Global Sourcing in 2010
The Panjiva Blog has a 2010 outlook article on global sourcing. Among their predictions for the coming year:
- You’ll have to do more with less.
- Risk management will continue to top your agenda.
- Product safety will be back in the headlines.
- Socially responsible sourcing will regain momentum.
- Sourcing outside of China will again be en vogue.
On the topic of #2, trade compliance is one way to get started on enhancing risk management!
And speaking of sourcing outside of China, taking advantage of the numerous new and existing free trade agreements is one such way to keep sourcing costs down without sourcing from China.
Learn how to manage supplier solicitation and product qualification for multiple FTAs in our white paper, “Leveraging Free Trade Agreements to Achieve the Next Level of Savings from Global Sourcing.”
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