Before dashing out of the office last Friday afternoon -- I'm trying to keep blogging "summer hours" on Friday, wrapping up work by 5:00 rather than researching stories until late in the night -- I came across this CIPs research write-up. The whitepaper summary notes that a study of their UK members that found "81 per cent of procurement professionals surveyed now source globally. In addition, the vast majority (96 per cent) think that globalisation has not been exploited to its capacity in the procurement and supply-chain profession."
In addition, "although 40 per cent said cost cutting as the main long-term benefit of globalisation, a greater number, 45 per cent, cited improving business efficiency and reducing the risks of supply-chain vulnerability as the main benefit." Now, given that this is the UK, we should consider how CIPs defines global sourcing in looking at these numbers. For example, is developing a supplier in Wales while speaking Welsh, global sourcing? Heck, importing Guiness into an Irish pub in London should be considered a global sourcing transaction as well (considering it seems that the beer's quality declines 50% as soon as it travels outside of the Irish borders). And certainly, sourcing from those barbarians on the continent is considered global, isn't it?