2. What is Global Sourcing ?
Global sourcing is a practice of
obtaining goods and services from
various locations.
In this sourcing the cost of labor is
very low.
Also the product cost is very cheap.
3. Advantages and Disadvantages of Global Sourcing
Advantages :
Economic Efficiency
Disadvantages :
Can Contribute to Exploitative practices
Domestic Job Issues .
4. Economic Efficiency
Global sourcing has been a central force in
globalization.
Labor production processes are relocated
to various countries where labor is relatively
cheap.
Here production costs is very low.
5. Can Contribute to Exploitative practices
Transnational corporations are often
criticized for the working conditions.
There are many instances of severe human
rights and environmental violations.
Extremely long working hours of labors
arte commonly cited as exploitative
practices.
6. Domestic Job Issues
Global sourcing is sometimes
refereed to as outsourcing.
Manufacturing products from other
countries makes the domestic labor
workless.
7. Dragon Sourcing Johannesburg
140 High gate, Sunny Road, Lakefield, Benoni, 1500, Gauteng, South
Africa
Tel:+27 (83) 230-9342
Email: contact.south-africa@dragonsourcing.com