More than half (51 percent) of executives do not think their current procurement model is effective, a survey has found.

Globalization, a seemingly unstoppable trend until last year, suddenly looks less inexorable as President Donald Trump moves to put "America First," and the United Kingdom leaves the European Union. These abrupt policy shifts are forcing executives to rethink strategies based on global economic integration, particularly cost-efficiency initiatives that rely on outsourcing or offshoring business processes.

Ford Motor Co. is the second major automaker in recent weeks to make the news for focusing on sustainably sourced materials for use in manufacturing.