Globalization in manufacturing

Globalization in manufacturing refers to the process where companies source materials, produce goods, and sell products across multiple countries. This interconnectedness allows businesses to benefit from cheaper labor, advanced technology, and access to diverse markets worldwide. It enables firms to optimize supply chains, reduce costs, and reach more customers efficiently. However, it also involves challenges such as managing complex logistics, adhering to different regulations, and addressing environmental and ethical concerns. Overall, manufacturing globalization creates a more integrated and competitive global economy, shaping how products are made and distributed worldwide.