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Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service. These efficiencies include low cost skilled labor, low cost raw material, extreme international competition, new technology ...
In low-cost-country sourcing the material ( products) flows from LCC to HCC while the technology flows from HCC to LCC. The primary principle behind LCCS is to obtain sourcing efficiencies through identifying and exploiting opportunities of price reduction between geographies. Aside from price other reasons for engaging in global sourcing can ...
Friendshoring. Friendshoring or allyshoring meaning the act of manufacturing and sourcing from countries that are geopolitics allies which makes it a synonym for trade bloc. Some companies and governments pursue friendshoring as a way to continue accessing international markets and supply chains while reducing certain geopolitical risks.
China Plus One, also known simply as Plus One or C+1, is the business strategy to avoid investing only in China and diversify business into other countries, or to channel investments into manufacturing in other promising developing economies such as India, [ 1][ 2][ 3] Thailand, [ 4] Turkey [ 5] or Vietnam. [ 6]
Crowdsourcing involves a large group of dispersed participants contributing or producing goods or services —including ideas, votes, micro-tasks, and finances—for payment or as volunteers. Contemporary crowdsourcing often involves digital platforms to attract and divide work between participants to achieve a cumulative result.
Food safety in China is a widespread concern for the country's agricultural industry and consumers. China's principal crops are rice, corn, wheat, soybeans, and cotton in addition to apples and other fruits and vegetables. [ 1][ 2] China's principal livestock products include pork, beef, dairy, and eggs. [ 1]
A China-based company, Lenovo, outsourced/reshored manufacturing of some time-critical customized PCs to the U.S. since "If it made them in China they would spend six weeks on a ship." [ 97 ] Article 44 of Japan's Employment Security Act implicitly bans the domestic/foreign workers supplied by unauthorized companies regardless of their ...
Dumping, in economics, is a form of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price below the normal price with an injuring effect. The objective of dumping is to increase market share in a foreign market by driving out competition and thereby ...