UK set to increase foreign sourcing by up to 70%
29 August 2012
Sourcing by UK companies of goods and services from low-cost countries will increase by 70 per cent and 64 per cent respectively over the next five years, according to a new study.
European suppliers are expected to suffer as British firms are lured to source production in cheaper countries.
But despite interest in sourcing from abroad, the study found that only a quarter of companies had begun to lay the foundations needed to make a success of it.
Christopher Jahns, executive director of the Supply Management Institute in Germany,...