Global firms revolutionize sourcing strategies, boosting productivity and innovation worldwide.
The article discusses how companies can import materials from other countries in different ways, not just through outsourcing. They created a model that shows how companies decide to work with foreign suppliers based on how well the suppliers can use the company's knowledge. The study found that companies may have different relationships with suppliers depending on how productive they are, and this is supported by real-world examples of companies using a mix of sourcing methods.