Risks in Emerging Market Sourcing
By
http://www.dragonsourcing.com
What is Emerging Market Sourcing ?
ď ą Emerging market sourcing business with more profit.
helps you to do
ď ą Emerging markets always have large territories and populations. ď ą Countries falling under emerging markets pursued economic policies which lead to faster growth and expand trade.
Risks in Emerging Market Sourcing
Lack of Good Suppliers. Supplier Maturity. Hidden cost
Lack of Good Suppliers.
Sometimes the suppliers are not so good. Emerging economies are characterised with few extremely good global players.
Not everyone gets the best suppliers.
Supplier Maturity.
Supplier maturity is an important factor. The suppliers who are in the acceptable band face lower maturity levels.
Lack of maturity effects the product quality . It finally affects the buying company.
Hidden cost
ď ą Sourcing in emerging market is done mainly to save the cost. ď ą Savings percentage range between 20% 45%. ď ą The hidden costs of improper risk analysis & management risks to lower the cost saving potential.
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