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Rethinking offshoring
The price of oil and its impact on freight costs may signal that it’s time to rethink offshoring, write Ajay Goel, Nazgol Moussavi and Vats N. Srivatsan in The McKinsey Quarterly. In some cases, it may cost more to ship a product from overseas than the cost of the product itself, they write.
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A comeback for the greenback
The global economic downturn may be fueling a comeback for the greenback, as the euro hit a seven-month low against the dollar, the British pound fell to its lowest value in two years against the buck and the South Korean won dropped to its weakest mark in four years, according to the Bloomberg news service.
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2008 Big 50
ID’s annual list of the largest industrial distributors is online now.
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