The impact of globalization on manufacturing cannot be understated from "summary" of The Things We Make by Bill Hammack
Globalization has transformed the world of manufacturing in ways that were previously unimaginable. The interconnectedness of economies and markets across the globe has revolutionized the way products are made, distributed, and consumed. This transformation has been driven by advancements in technology, transportation, and communication, which have made it easier for companies to operate on a global scale. One of the most significant impacts of globalization on manufacturing is the outsourcing of production to countries with lower labor costs. This has led to the relocation of factories and jobs from developed countries to developing nations, where wages are lower and regulations are less stringent. While this has resulted in cost savings for companies, it has also raised concerns about job loss ...
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