What are some examples of global sourcing?
Global sourcing involves procuring goods and services from international suppliers. Examples include companies like Apple sourcing components from various countries, or Nike manufacturing shoes in Vietnam.
Can you give me more specific examples of companies that use global sourcing?
Sure! Companies like Samsung source semiconductors from South Korea, while Toyota sources parts from multiple countries to optimize production.
What are the benefits of global sourcing?
Benefits include cost savings, access to a wider range of products, and the ability to leverage global talent and innovation.
Are there any risks associated with global sourcing?
Yes, risks include supply chain disruptions, quality control issues, and potential political or economic instability in supplier countries.
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