Strategic Sourcing Business Intelligence
By Purchasing Staff -- Purchasing, 6/18/2009 2:00:00 AM
9%
Buyers increasing sourcing outside North America
Source: www.purchasingdata.com
WHAT IT MEANS:A year ago, 21% of buyers were increasing their offshore sourcing. In the recession buyers are sourcing less product and they're buying it closer to home.
88%
Buyers who say suppliers' deliveries are either same or better than a month ago
Source: www.purchasingdata.com
WHAT IT MEANS:The positive side of the recession is leadtimes tend to come in. A year ago this percentage was more than 10% lower, indicating supplier deliveries were much longer.
65%
Buyers looking to reduce inventories in May
Source: www.purchasingdata.com
WHAT IT MEANS:While it's still historically high, that's a 5% drop from a month ago, indicating buyers are burning through inventories at a slow, but noticeable pace.
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