Low-cost country sourcing

Low-cost country sourcing is when a company looks for supplies from countries where the products or services cost less than in the country where the company is located. Companies often do this because it is a way to reduce their total costs and help make their products or services more affordable for customers. For example, if a company in the United States needed to buy materials for their products, they might look for suppliers from countries like India or China because the materials are cheaper there than they would be in the United States. This is low-cost country sourcing.