Final answer:
Shorter lead times are an advantage of sourcing globally and domestically.
Step-by-step explanation:
Shorter lead times are an advantage of sourcing globally. When a company sources globally, it can take advantage of different time zones and international transportation networks to reduce the time it takes for products to reach the market. For example, if a company sources components from different countries, it can assemble the final product more quickly by having the components shipped directly to the production facility in one country, avoiding the need for multiple shipments.
On the other hand, sourcing domestically can also offer shorter lead times, especially if the company operates in a country with a well-developed infrastructure and efficient transportation networks. For example, if a company operates in a country with a robust domestic supply chain, it can reduce lead times by sourcing locally and avoiding potential delays associated with international shipping and customs.