The number of companies that trade and source agricultural goods worldwide will be ever-growing in 2024. Smartlink Sales decided to review one of the most discussed aspects in which people of business are interested. Some statistics show that local sourcing for agricultural projects is better than international ones. We are going to take a closer look at the pros and cons of this approach.
It is worth noting that agricultural goods like food, beverages, and other products with limited expiration dates or shelf life must be sold timely with zero spoiling of raw ingredients and damage to cargo. That is why the first reason to source and trade this category of items locally is to minimize risks and losses. Other pros and cons will be reviewed below.
Pros of Local Sourcing in the Context of Agricultural Goods in 2024
If you source agricultural goods locally, you are able to find the best-matching price tags that meet your budgets. Local suppliers will provide you with more discounts and favorable conditions for cooperation. No language barrier takes place. But the Smartlink Sales team recommends practicing the hybrid approach when it comes to sourcing and trading agricultural final products and raw materials:
- Source ingredients locally to negotiate with local suppliers to find the lowest costs and save money on transportation, dispatching, warehousing, etc.
- Prepare your final product for selling globally. For this purpose, you need to use analytics, market research, and analysis of competitors in the niche.
- Promote your agricultural products worldwide, use various channels, and increase profits while trading internationally.
It is worth noting that local sourcing and international trading can become a happy blend for your business. But do not forget about the necessity of rational procurement tactics. Agricultural goods should be realized without delays to decrease the risk of damages and expired shelf life of raw products.
Tips for Efficient Agricultural Procurement Process
Remember that local sourcing & trading has a negative aspect of low-cost realization of catalog items. That is why pay your attention to the international scenario of running business. Smartlink Sales is ready to become your reliable assistant to solve all the questions and prevent challenging situations at the very beginning.
It goes without saying that modern technologies are recommended to exclude risks and losses. For efficient procurement, people in agricultural business can use machine learning, AI-led solutions, analytical tools. All these tech approaches will be helpful for identification of crop health, harvest statistics, and other changes or alterations.
If you are interested in risk-free tendering experience, profitable international trading of agricultural goods, and competent consulting, contact the professional Smartlink Sales team. Our experts will answer all your questions and provide the most favorable solutions for your cases. Follow us on social media and read blog posts for hot-topic tips and hacks.
