2. International Manufacturing and Assembly

International Manufacturing and Assembly refers to the process of producing goods in one country and assembling them, or parts of them, in another country. Companies do this to take advantage of lower labor costs, access to raw materials, or favorable trade agreements. This global approach helps businesses reduce costs, increase efficiency, and reach wider markets. For example, a tech company might design its product in the U.S., manufacture components in China, and assemble the final product in Mexico before selling it worldwide. This strategy is essential for enhancing competitiveness and meeting global demand.