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Singapore firms urged to go for quality growth amid manpower constraints

Foreign Affairs and Law Minister K Shanmugam has urged Singapore businesses to go for quality growth to tackle the challenge of growing manpower constraints.

Speaking at the Deloitte’s Global Tax Conference on Wednesday, he said it is not viable for Singapore to keep increasing manpower at the same rate as in recent years. 275 more words

Business

How Global Sourcing can Create Higher Profits for YOUR Business!

To remain competitive in an increasingly globalised world, many manufacturers are looking at ways to enhance capability, while reducing cost. A procurement strategy is now becoming a vital part of many companies successful business model, in order to seek the most cost efficient location for products, parts or components. 122 more words

GLOBAL

Thailand cuts interest rate due to protests

Thailand reduced its official interest rate to the lowest level in three years on Wednesday to boost the economy in the face of a protracted political crisis. 357 more words

Business

South Korea, Canada wrap up free-trade deal

South Korea and Canada concluded a free-trade agreement Tuesday, wrapping up a negotiating process that began nine years ago and focused on barriers in the auto and agriculture sectors. 256 more words

Business

Pakistani fashion retailers eye e-commerce to woo Indian markets

Pakistan might not yet have granted India the long-promised most favoured nation (MFN) status but that hasn’t dampened the enthusiasm of fashion-retail chains here who view e-commerce as a means of fostering cross-border business and penetrating new global markets. 636 more words

Business

aPriori: Company focused on global solutions

Apriori’s New Technology

Strategic Sourcing:

Apriori, a software development enterprise focused on supply chain, just released a new version of their software that enable users to better predict product costs in complex global manufacturing environments and supply chains. 118 more words

Global Sourcing

Next Shoring: are low labor costs sustainable?

Next_shoring_A_CEOs_guide

Strategic Sourcing:

It seems that people in manufacturing are finally waking up to the idea that low labor advantages are not sustainable. The new buzzword “next shoring” is when companies decides to outsource at a location based on proximity to customer and a growing market, as opposed to strictly low labor rates. 103 more words

Global Sourcing