Firms must weigh mode costs against reliability requirements. |
Global sourcing has become a way of life for retailers, manufacturers, and other industries. New sourcing locations provide a variety of products, components, technology, and repair and service options at competitive costs. |
In addition, stabilized political climates, reliable communications and logistics, and falling trade barriers have made it easier than ever to source from many areas of the world. |
The first batch of product from the Chinese supplier was fine. The second batch, however, was not. |
The inspector discovered the supplier actually changed the manufacturing process without telling the railroad. |
Transportation time and costs, for instance, are impacted by distance and geography. |