global plant strategy

Global plant strategy is a plan companies develop to decide where to build and operate manufacturing facilities worldwide. It balances factors like cost, access to markets, supply chain efficiency, quality, and local regulations. The goal is to optimize production by choosing locations that minimize costs and risks while maximizing customer satisfaction and responsiveness. This strategic approach helps companies stay competitive, adapt to changing economic conditions, and meet global demand effectively. Overall, it aligns manufacturing activities with the company's broader business goals across different countries and regions.