3 ms·
> The free market will always chose to go to the places for the cheapest material and labor. That's absolutely not true and anyone who has been involved in sou
by refurb 2y ago
> The free market will always chose to go to the places for the cheapest material and labor.
That's absolutely not true and anyone who has been involved in sourcing knows this.
There are plenty of other factors other than price alone. Reliability of source, quality, ability to response to changing volume demands, reputation, customer service, sustainability, overall capability, regulatory compliance, IP protection, financial health, quality management systems, etc.
It's the reason why any large corporation has a months long supplier due diligence process.