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What is a Sourcing Agency and How does it work?

SCMDOJO

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

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Top 8 Industries Affected by The Red Sea Crisis in January 2024

Resilinc

This disruption affects various industries, including suppliers for global retailers and car manufacturers. Kia, in particular, faces vulnerability to delays, affecting its just-in-time manufacturing model. 5 Pakistan’s Salt Export Industry A photo showing a salt factory in Pakistan. Whirlpool Corporation, a major U.S.-based

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Can Australian Manufacturing be Brought Back Home from China?

Logistics Bureau

The short answer is that it is indeed possible to re-shore manufacturing but it will take a change in government policies as well as sizeable state incentives to private enterprise to turn the ship around. Can Australian Manufacturing be Brought Back Home from China? Only time will tell. Why China Became Australia’s Factory.

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Trends 2024: Risk Management

Enterra Insights

While this will help engineering and manufacturing companies borrow to increase investment and ease inflation on domestic costs (and for their sales), it could lead to a weaker dollar, particularly to the yen. manufacturing exports but will reduce purchasing power for imported materials, components, and equipment.”[6]

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Audit Safe?

Supply Chain Shaman

The PCA factory that manufactured the peanut butter was certified as safe by the American Institute of Baking (AIB). 262 workers died in Pakistan in September 2012 in a factory fire. Walmart has worked hard on ethical sourcing. It was an order being manufactured by a supplier of Walmart. It should not have happened.

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Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Manufacturing sites have been rationalized in terms of, “we don’t need five factories in this country, we only need three, then two, then we don’t need them at all, we’ll move them to China”. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course.

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Supply Chain Management in Apparel Industry

SCMDOJO

Design is the first step that happens in apparel manufacturing. For the production, the appropriate raw material is sourced or produced based on the details provided by the fashion designers in the previous step. Next, the raw materials are used to manufacture and put together the designs. And this is where it all begins.

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