Sourcing from China is expected to occur in three waves. 1. China for low cost, 2.China participating in innovation, 3. China as global center for procurement.In, Boston Consulting’s Jim Hemerling says China is emerging as a global Research and Development and innovation hub in its own right. Sourcing execs take note

For some companies, global competitiveness will depend on their willingness and ability to anticipate and shape the coming changes. This may involve rethinking sourcing strategies, devoting far more resources to recruiting and grooming sourcing executives, and reorganizing and even relocating procurement organizations. read more