Global supply chains have been the leading model of industrial production since the 1980s, influencing the pace and nature of globalisation and regionalisation. The shift in industrial production from local and regional supply to global supply took place gradually over the last 100 years. Global supply chains can be found in a wide range of simple (textiles and clothing, food processing and consumer goods, etc.) Second, local companies need smart business strategies to join global supply chains. Market-led spillovers from India’s supply chains through outward-foreign investment in labour-intensive manufacturing are a natural transmission channel to Bangladesh and Sri Lanka.

Source: Indian Express September 14, 2023 20:49 UTC