Globalization is one the latest reality and it has a global impact on production of food, material or process. Earlier, developing or underdeveloped countries were mainly focused on the manual labor/minimal machines for all sorts of tasks. The time of production, execution was quite high and with globalization; the race for timely production and execution of projects started. With the introduction of quality machines and minimum labor, the cost of production came down and margin of profit goes higher for a manufacturer. As the cost of land, labor and resources was less in developing countries; multinational companies started their production units in different parts of world.
Globalization has brought down the prices of products in the hand of consumer. It has created competition resulting in benefit to user and manufacturers from across the globe got an opportunity to sell their products in different part of world.