ANALYSIS OF INDUSTRIAL RELOCATION IN ROMANIAN COMPANIES
DOI:
https://doi.org/10.56177/11icmie2023.50Keywords:
sustainability, industrial relocation, cost optimization, manufacturing, offshoringAbstract
The phenomenon of industrial relocations has gained momentum in the last 30 years and is more difficult to be. Through this work, we wanted to analyze the phenomenon of industrial relocation in Romania. This paper analyzes the phenomenon in detail, identifying the main reasons that determine the relocation decision. The benefits and disadvantages in the case of relocating the activity from Romania to another country were discovered and analyzed. The decision to relocate production abroad is a multifaceted process driven by various key factors, each influencing the choice of Romanian companies. The primary factors that businesses take into account while relocating are closely tied to the total cost. Transport expenses, chances to expand the clientele, and availability of skilled workers were all brought up multiple times in this paper. The research method was qualitative, through interviews with decision-makers from the companies participating in the study. The main analyzed industries have industrial production activity in Romania. Through interviews with industry experts, this study reveals the critical determinants and their corresponding outcomes in the field of industrial relocation.
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