The pros and cons of different types of global sourcing strategies
Are you wondering about the advantages of global sourcing and the different strategies available? Whether it’s cost savings, supply chain flexibility, or quality improvement, understanding these strategies is essential to making an informed decision. In this post, we’ll review the pros and cons of various sourcing strategies to help you decide which is best suited […]
How to choose the best global sourcing partner for your business
When manufacturing goods, global sourcing is the key to competitive advantage. Thanks to globalisation, the playing field has levelled and it’s easy for businesses of all sizes to access new markets, lower costs, and benefit from more efficient supply chains. However, with more choices than ever before, how do you choose the best global sourcing […]
Top Global Sourcing Mistakes
Global sourcing has made trading easier for modern businesses because profits can increase as a result of cheaper products and labour. Exchange rates also work in your favour if you live in a country with a strong currency, meaning you get better value and quantities compared to sourcing domestically. However, there are plenty of mistakes […]
Is Your Supply Chain at Risk?
From the pandemic to a ship getting stuck in the Suez Canal, there’s been no shortage of supply chain disruptions recently. Businesses without contingency plans were the hardest hit because of an over-reliance on “just in time” manufacturing. Others because their supply chain was so fragile that the slightest disruption upset things. A smooth, efficient […]
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 […]
Subcon event 2014 – There is still time for you to register, contact us for your free pass
This year’s event is set to be the biggest yet, with over 300 subcontractors exhibiting and a greater than ever participation by UK exhibitors. Darian Global Sourcing is delighted to be attending this year – it’s the UK’s only dedicated national exhibition for contract and subcontract manufacturing. The show returns to the NEC in Birmingham, from 3rd to […]
Outsourced manufacturing ‘reduces supply chain uncertainties’
Outsourced manufacturing can be an effective way to tackle supply chain uncertainties, according to an article in the International Journal of Logistics Management. A team from the Dalian University of Technology and East Carolina University looked at the potential to use outsourcing as a means of overcoming uncertainty within the supply chain, and in particular […]
Integrated firms ‘are set for success’ with global sourcing
New research suggests that firms looking to global sourcing as a part of their supply chain may meet with greater success if their own operations are already well integrated. A team at the University of Twente in the Netherlands interviewed 82 purchasers from a multinational automotive manufacturer based in Germany – a truly international study. […]
How UKTI Export Week could change your views on global sourcing
April 7th-11th 2014 is UK Trade & Investment’s Export Week – so what does exporting from the UK to other countries have to do with the global sourcing of components as imports into the UK? The answer lies in a seminar on intellectual property rights which is due to take place in Nottingham on April […]