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Global sourcing can incur more costs than domestic sourcing due to many factors. However, companies can mitigate these costs by carefully evaluating their sourcing strategies,
Global sourcing can incur more costs than domestic sourcing due to many factors. However, companies can mitigate these costs by carefully evaluating their sourcing strategies, managing their supply chain effectively, and working with trusted partners and suppliers. All of the following are elements of total cost for worldwide sourcing except
customs brokers fees
domestic income taxes
increased transportation cost
increased inventory carrying costs due to longer lead times
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