firms are competing worldwide in an increasingly global economy. How does China sourcing fit into a company’s business strategy?
William Sinn: “China is a strategic partner for these reasons: • Helps companies remain competitive in a world market • Improves production capacity • Foreign workers’ skill complements Americans • Cost savings from cheaper labor • Cost savings from cheaper components and parts It’s a big world. In a global market companies must locate production where it is most cost-effective. With its enormous labor pool, it’s an almost limitless resource. Outsourcing is here to stay. As a newly awakening consumer society, China is a major marketing destination.
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