Globalization – Not necessarily just cheap labor

Globalization – Not necessarily just cheap labor

In today’s Wall Street Journal, there is an article about the new version of the Amazon Kindle. This very popular e-book product incorporates a unique display technology which is supplied by a company based in Taiwan. In this case, global sourcing was necessary to obtain the technology and volume manufacturing capacity for a very critical component of this e-book product.

Take away thought: BRIC … Brazil, Russia, India, China have been identified as the rapidly emerging economies. Each has developed technical expertise in specific disciplines which are competitive in the global market … for example, the USA will probably have to depend upon Russia to deliver our astronauts to the International Space Station for the near future, India has developed a reputation for providing IT support personnel, … The global market is more than lower labor costs, engineering design and development resources may have a more significant long term impact … develop relationships that can be expanded to incorporate these higher level value added capabilities.

Tim C