Transported in shipping containers carried

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Reference no: EM134034922

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Ninety percent of all goods in the world are transported in shipping containers carried on cargo ships. Moving goods can be a time-consuming process, and the process is not kind to the environment. Container ships are responsible for releasing about 1 billion metric tons of carbon dioxide into the air each year, which is about three percent of all greenhouse gas emissions. For many years, these emissions were just part of the cost of globalization. As part of their commitment to reducing the firm's carbon footprint, GreenWurld-the multinational company headquartered in Europe with operations in Nigeria-has done the analysis and determined that it would be more environmentally responsible to move the production of several components in-house instead of sourcing them from suppliers in China and India. Which concept best describes this procurement strategy? Dual sourcing Insourcing Location decision Domestic outsourcing.

Reference no: EM134034922

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