International Procurement in Emerging Markets
Emerging markets have been playing an important role in sourcing activities. Rapid growth has raised their value in world trade as both sourcing regions and sales markets. Procurement companies that are sourcing in emerging markets realize great opportunities and competitive advantages. However, procurement companies face challenges and risks in emerging markets. It is important for successful companies to develop appropriate sourcing and logistics strategies in order to overcome these challenges. The study International Procurement: Challenges and Opportunities in Emerging Markets provides insights into approaches by top performers in dealing with these challenges and analyzes what it is that raises them above their competitors in their sourcing activities in emerging markets. Efficient management of procurement processes requires a simultaneous focus on specific, crucial factors such as costs, supplier performance, collaboration technologies, and sustainable procurement aspects. Companies that are able to master these factors will succeed in their emerging market sourcing operations.