6. Global Facility Location Strategies

Global facility location strategies refer to the planning and decision-making processes companies use to choose where to place their production and operations facilities around the world. These strategies consider factors like cost, access to markets, availability of skilled labor, transportation, and local regulations. By selecting optimal locations, companies aim to maximize efficiency, reduce expenses, and meet customer demands effectively. The goal is to leverage geographic advantages to enhance competitiveness and streamline supply chains while also considering risks such as political stability and economic conditions in different regions.