date:May 20, 2016
mize products and manufacturing processes to conform to local regulation, which adds costs. Companies located in geographies with lower labor and manufacturing expenses such as China and India can absorb the additional costs. They are able to offer products at competitive prices.
Parallels exist with the pharmaceutical industry; generics produced in India and elsewhere are successfully taking market share away from Big Pharma companies from across the globe, including U.S. companies. The generi