Remote Sourcing
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Is there any substitute for being there when it comes to finding and qualifying new sources for global supply chains? PIERS trade data supplies an alternative.
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At its height in May 2003, the SARS threat was to blame for the cancellation of an estimated 20% of Asia-North America and Asia-Europe passenger flights, and 50% of intra-Asia flights, as The Journal of Commerce reported.
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Heightened risks of meeting with disaster (not to mention the mundane need to trim T&E budgets) can keep businesspeople grounded ... and looking for ways to deal with each other at an often-considerable distance.
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Email, fax, and phone work up to a point. But what is the substitute for being there when it comes to finding new sources for global supply chains?
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PIERS Overseas Supplier Profiles.
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PIERS West Coast representative Joe Davis reported a coincident surge in requests for supplier data from manufacturers and importers of furniture, auto parts, and appliances that rely on Asian supply lines disrupted by SARS. "Our information is very timely and very detailed, down to contact names and addresses in some cases," he says. "Sales volumes, market reach, product descriptions, other companies they are supplying to - all the critical business information needed to identify and qualify potential suppliers can be drawn from the PIERS database."
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