Global Production Strategy

Global Production Strategy refers to how a company organizes and manages its production processes across different countries to optimize efficiency, reduce costs, and improve quality. This strategy involves deciding where to manufacture products based on factors like labor costs, resource availability, and transportation logistics. Companies aim to create a balanced production network that leverages local advantages while maintaining consistency in quality and branding. Ultimately, the goal is to meet global demand effectively while maximizing profitability and minimizing risks associated with operating in multiple markets.