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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