Risks associated with international sourcing and recommendations
The report should be about five pages long, using APA formatting (seventh edition) and a minimum of four references. Include a plan for mitigating the risks associated with international sourcing and recommendations for establishing a positive, effective relationship with the supplier. Please include a barriers-and-aids chart, along with a Strengths-Weaknesses-Opportunities-Threats (SWOT) analysis. Also, include different types of legal and financial considerations that affect the decision of whether to source products and collaborate with other companies across national borders. You’ll need to investigate currency exchange, Thai laws regarding commerce, and US import procedures to inform your final deliverable. Do not overlook that global sourcing includes business risks that may interrupt supply chain performance. Risk management and cost reduction considerations must be balanced in the final report.