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Globalsourcing, overseas buying, international trading? Globalsourcing usually attracts procurement professionals and other industry workers due to the perceived saving of money. Globalsourcing more often than not delivers a price saving – but at what cost?
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform GlobalSourcing”. For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. Globalization. Integration. Today this rarely exists.
Daniel Koh is currently leading a team of 130 sourcing and pricing professionals globally. He had taken on a few leadership roles in Flex such as Procurement Compliance Director, led the GlobalSourcing team, and is currently member of Flex SupplyChain Council and SupplyChain Risk Management.
At the same time, organizations have never been more exposed to risk from their supplychains, from supply continuity, quality, or ESG violations. To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers. Take carbon reductions for example.
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