Foreign Safety Standards

In the United States we often take for granted the safety standards and regulations that are in place to protect us. The picture above from May 2007 demonstrates the conditions that window cleaners in Beijing endure. Without a safety net, these men hang from rope as they descend from floor to floor of a very large building (looking very similar to a cat toy). While I will always be a supporter of overseas investment, it is still important to think about the specifics as to why production costs are low in other markets. When investing in overseas production, ensure that reasonable safety standards are met. Be socially responsible to your foreign employees and implement the highest standards possible without sacrificing the benefit of accessing cheaper resources abroad.

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Written by Kelly Kasic, President of GLOBAL ID, LLC.