewing, and quality checks before creating a single garment.
You can find a manufacturer via the directories and suppliers listed above. Some of the most common places to find manufacturers include:
Global Cutting Pliers Market Outlook [-] -
Global Cutting Pliers Market [-] research report is a compilation of information and analysis obtained from various sources to assist businesses in understanding the current market situation by type trends [Nickel-Chrome Alloy Steel, Chromium Vandium Alloy Steel, High-Carbon Steel] and competitors by application [Household, Electric Power, Other]. These insights enable them to make informed decisions and develop effective growth strategies. Ask for a Sample Report
Global Market Size and Growth (-).
With a wealth of tables and figures analyzing global Cutting Pliers market trends, this research serves as an indispensable resource for industry insights, providing vital statistics and strategic direction for businesses and stakeholders interested in this market.
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List of Top Cutting Pliers Companies in the Market are -
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About Cutting Pliers Market and Insights:
The Cutting Pliers market has witnessed growth from USD XX million to USD XX million from to . With the CAGR of X.X%, this market is estimated to reach USD XX million in .
The report focuses on the Cutting Pliers market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain.
Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behavior analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Cutting Pliers market.
The Cutting Pliers market research report is the culmination of exhaustive primary and secondary research. It delivers an in-depth analysis of the market's current and future objectives, including a competitive analysis segmented by application, type, and regional trends. Furthermore, the report offers a dashboard view of the leading companies' performance in the market, showcasing their historical and current achievements. The research utilizes diverse methodologies and analyses to present precise and comprehensive insights into the Cutting Pliers market.
Global Cutting Pliers Market Segmentation:
The Global Cutting Pliers Market is categorized into various types and applications based on product type and category. The market's growth in terms of value and volume is calculated by providing the Compound Annual Growth Rate (CAGR) for the forecast period from to .
Cutting Pliers Market Segmentation, By Types -
Cutting Pliers Market Segmentation, By Applications -
Key Questions Answer Covered in this Cutting Pliers Market Research Report -
The Cutting Pliers market report includes a comprehensive overview of Cutting Plierss, covering their applications, benefits, limitations, and more. Additionally, it offers an extensive account of the currently available Cutting Plierss that will influence the future market landscape.
The report provides a detailed review of the Cutting Pliers market, including historical data and forecasted market size. This information will offer a strategic advantage for developing business strategies by understanding the trends that are shaping and driving the Cutting Pliers market.
The Global Cutting Pliers Market (-) report delivers an in-depth analysis of the global Cutting Pliers market, including detailed market sizing and growth descriptions. The report examines the global Cutting Pliers market by value and region, offering regional analysis for key regions such as the US, Europe, Japan, China, and India.
Moreover, the report identifies key opportunities in the market and outlines the factors driving industry growth. It forecasts the overall growth of the global Cutting Pliers market for the period -, considering historical growth patterns, growth drivers, and current and future trends.
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Regions and Countries Level Analysis -
Regional analysis is another critical component of the research and analysis presented in the report. This section highlights sales growth in different regional and country-level Cutting Pliers Market. The research report provides a detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Cutting Pliers market.
Geographically, the report includes research on production, consumption, revenue, market share, and growth rate, and forecast (-) of the following regions:
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Table of Content:
1 Cutting Pliers Market Overview
1.1 Product Overview and Scope of Cutting Pliers
1.2 Cutting Pliers Segment by Type
1.2.1 Global Cutting Pliers Sales and CAGR (%) Comparison by Type (-)
1.2.2 The Market Profile of Nickel-Chrome Alloy Steel
1.2.3 The Market Profile of Chromium Vandium Alloy Steel
1.2.4 The Market Profile of High-Carbon Steel
1.3 Global Cutting Pliers Segment by Application
1.3.1 Cutting Pliers Consumption (Sales) Comparison by Application (-)
1.3.2 The Market Profile of Household
1.3.3 The Market Profile of Electric Power
1.3.4 The Market Profile of Other
1.4 Global Cutting Pliers Market, Region Wise (-)
1.4.1 Global Cutting Pliers Market Size (Revenue) and CAGR (%) Comparison by Region (-)
1.4.2 United States Cutting Pliers Market Status and Prospect (-)
1.4.3 Europe Cutting Pliers Market Status and Prospect (-)
1.4.3.1 Germany Cutting Pliers Market Status and Prospect (-)
1.4.3.2 UK Cutting Pliers Market Status and Prospect (-)
1.4.3.3 France Cutting Pliers Market Status and Prospect (-)
1.4.3.4 Italy Cutting Pliers Market Status and Prospect (-)
1.4.3.5 Spain Cutting Pliers Market Status and Prospect (-)
1.4.3.6 Russia Cutting Pliers Market Status and Prospect (-)
1.4.3.7 Poland Cutting Pliers Market Status and Prospect (-)
1.4.4 China Cutting Pliers Market Status and Prospect (-)
1.4.5 Japan Cutting Pliers Market Status and Prospect (-)
1.4.6 India Cutting Pliers Market Status and Prospect (-)
1.4.7 Southeast Asia Cutting Pliers Market Status and Prospect (-)
1.4.7.1 Malaysia Cutting Pliers Market Status and Prospect (-)
1.4.7.2 Singapore Cutting Pliers Market Status and Prospect (-)
1.4.7.3 Philippines Cutting Pliers Market Status and Prospect (-)
1.4.7.4 Indonesia Cutting Pliers Market Status and Prospect (-)
1.4.7.5 Thailand Cutting Pliers Market Status and Prospect (-)
1.4.7.6 Vietnam Cutting Pliers Market Status and Prospect (-)
1.4.8 Latin America Cutting Pliers Market Status and Prospect (-)
1.4.8.1 Brazil Cutting Pliers Market Status and Prospect (-)
1.4.8.2 Mexico Cutting Pliers Market Status and Prospect (-)
1.4.8.3 Colombia Cutting Pliers Market Status and Prospect (-)
1.4.9 Middle East and Africa Cutting Pliers Market Status and Prospect (-)
1.4.9.1 Saudi Arabia Cutting Pliers Market Status and Prospect (-)
1.4.9.2 United Arab Emirates Cutting Pliers Market Status and Prospect (-)
1.4.9.3 Turkey Cutting Pliers Market Status and Prospect (-)
1.4.9.4 Egypt Cutting Pliers Market Status and Prospect (-)
1.4.9.5 South Africa Cutting Pliers Market Status and Prospect (-)
If you are looking for more details, kindly visit China Cutting Pliers Manufacturers.
1.4.9.6 Nigeria Cutting Pliers Market Status and Prospect (-)
1.5 Global Market Size of Cutting Pliers (-)
1.5.1 Global Cutting Pliers Revenue Status and Outlook (-)
1.5.2 Global Cutting Pliers Sales Status and Outlook (-)
2 Global Cutting Pliers Market Landscape by Player
2.1 Global Cutting Pliers Sales and Share by Player (-)
2.2 Global Cutting Pliers Revenue and Market Share by Player (-)
2.3 Global Cutting Pliers Average Price by Player (-)
2.4 Global Cutting Pliers Gross Margin by Player (-)
2.5 Cutting Pliers Manufacturing Base Distribution, Sales Area and Product Type by Player
2.6 Cutting Pliers Market Competitive Situation and Trends
2.6.1 Cutting Pliers Market Concentration Rate
2.6.2 Cutting Pliers Market Share of Top 3 and Top 6 Players
2.6.3 Mergers & Acquisitions, Expansion
3 Cutting Pliers Upstream and Downstream Analysis
3.1 Cutting Pliers Industrial Chain Analysis
3.2 Key Raw Materials Suppliers and Price Analysis
3.3 Key Raw Materials Supply and Demand Analysis
3.4 Manufacturing Process Analysis
3.5 Market Concentration Rate of Raw Materials
3.6 Downstream Buyers
3.7 Value Chain Status Under COVID-19
4 Cutting Pliers Manufacturing Cost Analysis
4.1 Manufacturing Cost Structure Analysis
4.2 Cutting Pliers Key Raw Materials Cost Analysis
4.2.1 Key Raw Materials Introduction
4.2.2 Price Trend of Key Raw Materials
4.3 Labor Cost Analysis
4.3.1 Labor Cost of Cutting Pliers Under COVID-19
4.4 Energy Costs Analysis
4.5 R&D Costs Analysis
5 Market Dynamics
5.1 Drivers
5.2 Restraints and Challenges
5.3 Opportunities
5.3.1 Advances in Innovation and Technology for Cutting Pliers
5.3.2 Increased Demand in Emerging Markets
5.4 Cutting Pliers Industry Development Trends under COVID-19 Outbreak
5.4.1 Global COVID-19 Status Overview
5.4.2 Influence of COVID-19 Outbreak on Cutting Pliers Industry Development
5.5 Consumer Behavior Analysis
6 Players Profiles
6.1 Channellock
6.1.1 Channellock Basic Information, Manufacturing Base, Sales Area and Competitors
6.1.2 Cutting Pliers Product Profiles, Application and Specification
6.1.3 Channellock Cutting Pliers Market Performance (-)
6.1.4 Channellock Business Overview
6.2 Bohle
6.2.1 Bohle Basic Information, Manufacturing Base, Sales Area and Competitors
6.2.2 Cutting Pliers Product Profiles, Application and Specification
6.2.3 Bohle Cutting Pliers Market Performance (-)
6.2.4 Bohle Business Overview
6.3 NWS
6.3.1 NWS Basic Information, Manufacturing Base, Sales Area and Competitors
6.3.2 Cutting Pliers Product Profiles, Application and Specification
6.3.3 NWS Cutting Pliers Market Performance (-)
6.3.4 NWS Business Overview
6.4 Craftsman
6.4.1 Craftsman Basic Information, Manufacturing Base, Sales Area and Competitors
6.4.2 Cutting Pliers Product Profiles, Application and Specification
6.4.3 Craftsman Cutting Pliers Market Performance (-)
6.4.4 Craftsman Business Overview
6.5 KNIPEX
6.5.1 KNIPEX Basic Information, Manufacturing Base, Sales Area and Competitors
6.5.2 Cutting Pliers Product Profiles, Application and Specification
6.5.3 KNIPEX Cutting Pliers Market Performance (-)
6.5.4 KNIPEX Business Overview
6.6 Armstrong Tools
6.6.1 Armstrong Tools Basic Information, Manufacturing Base, Sales Area and Competitors
6.6.2 Cutting Pliers Product Profiles, Application and Specification
6.6.3 Armstrong Tools Cutting Pliers Market Performance (-)
6.6.4 Armstrong Tools Business Overview
6.7 Helmut Schmitz
6.7.1 Helmut Schmitz Basic Information, Manufacturing Base, Sales Area and Competitors
6.7.2 Cutting Pliers Product Profiles, Application and Specification
6.7.3 Helmut Schmitz Cutting Pliers Market Performance (-)
6.7.4 Helmut Schmitz Business Overview
6.8 HAUPA GmbH
6.8.1 HAUPA GmbH Basic Information, Manufacturing Base, Sales Area and Competitors
6.8.2 Cutting Pliers Product Profiles, Application and Specification
6.8.3 HAUPA GmbH Cutting Pliers Market Performance (-)
6.8.4 HAUPA GmbH Business Overview
6.9 GearWrench
6.9.1 GearWrench Basic Information, Manufacturing Base, Sales Area and Competitors
6.9.2 Cutting Pliers Product Profiles, Application and Specification
6.9.3 GearWrench Cutting Pliers Market Performance (-)
6.9.4 GearWrench Business Overview
7 Global Cutting Pliers Sales and Revenue Region Wise (-)
7.1 Global Cutting Pliers Sales and Market Share, Region Wise (-)
7.2 Global Cutting Pliers Revenue (Revenue) and Market Share, Region Wise (-)
7.3 Global Cutting Pliers Sales, Revenue, Price and Gross Margin (-)
7.4 United States Cutting Pliers Sales, Revenue, Price and Gross Margin (-)
7.4.1 United States Cutting Pliers Market Under COVID-19
7.5 Europe Cutting Pliers Sales, Revenue, Price and Gross Margin (-)
7.5.1 Europe Cutting Pliers Market Under COVID-19
7.6 China Cutting Pliers Sales, Revenue, Price and Gross Margin (-)
7.6.1 China Cutting Pliers Market Under COVID-19
7.7 Japan Cutting Pliers Sales, Revenue, Price and Gross Margin (-)
7.7.1 Japan Cutting Pliers Market Under COVID-19
7.8 India Cutting Pliers Sales, Revenue, Price and Gross Margin (-)
7.8.1 India Cutting Pliers Market Under COVID-19
7.9 Southeast Asia Cutting Pliers Sales, Revenue, Price and Gross Margin (-)
7.9.1 Southeast Asia Cutting Pliers Market Under COVID-19
7.10 Latin America Cutting Pliers Sales, Revenue, Price and Gross Margin (-)
7.10.1 Latin America Cutting Pliers Market Under COVID-19
7.11 Middle East and Africa Cutting Pliers Sales, Revenue, Price and Gross Margin (-)
7.11.1 Middle East and Africa Cutting Pliers Market Under COVID-19
8 Global Cutting Pliers Sales, Revenue (Revenue), Price Trend by Type
8.1 Global Cutting Pliers Sales and Market Share by Type (-)
8.2 Global Cutting Pliers Revenue and Market Share by Type (-)
8.3 Global Cutting Pliers Price by Type (-)
8.4 Global Cutting Pliers Sales Growth Rate by Type (-)
8.4.1 Global Cutting Pliers Sales Growth Rate of Nickel-Chrome Alloy Steel (-)
8.4.2 Global Cutting Pliers Sales Growth Rate of Chromium Vandium Alloy Steel (-)
8.4.3 Global Cutting Pliers Sales Growth Rate of High-Carbon Steel (-)
9 Global Cutting Pliers Market Analysis by Application
9.1 Global Cutting Pliers Consumption and Market Share by Application (-)
9.2 Global Cutting Pliers Consumption Growth Rate by Application (-)
9.2.1 Global Cutting Pliers Consumption Growth Rate of Household (-)
9.2.2 Global Cutting Pliers Consumption Growth Rate of Electric Power (-)
9.2.3 Global Cutting Pliers Consumption Growth Rate of Other (-)
10 Global Cutting Pliers Market Forecast (-)
10.1 Global Cutting Pliers Sales, Revenue Forecast (-)
10.1.1 Global Cutting Pliers Sales and Growth Rate Forecast (-)
10.1.2 Global Cutting Pliers Revenue and Growth Rate Forecast (-)
10.1.3 Global Cutting Pliers Price and Trend Forecast (-)
10.2 Global Cutting Pliers Sales and Revenue Forecast, Region Wise (-)
10.2.1 United States Cutting Pliers Sales and Revenue Forecast (-)
10.2.2 Europe Cutting Pliers Sales and Revenue Forecast (-)
10.2.3 China Cutting Pliers Sales and Revenue Forecast (-)
10.2.4 Japan Cutting Pliers Sales and Revenue Forecast (-)
10.2.5 India Cutting Pliers Sales and Revenue Forecast (-)
10.2.6 Southeast Asia Cutting Pliers Sales and Revenue Forecast (-)
10.2.7 Latin America Cutting Pliers Sales and Revenue Forecast (-)
10.2.8 Middle East and Africa Cutting Pliers Sales and Revenue Forecast (-)
10.3 Global Cutting Pliers Sales, Revenue and Price Forecast by Type (-)
10.4 Global Cutting Pliers Consumption Forecast by Application (-)
10.5 Cutting Pliers Market Forecast Under COVID-19
11 Research Findings and Conclusion
12 Appendix
12.1 Methodology
12.2 Research Data Source
Continued. . .
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