How Does Global Production Work? - Module 5

Everything you purchase was produced using materials, goods, and services from all over the globe. But how does this make for a better and more affordable product? ****************************** Here are some timestamps so you can jump ahead to what you need most: 0:00 Start 0:26 Value Creation 4:25 Relationship between quality and costs 7:34 Six-Sigma 11:56 Lean 13:28 ISO-9000 24:53 In-House or Outsource 29:23 Where to produce 34:53 Regional Economic Integration ****************************** Here are some links to other videos in this series: ⏩ Next video in the series:    • How to Evaluate Global Market Opportunitie...   ⏪ Previous video in the series:    • What Is Protectionism? - Module 4   ⏮ First video in the series:    • What is Globalization? - Module 1   🗂️ The series playlist:    • Principles of International Business   ****************************** Check out my other YouTube channels! ❤️ Nutshell Studio Productions:    / @nutshellstudioproductions   ❤️ Lon’s Personal Vlog:    / @nutshellcompound   ❤️ Rattling Around the Garage:    / @rattlingaroundthegarage   ****************************** Let’s connect! 👍 Website: https://nutshellbrainery.com/ 👍 Twitter:   / lonschiffbauer   👍 Instagram:   / lonschiffbauer   💰 Patreon:   / nutshellbrainery   ****************************** 🎓 APA 7 Citation: Schiffbauer, L. W. [Nutshell Brainery]. (2021, April 28). How does global production work? [Video]. YouTube.    • How Does Global Production Work? - Module 5