low-cost country sourcing

Low-cost country sourcing is a strategy where companies choose to manufacture or buy goods from countries where production costs—such as labor, materials, and overhead—are lower. This approach helps businesses reduce expenses and remain competitive by taking advantage of lower wages, favorable economic conditions, or cheaper raw materials in those countries. While it can lead to cost savings, it also requires careful management of quality, supply chain risks, and ethical considerations related to working conditions. Overall, it's a way for companies to optimize costs by leveraging global differences in production expenses.