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Advantages and Disadvantages of Global Sourcing
By http://www.dragonsourcing.com
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.
Advantages and Disadvantages of Global Sourcing
 Advantages :
Economic Efficiency
 Disadvantages :
Can Contribute to Exploitative practices
Domestic Job Issues .
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.
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.
Domestic Job Issues
 Global sourcing is sometimes
refereed to as outsourcing.
 Manufacturing products from other
countries makes the domestic labor
workless.
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
 Global Sourcing Advantages and Disadvantages

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Global Sourcing Advantages and Disadvantages

  • 1. Advantages and Disadvantages of Global Sourcing By http://www.dragonsourcing.com
  • 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