The COVID-19 pandemic profoundly impacted the global logistics system, causing disruptions to the delivery of raw materials and products and resulting in rising prices and production costs. Post-COVID, businesses must adapt to this new era of e-commerce, which is highly driven by consumer needs and demands. As such, businesses worldwide must place greater importance on finding quality packaging solutions to ensure the safe and secure delivery of products to customers’ doorsteps.
Looking back, the current trend of global sourcing originated from the United States seeking raw materials or production bases in countries with lower labor and production costs, such as China, India, and Southeast Asian countries. This approach helped reduce costs and diversify risks.
With the advancement of logistics technology, global sourcing has become a crucial strategy for managing supply chains for SMEs and large corporations.
Major industries have implemented and benefited from this global sourcing strategy, including: