Over the years business has become more global. In the beginning, companies experimented on a global level with functions that require less infrastructure and/or local presence investment upfront (e.g. Sales). They have since migrated to “Sourcing” their products & services from low cost countries in Asia. The future belongs to companies that can “Operate” seamlessly at a global level.

Erstwhile closed economies have opened up to foreign trade and businesses in a big way (China, India). Information Technology developments & state of the art communication (internet, phone, video) has also broken down geographical boundaries.