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Your thoughts on the following discussion: Diversifying supplier sources for any country could become a tough challenge, because there are several obstacles to overcome. A
Your thoughts on the following discussion: Diversifying supplier sources for any country could become a tough challenge, because there are several obstacles to overcome. A couple of the challenges they may encounter are high labor cost, material price fluctuations, energy supply issues, and infrastructure limitations. We are seeing many problems emerge in the Asian supply chain, which is who the U.S. heavily relies on, and it is pushing the United States to look for alternatives. Brazil has become one of the countries to make it to the top of the list as it holds many advantages and a continuously growing economy compared to other countries. Since 2000 we have seen the exports from Brazil grow at an annual rate of 17%, this increase has set the country next to three other countries that are big exporters: China, Russia, and India. According to the article Brazil also ranks 6th in the world in GDP with $250 billion in exports and it's the 24th leading exporter in the world with a trade balance of over $30 billion. Brazil has already become a major supplier of iron ore, pulp mill products, fruit, and vegetable derivatives which has helped them become a leader
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