Insights from Tom Fitzgerald on Navigating Overseas Sourcing Challenges
Tom Fitzgerald shares his experiences in overseas sourcing compared to local procurement. He discusses the complexities, including longer delivery times due to ocean transportation, communication hurdles with intermediaries, and the growing influence of geopolitics on global sourcing decisions. Tom notes a shifting trend where businesses are considering North America as a viable manufacturing hub, citing infrastructure development and a renewed focus on automation, transparency, and collaboration with vendors. He highlights the importance of open dialogue and thorough due diligence in the supply chain to ensure successful outcomes in an evolving global landscape.