article thumbnail

Sourcing Priorities: Low Cost Geography or Domestic On-shoring?

Supply Chain Game Changer

For many years the predominant priority in sourcing has been finding the lowest cost possible. This paradigm has driven an incredible the movement of a tremendous amount of production to lowest cost regions such as Asia. What is the appropriate sourcing strategy going forward? Geographic Sourcing History.

article thumbnail

6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement

SCMDOJO

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Webinar Recap: The Case for a Pan-American Manufacturing Ecosystem

Resilinc

In the decades since, Linton and his teams at IBM, LG, Flex and other companies have driven billions in annual procurement to China and other Asian countries, helping to create the Asia-centric manufacturing supply chains of today. based manufacturers will still need a strong supply base from friendly countries.

article thumbnail

The Age of Agility: Building Resilience in the Supply Chain

The Logistics & Supply Chain Management Society

Border controls, China’s zero-covid policy and global shipping costs and energy prices is putting increasing pressure on supply chains throughout the Asia Pacific region. Manufacturing Network Diversification. Multi-Sourcing. Feature Article by Anthony Beavis, Managing Director APAC at Körber Supply Chain.

article thumbnail

Regionalize for resilience

Resilinc

While supply chains are starting to stabilize, Resilinc hopes the pandemic’s lessons will lead procurement and supply chain managers to shift to more regionalized sourcing models. and global OEMs have optimized and globalized sourcing and procurement to reduce labor and other input costs. does not produce.

article thumbnail

Keep These 6 Geopolitical Supply Chain Risks on Your Radar in 2024

Resilinc

In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. This year, managers and procurement professionals must stay incredibly diligent when it comes to the latest news. Discover the top geopolitical risks set to affect the global supply chain this year. Tom notes, “The U.S.

Russia 101
article thumbnail

Top Solutions for Supply Chain Agility

Logistics Viewpoints

Many-to-many can also refer to many participants in a network accessing many, many sources of event data critical to supply chain operations through a public cloud network. Descartes is a public company headquartered in Waterloo, Canada. The supply ecosystem connects over 630,000 manufacturers and suppliers.