Why global supply chain is "at a tipping point"

11/24/2013 | DNA (India)

Businesses' view of global supply chains may be changing as the wage gap between India and developed countries is shrinking, said Morris Cohen from The Wharton School, University of Pennsylvania. "[T]his is causing countries to rethink decisions concerning supply chain," he said. "Global supply chain is at a tipping point because of the danger that once you outsource a process or manufacturing activity entirely, you lose the ability to develop or innovate the next generation of that product. Companies and countries must recognise this," Cohen said.

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