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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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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Integrated firms ‘are set for success’ with global sourcing

New research suggests that firms looking to global sourcing as a part of their supply chain may meet with greater success if their own operations are already well integrated. A team at the University of Twente in the Netherlands interviewed 82 purchasers from a multinational automotive manufacturer based in Germany – a truly international study. …

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