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Global sourcing. Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service. These efficiencies include low cost skilled labor, low cost raw material, extreme international competition ...
In commerce, global supply-chain management is defined as the distribution of goods and services throughout a trans-national companies' global network to maximize profit and minimize waste. [1] Essentially, global supply chain -management is the same as supply-chain management, but it focuses on companies and organizations that are trans-national.
Global value chain. A global value chain ( GVC) refers to the full range of activities that economic actors engage in to bring a product to market. [ 1] The global value chain does not only involve production processes, but preproduction (such as design) and postproduction processes (such as marketing and distribution). [ 1]
Sustainable sourcing finds its roots in the concept of Corporate Social Responsibility (CSR), which gained popularity in the United States in the 1970s and internationally in the 1990s. CSR has evolved over time from a philanthropy-based strategy for responding to consumer concerns, to a decision-making process that takes into consideration the ...
The country-of-origin effect (COE), also known as the made-in image and the nationality bias, is a psychological effect describing how consumers' attitudes, perceptions and purchasing decisions are influenced by products' country of origin labeling, which may refer to where: a brand is based, a product is designed or manufactured, or other forms of value-creation aligned to a country.
Creative crowdsourcing involves sourcing people for creative projects such as graphic design, crowdsourcing architecture, product design, [12] apparel design, movies, [164] writing, company naming, [165] illustration, etc. [166] [167] While crowdsourcing competitions have been used for decades in some creative fields such as architecture ...
The most sustainable fibers in fashion are the ones many people already have. Thus, to recirculate existing garments, new business models engage the resale, revival, and recirculation of used, second-hand or vintage clothing. [ 93] Other resale models also contain elements of upcycling and repairs.
Digital marketing is the component of marketing that uses the Internet and online-based digital technologies such as desktop computers, mobile phones, and other digital media and platforms to promote products and services. [2] [3] It has significantly transformed the way brands and businesses utilize technology for marketing since the 1990s and ...