What are the main challenges of global sourcing?
Global sourcing presents several challenges, including supply chain complexity, quality control, and cultural differences.
Can you elaborate on supply chain complexity?
Certainly! Supply chain complexity arises from managing multiple suppliers across different countries, which can lead to delays and increased costs.
How do cultural differences impact global sourcing?
Cultural differences can affect communication, negotiation styles, and business practices, potentially leading to misunderstandings.
What strategies can companies use to overcome these challenges?
Companies can implement clear communication protocols, invest in technology for better visibility, and build strong relationships with suppliers.
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