I realize the economy is not good and possibly really bad. It's clear that this is making people stop all decision making until "things improve". So, does that mean now is a good or bad time to consider cost reductions from global sourcing. Here are the reasons now is a great time:
1. When things are bad is exactly when cost reduction is important. Our efforts are focused on selling the benefit of cost reduction to potential customers.
2. Commodity prices have fallen rapidly. As prices on oil, steel, and other commodities have fallen we are starting to see manufacturing prices fall now as well.
3. Chinese factories are clamoring for more business. Demand is down so new projects will get all kinds of attention.
4. Chinese New Year is almost upon us. Starting new projects coming out of CNY is excellent timing.
5. Any stigma of global outsourcing is quickly receding. The global economic problems are making it clear that this really is a global economy so protectionist measures just don't make sense on the import or export sides.
It appears from recent OPSA lead generation efforts that there are lots of companies thinking the same way.
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