Here are five advantages of outsourcing to low-cost countries: 1. Low cost production. The primary reason businesses engage in low cost country sourcing (LCCS) in countries like China, Malaysia, Indonesia, etc., is to reduce the production cost. This is possible due to two main reasons: Lower salary expectations in low-cost countries.

Workers are the unhappiest they’ve been in 3 years—and it can cost the global economy $8.8 trillion. Workers are unhappier now than they were at the height of the pandemic. That’s at least ...