New York Times (June 27)
2013/ 06/ 28 by jd in Global News
The outsourcing model is broken. “Most American and European brands and retailers use a rotating cast of hundreds of third-world suppliers, instead of establishing long-term relationships with fewer of them.” The result is a race to the bottom and horrid catastrophes like the building collapse in Bangladesh which killed more than 1,100 people. Things must change. Retailers should “contract with fewer factories and establish long-term relationships with them. If they did so, they would have to monitor fewer factories and would have greater influence over suppliers to demand upgrades and changes.”
Tags: Bangladesh, Brands, Collapse, Europe, Factories, Long-term relationships, Outsourcing, Retailers, Suppliers, Third world, U.S.
