Please develop a response back to the discussion topic listed below . Multi-sour

Please develop a response back to the discussion topic listed below .
Multi-sour

Please develop a response back to the discussion topic listed below .
Multi-sourcing has the advantage from single sourcing in that it has a greater capacity for demands.has less risk for interruption of supplies, and fosters competition which can encourage fair pricing and better quality. The disadvantage to multi-sourcing is the threat of inconsistency and the startup costs of multiple suppliers such as special equipment used in productions. Single sourcing has the advantage of building a good supplier relationship, protection of proprietary information, and consistent quality.
Companies can consider global sourcing as a way to access more workforce, vendors, and materials that would otherwise be unavailable. It is more sensible to find the best opportunity based on what would be most effective for the business. You wouldn’t want to grow avocados in Massachusetts when you would be better off buying them from Mexico where they are much easier to grow and abundant in supply. However there are challenges to global sourcing such as customs clearing, tariffs, more distance in some cases, and the interaction with government agencies. For example over the last few years China had electricity time restrictions which essentially removed 1 shift of productivity out of each day thereby causing inventory delays. Also the holiday structures of countries are different so in the United States most people would not think that there would be supplier delays from East Asia however it is the Lunar New Year and shutdowns can be 2 weeks or more.

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