article thumbnail

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! Customers demanded cheaper prices, more choices and faster fulfilment. And it’s not just an immense and low-cost labour force that has given Chinese manufacturers a competitive advantage.

article thumbnail

Slavery and Supply Chain Transparency

Enterra Insights

… As long as the price was cheap and the quality was good, companies saw little need to ask further questions.” Back in 2015, Nestlé committed itself to “be an industry leader in determining where the seafood [in its supply chain] is coming from and demanding it is Sourced Responsibly.” “[5].

Insiders

Sign Up for our Newsletter

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

article thumbnail

Tectonic Shift: From Audits/Compliance to Due-diligence & Collaboration: Recap of the Forum on UK Modern Slavery

EcoVadis

During the second morning panel EcoVadis’ Michael Smith discussed multi-faceted approach, and provoked lots of note-taking when the 360° watch feature (part of our multi-source news and stakeholder monitoring aspect of our Methodology ) was mentioned. the buyer would discover their key suppliers and start purchasing directly).

article thumbnail

Pharma Trend: Companies are Waiving Drug Patents in Developing Countries

Elementum

Strong intellectual property protection often leads to prohibitive drug prices. This aggravates the problem of access because generic competition is an effective way of reducing the prices of medicines. But one factor has been getting significant attention in recent months: Drug patents. Patents ensure return of sales.

Uganda 79
article thumbnail

6 Common Supply Chain Mistakes and How to Resolve Them

AFFLINK

The cost of recovery from a disruption in procurement management depends on factors such as supply source, volume, manufacturing location and inventory. A group purchasing organization typically finds that it spends 80 percent of its budget on their top 20 suppliers, and they also organize other resources such as time by spend.

article thumbnail

Global Sourcing and Human Rights Go Hand in Hand

NC State SCRC

Low-cost country (LCC) sourcing is now a commonplace strategy for shrinking bottom line labor and material costs in most consumer products industries, including apparel, footwear, toys, and other manufactured products. This includes, but is not limited to, the proper disposal of hazardous waste.