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2025-12-22 15:06:04 -

Moving Beyond Lowest Cost: How Best-Cost Country Sourcing Transforms Procurement

Due to rising labor costs in many international supply chains, logistics bottlenecks, geopolitical risks, and increasing pressure for sustainability, the old strategy of sourcing from the “lowest cost country” simply is not enough. While sourcing from the lowest cost country probably allowed some short-term savings, it probably also introduced higher risks for poor quality,...

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