The End of Cheap Sourcing: Why Procurement Must Rethink Cost Assumptions
For more than three decades, procurement operated under a powerful assumption: global sourcing would continuously drive costs downward. Expanding trade liberalization, stable shipping lanes, low energy prices, and the rise of manufacturing powerhouses in Asia created an environment where “cheaper” was not only possible — it was expected. Global inflation, freight volatility, geopolitical fragmentation, and […]