Date Added: Jun 2009
The December 2007 / January 2008 edition of Supply and Demand Chain Executive reported that the percent of foreign suppliers as a percent of the total supply base increased from 18.2% three years ago to 28.7% today. It is also expected that 41.9% of the supplier base will be comprised of foreign suppliers three years from now. So, as they are quickly approaching a 50% level of foreign versus domestic supply base, it is essential that the global sourcing process is not only solid and consistent, but that it is providing spectacular results for all organizations. Otherwise, local or regional domestic supplier should be used. Today's organizations have developed global sourcing programs to bring value to customers and shareholders.