Thursday, December 28, 2006

European CEOs rank top headaches

Top Consultants: In an age of increasing globalisation, significant sourcing of products and services from remote low cost countries is conducted by over half of European companies, according to leading international procurement consultancy Efficio. Over half (53%) of the European companies surveyed by Efficio say they spend up to a fifth (20%) of their total spend with low cost countries - more than double since 2000 (22%). 12% spend up to 40% of their total spend with countries such as Eastern Europe, South America, India, the Far East and China, whilst 8% earmark more than 40% of their total expenditure. Read Full Article