Best Buy Co., Inc. announced the opening of its first global sourcing office. The new office, located in Shanghai, China, over time is expected to help the company increase its efficiency by reducing costs and decreasing the time it takes for products to get from manufacturers into the hands of consumers. Additionally, the office provides a direct line for Best Buy to relay to manufacturers its customers’ feedback on new and existing products, said the company.
“The company chose Shanghai for its accessibility to China's industry-leading manufacturers, talented employee base, and great commercial structure,” said Marc Gordon, executive vice president-supply chain and CIO for Best Buy.
Weimin Lu, vice president of Best Buy Asia, oversees the day-to-day operations of the 25-person Shanghai office. The majority of employees in the office are Shanghai-area residents.
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