The European financial meltdown has made headlines worldwide, but it is just a small part of the global economic crisis. The devaluation of the Euro has many global businesses wondering if global sourcing is such a good idea. Procurement organizations have to consider the outcome of the volatile currency markets, when considering their supply chain risks. Currency hedging is a difficult game to play in a stable market, let alone in such a risky economic environment. In light of this, global supply contracts are being reevaluated, for more local options. Businesses are buying and selling locally, to avoid the risk of currency inflation loss.
eBridge prides itself on being a fully managed reverse auction service provider. We provide strategic sourcing based on the criteria provided by the buyer. We source for local, national, or global suppliers, based on our buyers needs. We also average 36 suppliers to a buyer’s bid.
To learn more about eBridge please contact us at: 1-877-245-8880, or visit our website http://www.ebridgeglobal.com.
To learn more about the eurozone crisis, read the full article from Spend Matters here: http://www.spendmatters.com/index.cfm/2012/1/10/Adding-the-Eurozone-Crisis-to-the-Reasons-Why-Local-Sourcing-Makes-Economic-Sense