The Pros and Cons: International and Domestic Sourcing

Unleashed

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. Let’s compare the strengths and weaknesses of both international and domestic sourcing options. International Sourcing. Reaping the benefits of international sourcing.

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Complex costs of transportation

Supply Chain Movement

10 questions about Freight Spend Management. There are numerous ways a shipper can reduce freight spend. And freight costs are continuing to rise, pushed upward by factors such as globalized distribution and unpredictable fuel prices. Supply Chain Movement and software vendor Eyefreight have developed this checklist to provide to pinpoint the key drivers of Freight Spend Management. This is an important aspect of managing freight spend. Indonesia.

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What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

In fact, JOC.com sites many Southeast Asia countries—including India, South Korea, Taiwan, Thailand, and Indonesia—have significantly grown their imports into the United States, anywhere from 13-37% compared to last year. This shows importers are shifting their sourcing locations to countries other than China. Robinson’s local experts in offices around the globe use this kind of information to help manage peak season ocean freight and resolve problems in real time.

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What you should know about ASEAN Last Mile Delivery

Abivin

Source The logistics landscape also varies across ASEAN countries. Other agile logistics markets include Indonesia, with their logistics sector expected to grow by up to 16% annually by 2020. While Malaysia seeks to strengthen technology and human capital and boost freight demand, Indonesia simplifies logistics regulations to encourage businesses to immerse in e-commerce. Source 3.

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How COVID-19 is Battering Australia’s Imports and Exports

Logistics Bureau

Source Australian Bureau of Statistics. Refined petroleum: Australia sources most of its refined petroleum products from Singapore, which, with 138+ confirmed cases, is also in the COVID-19 firing line. Freight transport services: Shipping and air freight are among the services most badly affected by the Coronavirus epidemic, and Australia will not be able to avoid the knock-on effect.

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The need to know

EFT

Apple supplier Foxconn, others hit as India holds up imports from China-sources. India’s additional scrutiny of imports from China has disrupted operations at plants owned by Apple supplier Foxconn in southern India, three sources told Reuters, and other foreign firms are also facing delays as tensions between the two countries build. Indonesia reports $850 mln in factory investments, says billions committed. . The need to know from Reuters global network of journalists.

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5 Ways To Improve Your Import-Export Business Now

EMERGE App

Or, if you’re lucky to deal with tropical islands like Indonesia , Thailand and the Philippines , do remember the concept of island time. This means reviewing your sourcing methods and reducing the time your stock spends on ships, trucks, and warehouses. This means sourcing them from trade portals or overseas trade exhibitions. Finally, you can reduce some of the shipping costs by using your own freight forwarder. Introduction.

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Reversing globalisation: Near shoring, reshoring or staying put?

EFT

It will take a bit of time to be implemented and it will be a combination of increasing stock and near-shoring and double-sourcing.”. We predict that businesses will keep significant portions of production in the Far East, possibly expanding to rising stars such as Vietnam, Indonesia and Turkey. Eft asks experts from PwC, McKinsey and Zencargo to find out Premium`: Freemium`: Channels: Supply Chain Freight Logistics Article Type: Features & Opinion Publish as a report

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