Advantages and Disadvantages of Global Sourcing
By
http://www.dragonsourcing.com
What is Global Sourcing ?
Global sourcing is a practice of obtaining goods and services from various locations. In this sourcing the cost of labor is very low.
Also the product cost is very cheap.
Advantages and Disadvantages of Global Sourcing
ď ą Advantages : Economic Efficiency ď ą Disadvantages :
Can Contribute to Exploitative practices Domestic Job Issues .
Economic Efficiency
Global sourcing has been a central force in globalization. Labor production processes are relocated to various countries where labor is relatively cheap. Here production costs is very low.
Can Contribute to Exploitative practices
Transnational corporations are often criticized for the working conditions.
There are many instances of severe human rights and environmental violations. Extremely long working hours of labors arte commonly cited as exploitative practices.
Domestic Job Issues
ď ą Global sourcing is refereed to as outsourcing.
sometimes
ď ą Manufacturing products from other countries makes the domestic labor workless.
Dragon Sourcing Johannesburg 140 High gate, Sunny Road, Lakefield, Benoni, 1500, Gauteng, South Africa Tel:+27 (83) 230-9342 Email: contact.south-africa@dragonsourcing.com