Top Global Sourcing Mistakes

Top Global Sourcing Mistakes

Global sourcing has made trading easier for modern businesses because profits can increase as a result of cheaper products and labour. Exchange rates also work in your favour if you live in a country with a strong currency, meaning you get better value and quantities compared to sourcing domestically. However, there are plenty of mistakes …

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Choosing a UK Global Sourcing Company

Advantages of UK Global Sourcing UK global sourcing has become an increasingly effective solution for finding low-cost services, products and materials for businesses when compared to domestic supply lines. The opening up of the global market has provided access to lower labour and manufacturing costs, resulting in greater profits and value for money. If your …

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Local vs Global Sourcing

Local Vs Global Sourcing

Most businesses will find it easier to source products or components locally because of the reduction in transport time and overall efficiency. However, this is not always feasible when trying to meet large scale orders for a cheap price, leading many to harness the global market for parts with the best value and profit. At …

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What is Global Sourcing

What is Global Sourcing?

Global sourcing is when a company looks abroad to manufacture or purchase goods or services, taking advantage of global efficiencies not found domestically. Companies in countries like the UK and Germany are increasingly looking overseas to obtain the high-quality components needed in the engineering and manufacturing industries. Global sourcing has enabled many organisations to remain …

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Developing sustainable global supply chains

Developing Sustainable Global Supply Chains

Sustainable Supply Chains It has become increasingly apparent that sustainability should be a key focus for businesses and consumers in 2021, with the COVID-19 Pandemic and climate crisis highlighting the impact of global supply chains on natural resources and the environment. The ‘Capgemini Research Institute’ latest report signifies that 79% of consumers changed their shopping …

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How much of your supply chain is at risk

Is Your Supply Chain at Risk?

From the pandemic to a ship getting stuck in the Suez Canal, there’s been no shortage of supply chain disruptions recently.  Businesses without contingency plans were the hardest hit because of an over-reliance on “just in time” manufacturing. Others because their supply chain was so fragile that the slightest disruption upset things. A smooth, efficient …

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Sourcing Components From Abroad: Risks and Rewards

Sourcing Components Abroad With many risks and rewards that stem from sourcing components abroad, here we will go through the main points so that your business can stay profitable. With the right approach, sourcing products from elsewhere can benefit your business because you can search for quality items at a better value. The Internet has …

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return to pre-pandemic output in 2021 statista

A double hit for supply chains: Brexit and COVID-19

The combined effects of the coronavirus pandemic and Brexit have impacted some business sectors more than others.  Take the car industry for example which has been impacted by both of these challenges. Due to COVID-19 consumer demand for vehicles has plunged, trickling through the supply chain. Adding Brexit into the mix a car produced in …

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What’s The Impact of E-procurement on SMEs?

Did you know nearly 6 million small businesses existed in the UK at the start of 2019? If you’ve taken the plunge yourself , you’ll know that keeping a small business afloat can be a massive challenge. Larger more established organisations often enjoy a much bigger amount of working capital, plus technologies and processes to …

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Looking At The Challenges of Digital Transformation In Construction

Challenges of Digital Transformation In Construction

Construction companies have long appeared to struggle with embracing the benefits of digital platforms. However, digitisation is here to stay so it’s important to think about why this might be. Consider this common scenario in the construction industry; a company works for many years on designing new software platforms – 5D BIM for example. It …

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