Opinion Essay about Globalization (GLS101) Example | Topics and Well Written Essays - 500 words

Opinion about Globalization (GLS101) - Essay ExampleWhereas Foxconn had been contracted by Apple as wholeness of the key manu positionuring hubs in China, Foxconn has reshaped its business model in the wake of globalisation (Yang, 2013). Indeed, Foxconns thinking about moving beyond Apple is a continent example of how globalization is taking place in the current world.Globalization has seen China become a darling for most large manufacturers particularly receivable to the availability of cheap labour and technological advancement. It therefore does not come by surprise that Apple, an American owned company, decided to outsource its production service to Foxconn. However, globalization has caused world-shattering changes in consumer demands leading to mushrooming of other companies seeking to cash in on emerging market niches. For instance, Apple continually became less significant to Foxconn because of the lost grip on the phone market due to globalization. Considering Apple was responsible for almost half of Foxconns revenue (Yang, 2013), any shakeup on Apple would have direct ripple effect on Foxconn as a company.Globalization especially in the technology industry has caused unprecedented changes in the way modern businesses operate. For instance, large multinational companies have tuned their supply chain management by outsourcing services and production to other countries. However, the same concept of globalization has empowered production supporting industry players such as Foxconn to think about having their own tailor made products. This could spell doom for companies such as Apple. For example, despite Apple putting its production hopes on Foxconn, Foxconn is on the other hand investing heavily on brand makers such as groovys LCD panel factory (Yang, 2013). This is in a bid to solidify its sustainability in a world where globalization is changing operational challenges with time.The fact that a company such as Foxconn could be pushed by globalizat ion to change from a production outsourcing