Sourcing Components From Abroad: Risks and Rewards
Sourcing Components Abroad With many risks and rewards that stem from sourcing components abroad, here we will go through the main points so that your business can stay profitable. With the right approach, sourcing products from elsewhere can benefit your business because you can search for quality items at a better value. The Internet has […]
5 Benefits of Using a Global Sourcing (Overseas Sourcing) Company
Global sourcing involves buying services, products or materials from suppliers or manufacturers from outside your own country. Although sourcing domestically has a number of advantages – namely, faster logistics, improved production control and a shorter time to bring goods to market, overseas sourcing offers numerous advantages too. Here are just five of the benefits associated […]
Turkey-UK exports up 9% in January 2014
The latest figures from the Turkish Statistical Institute show an 8.6% increase in exports from Turkey in January 2014, with the UK among its main international business partners. In January, Turkey exported some $12.5 billion worth of goods – equivalent to about £7.6 billion at current exchange rates. That’s a seasonally adjusted 4.5% increase on […]
Budget 2014 pledges ‘radical package’ for UK manufacturing
The 2014 Budget speech delivered in Parliament by Chancellor of the Exchequer George Osborne promised a “radical package” of measures to help those in the UK manufacturing sector. In a Red Book that calls business investment “critical” to long-term economic growth and a speech renewing the need for Britain to appear ‘open for business’, several […]
15% of firms look to reduce supplier costs
More than one in seven UK private businesses are looking to reduce supplier costs over the coming year, according to figures from PricewaterhouseCoopers. In a survey conducted to coincide with the Budget speech earlier this month, PwC found the biggest factor preventing companies from investing in their future is economic uncertainty. This is followed by […]