In the last 50 years, purchasing has transformed from a transactional role into one that’s more strategic, aligned with long-term business requirements.
Setting up operations in a new country involves overcoming regulatory complexities, ensuring compliance with local laws, and tailoring strategies to unique cultural landscapes.
Rather than asking “how can we avoid negative publicity during a recall?,” food businesses can flip the question to “how can we harness the power of the media to help us protect the public and our brand?"
Global sourcing allows businesses to realize cost efficiencies, access to innovation, broader market exposure and improved quality of products — provided that they implement some key strategies.
A new U.S. presidential administration signals a potential significant shift in American economic policy, affecting M&A, global trade and supply chains.
It's increasingly critical for supply chain-reliant companies to protect their goods in transit, and maintain operational resilience in order to meet customer expectations.