Local sourcing is one of the key pathways through which private sector activity contributes to a country’s development. By buying goods and services locally, companies support incomes and jobs at local suppliers. However, companies it is advisable that companies should source only part of their goods and services locally.
Keeping the supply chain as close as possible delivers the following to our clients :
- More Flexibility
One never knows when an opportunity will strike or a challenge will arise. Our Buyers prefer knowing what the growth pattern is for the product they are sourcing before they actually choose a partner — and our ability to scale is key. Sourcing contribute to supply chain resilience because local suppliers are typically more reactive than suppliers who are farther away. Goods and Services can be delivered quicker, and it is much easier for us at times to coordinate a shipment across the neighborhood than around the world.
- Greater Control
The further away you are from elements of your supply chain, the less control you have over them. We may say that we treat all of our customers and purchase orders the same, however, urgent orders are prioritized.
- More Revenue
Local sourcing doesn’t just help save money; it can also help you generate more of it. That’s because companies in your region may be impressed by your efforts to keep a tight and fast-paced supply chain, which can help you attract new customers.
Our team integrate your commitment to local sourcing into your marketing and selling efforts.
- Good For The Community
It stands to reason that if sourcing locally increases your bottom line, it would do the same for other suppliers and manufacturers in your area, which can be a big boon to your local economy and the people who live there.
Happy, well-paid employees are more likely to invest in local businesses. Additionally, respected and well-off businesses are in a position to contribute to communities through fundraising, volunteering, benefits, and sponsored activities.
- It Helps The Environment
Localizing your supply chain represents a tremendous opportunity to help the environment. When you reduce shipping and storage, you also reduce emissions and energy usage. Sourcing locally not only contributes to green manufacturing, but ultimately helps you build consumer confidence. When consumers buy with confidence, the business benefits from increasing positive brand awareness and customer loyalty.
- Today, more consumers than ever before (especially millennials) have been driving the food and beverage industryby purchasing items that have “clean labels” and explain the origin of their products. It’s important that food and beverage companies that are manufacturing products more sustainably are using marketing to effectively showcase those efforts and provide a direct-to-consumer experience online with intermediaries like Global Procurement Services.
- Ability To Launch Products Faster
Manufacturers, Wholesellers and Retaillers who source locally benefit from working with companies in the same time zone, which leads to easier and speedy communication. You can resolve problems faster and launch products to meet consumer demands and spikes.
Consumer demands are reaching new highs for businesses to increase their transparency around ethical supply chain and corporate social responsibility. Now is the time for manufacturers to closely examine their third-party vendor risks and supply chain. This is where an ethical and responsible procurement and supply mindset comes into usefulness.
- Imports and Exports
An import is a good or service brought into one country from another country as well as export; which is the process of taking product from one country to another country. The backbone of international trade is specially formed around the term import and export; because the act of international exchange of goods is a significant part of international trading. It is very necessary to balance the value of trading between importation and the amount of product leaving the country so that the host country will have a positive trade balance; else there will be negative balance of trade; which is a critical factor of economy growth and development.
We are therefore involved in two basic categories of import/export:
- Industrial and consumer goods
We carry out the importation and exportation of industrial goods mainly made up of machinery, manufacturing plants and materials, and any other good or component used by other industries or firms. Our consumer goods are ready for the consumption and satisfaction of human wants, such as clothing or food.
- Intermediate goods and services
We are also involve in the importation and exportation of intermediate goods such as partly finished goods, goods used as inputs in the production of other goods including final goods.
Our Import Export activities deliver the following benefits to our clients:
If your business wants to extend profit margins, importing goods or raw materials is one potential path towards achieving this goal as well as lower prices, higher quality goods, and the advantages associated with international trade agreements. Importation can help small and medium businesses develop and expand by reaching larger markets abroad, thereby increasing their market values. Importation of products that are not available in the local market to enable domestic surplus and encourage good economy growth.
Achieve your business goals by exporting products through our global supply networks. Exporting products can be highly beneficial for businesses today as it can increase the profits of medium and large businesses by helping to satisfy the need in the external countries. This returns foreign exchange opportunities and more.
Moreover, we assist other importers and exporters based on the related countries in the establishment of the following import/export documents:
- Commercial Invoice,
- Export Packing List.
- Pro Forma Invoice.
- Airway Bill.
- Generic Certificate of Origin.
- Dangerous Goods Certificate.
- Insurance Certificate.
- Shipper’s Letter of Instruction.