Whisk Logistics, LLC的动态

Transcript

Thank you for joining us today on Supply Chain Trivia. We are really enjoying the inventory management questions, so let's keep the theme going. Which supply chain concept refers to the practice of moving manufacturing and production to distant countries, often to take advantage of lower labor costs. Now let's review your options. Is it vertical integration? Offshoring. Or outsourcing. Please take a moment to lock in your answer. Are you ready? The correct answer is offshoring. Offshoring typically increases the distance between production and the end consumer. While this may seem counterintuitive, it opens doors to significant advantages. First off is the potential for substantial cost savings, particularly in labor intensive industries. By tapping into markets with lower labor costs, companies can dramatically reduce their operational expenses. Also, offshoring provides access to new markets and resources. This global reach can be instrumental in diversifying a company's resource base and expanding its market presence. Thank you for watching Supply Chain Trivia. Please follow Whisk Logistics on our LinkedIn company page and give this post a like Thanks for tuning in and see you next week.