Assignment task:
Globalization has seen an increase since the 1980s, but some companies are now pursuing a new strategy of "Onshoring" production. Discuss the costs and benefits for a US manufacturer choosing to outsource production to a Low-Cost Country (LCC) for the people, companies, and governments involved (both in the US and LCC).
Please use the format as below framework:
Benefit for US Manufacturer:
- People:
- Companies:
- Goverments:
Cost for US Manufacturer:
- People:
- Companies:
- Goverments:
Benefit for LCC:
- People:
- Companies:
- Goverments:
Cost for LCC:
- People:
- Companies:
- Goverments: