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

Requis

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

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Supply Chain Management in Apparel Industry

SCMDOJO

For the production, the appropriate raw material is sourced or produced based on the details provided by the fashion designers in the previous step. Countries, especially in South Asia, like China, India, Bangladesh, Pakistan, Vietnam, etc., Production of the Garment. This reduces the cost of keeping the inventory that would not sell.

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Ten Supply Chain Predictions for 2023

NC State SCRC

For instance, a large apparel brand requested about 20 of their largest textile mills (many in Pakistan, Singapore, China, and other regions) to travel all the way to San Francisco for a “Vendor Summit”. Walmart will pay more for domestic sources, but will not be burdened with the inventory and purchasing FOB.

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Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

This isn’t to say you should avoid international sources for goods. The following strategies should get you started: Travel. After all, the more you know about an item’s origin — and what it takes to get it to your warehouse — the easier it becomes to identify any middlemen that might be artificially elevating the price of goods.

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Spire and Gravity Supply Chain solutions helping restore flow of goods

Gravity Supply Chain

In just the first two months of the war, over 4 million tons of wheat have been taken off the global market , with the largest importers of Ukrainian wheat—Egypt, Indonesia, Turkey, Pakistan, and Morocco—facing potentially significant food shortages later in the year. “Moving away [from wanting] to point to one thing.

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Top 20 Verified Supply Chain Experts You Can Hire

SCMDOJO

Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. They come from a variety of backgrounds. Hire any of them as your supply chain consultant and see the difference! You can Hire Matias or start a conversation from here