Made in the U.S.A. – the new frontier for sourcing?
There has been a growing realization that "the obvious" global sourcing decision may not be so obvious after all.
Over the years, there has been a lot of play in the media and in the purchasing profession regarding the subject of Low Cost Country Sourcing and offshoring. Depending on the year, it might’ve been a popular sourcing destination to be in India, China, Poland, Hungary, or any number of other countries.
More recently, there has been a growing realization that “the obvious” global sourcing decision may not be so obvious after all. A number of factors need to be understood in order to make the right decision; among them: currency valuations, sovereign country risk, quality issues, inventory issues, transit times, supply chain risks, etc.). To say it another way, a lot of homework and a lot of scenario planning are required to ensure that today’s global sourcing decision is a smart one for the foreseeable future.
It is in that context that I found the following article interesting. The title (American Made: Five Companies Bucking the Outsourcing Trend) says it all.
What are you seeing in your business? If you are a U.S. based company, have you reversed any previous offshoring decisions in favor of awarding business to US suppliers? If you are a non-U.S. based company, have you awarded any of your business to globally-competitive manufacturers based in the U.S.?
Related Article: 10 Great Companies still manufacturing in the USA
About the AuthorRobert A Rudzki Robert A. Rudzki is a former Fortune 500 Senior Vice President & Chief Procurement Officer, who is now President of Greybeard Advisors LLC, a leading provider of advisory services for procurement transformation, strategic sourcing, and supply chain management. Bob is also the author of several leading business books including the supply management best-seller "Straight to the Bottom Line®", its highly-endorsed sequel "Next Level Supply Management Excellence," and the leadership book "Beat the Odds: Avoid Corporate Death & Build a Resilient Enterprise." You can reach him through his firm's website: www.GreybeardAdvisors.com
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