Best-value country sourcing should consider more than just the cost

Trade & Border IssuesHot Spots
Written By Jennifer Joslyn

💰 Best-value country sourcing should consider more than just the cost.

While cost is an important factor, there are many other factors that can impact the overall value of a sourcing decision, such as lead time, quality, risk, and sustainability. For example, a country with low labor costs may seem like the best value option, but if the lead time is longer or the quality is lower, it may not provide the best overall value. Similarly, a country with high quality and short lead times may come with higher costs, but it may be worth the investment to reduce the risk of supply chain disruptions. Sustainability is also becoming an increasingly important factor in sourcing decisions, as companies look to reduce their environmental impact and meet the expectations of socially responsible consumers.

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Jennifer Joslyn
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