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    Offshore operations fit in traditional industries

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    How do offshore operations fit in traditional industries, such as the steel industry?

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    Offshoring operations involving outsourcing or shifting your operations to the other country or location. It is relevant in the steel industries but the following factors are important:

    Low Cost
    Scalability and Improving supply chain
    High performance to aid productivity
    Flexibility to adapt as the business changes
    Attract and retain global talent
    Ethical responsibility involving no child labour and environment friendly strategy.

    a. Low Cost - By opening factories in different locations can help in producing products in a much cheaper way such as by paying lower wages, less strict government regulations, and taxes.
    b. Scalability and improving the Supply Chain - Companies ...

    Solution Summary

    This discusses the offshore operations which fit in traditional industries.