While most firms face top-line pressure due to a shrinking consumer base, exacerbated further by fierce market competition, management focus has shifted to the bottom-line with procurement being pushed to the forefront of corporate strategy. Since most supply bases have also been impacted by the recessionary environment, traditional procurement approaches are proving to be minimally effective. Hence, an increasing number of enterprises are developing newer and more innovative procurement strategies to position themselves for supply management success. One such strategy for businesses is to expand their strategic scope beyond familiar shores to capitalize on growing opportunities abroad through Low Cost Country Sourcing (LCCS).

Contributors: GEP
Categories: Whitepaper
SRC Type: Nearshoring, Outsourcing