Issues faced by manufacturing industry due to globalisation
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Globalization effects manufacturing industries in many aspects like it tends to increase costs, impact on the sales, environmental issues, demand for goods, trade etc
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Issues faced by manufacturing industry due to globalisation are :
• Globalisation has involved rapid movement of capital technology and managerial skill which creates a great pressure for structural adjustment in the industries.
• Downtrend in the international economic activity has caused greater damage to the globalised manufacturing industries.
• Manufacturing industries has to suffer high domestic cost , limited resource and development and marketing research, lack of experience in managing business abroad and other are the major constraints on the globalisation.
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