STUTTGART -- Over the next few years, Robert Bosch intends to shift more of its purchasing and revenues, currently reliant on European suppliers, to Asia and the Americas.
In 2007, the most recent year for which data is available, 69 percent of the entire Bosch groups purchasing volume came from Europe.
By 2015, Europes share is expected to shrink to about 55 percent.
At that point, we want to source 25 percent in the Asia/Pacific region and about 20 percent in the Americas, a source at Bosch said.
A separate breakout target for the automotive sector was not disclosed.
The change is in line with the suppliers strategic goal of deriving half of its corporate revenue from the Americas and Asia by 2015.
In 2007, 65 percent of Boschs sales were in Europe, 18 percent in the Americas and 17 percent in Asia.
Bosch ranked first on the Automotive News list of the top 100 global suppliers in 2007, with parts sales to automakers of 28.4 billion.
Revenues in 2007 for all Bosch divisions was 46.3 billion. As part of its expansion outside Europe, Bosch is expanding its global compliance oversight.
A new committee at its headquarters, as well as regional contacts, will track compliance with the labor standards of the International Labor Organization as well as Boschs general environmental requirements.