RECENT NEWS
DailyFinance  Jul 16  Comment 
Hampshire Group, Limited (OTC Markets:HAMP) today announced that it has signed a Master Supply Agreement with Levi Strauss & Company in which Hampshire will supply knit shirts, woven shirts and sweaters to Dockers’ global...
Cloud Computing  Feb 27  Comment 
GT Nexus today announced that it has been selected by TOMS to provide the cloud supply chain technology platform to support global sourcing and import operations at the rapidly growing footwear and eyewear company. TOMS will use the technology...
Wall Street Journal  Jan 22  Comment 
Wal-Mart is warning suppliers that it is adopting a "zero-tolerance policy" for violations of its global sourcing standards. Suppliers who don't comply will be cut off immediately, in contrast to a previous "three strikes" approach.
Forbes  Jan 14  Comment 
After the market closed on Friday, Li & Fung announced that last year's operating profit was expected to fall 40%. The global sourcing company blamed ongoing restructuring costs and provisions at its business in the U.S. All other parts of Li &...
Cloud Computing  Nov 13  Comment 
Core Solutions, a leading provider of extended product lifecycle management, global sourcing and supplier collaboration systems for the retail industry, today announced it has signed an agreement with Safeway to implement...
Cloud Computing  Oct 8  Comment 
Aerohive Networks, the leader in controller-less Wi-Fi and cloud-enabled networking, today announced that it is expanding its management team to support the company’s rapid growth in the hot cloud-enabled enterprise...
The Hindu Business Line  Jul 22  Comment 
For the French multinational Alstom, setting up of a rolling stock manufacturing unit at Sri City in Andhra Pradesh could be the beginning of a new phase in its transport business in India.
The Hindu Business Line  May 8  Comment 
India has urged the US to ease visa curbs on IT professionals and relax its protectionist stance on global sourcing for its services industry. The External Affairs Minister, Mr S. M. Krishna, conv...
The Hindu Business Line  Apr 14  Comment 
MFG.com, the largest global sourcing marketplace for the manufacturing industry, will conduct ‘Supplier Discovery Tour' in India. It will conduct buyer-seller meet and seminars in New Delh...
The Hindu Business Line  Nov 11  Comment 
Company's new plant may lift turnover by Rs 1,000 cr in next 2-3 years




 

The term global sourcing refers the practice of obtaining materials for production or resale from abroad. The term usually describes developed-world companies purchasing material from less developed areas to achieve cost savings.

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