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The Center for Automotive Research has stated, “Mexico has Free Trade Agreements (FTAs) with over 40 countries, and roughly 70% of the world’s Gross Domestic Product (GDP) can be accessed tariff-free from Mexico. No other country in the world boasts an equivalent export environment,” (November, 2014). The report goes on to state that having easy access to both the Atlantic and Pacific Oceans has been powerful in increasing automotive investment. The relative competitiveness of countries changes over time due to many factors that get reflected in inflation rates, currency valuation and worker productivity.
How can purchasing organizations analyze these factors when making sourcing decisions to ensure that today’s low cost country sourcing does not become tomorrow’s request for a price increase?
In our webinar we will:
1. Understand how inflation, productivity and foreign exchange can change the competitiveness of supplier quotes over time.
2. Learn which countries provide least short and long term risks importing to the US.
3. Learn how to analyze risks on a specific sourcing decision.
4. Provide participants with an Excel-based take away tool that can be used for future analysis.
For more information on presenter Jeoff Burris, please visit apurchasingd.com/about-us.
Learn about guest Jon Gabrielsen here.