What is the situation in the industry currently? A question that every day becomes increasingly demanding to answer
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Comparing with the way this area of economy has improved during last decade, we are likely to for example discover that more and more mines as well as companies that are responsible for production services in Europe have difficulties with resisting on the international markets. It could be very surprising for a lot of people, as this continent is mostly known to be the best in terms of development.
First and foremost, we should keep in mind that it rather isn’t any greater surprise for people, who discover the situation in the previously analyzed topic for the longer period of time. It is indicated by the fact that owing to opening the borders between countries, as well as rising exchange of data and information the rivalry has increased. That’s the reason why, more and more capital is currently transferred to countries that offer relatively low labor expenses. This is relatively influential in the industry, as thanks to growing requirements of the clients it is inevitable to look for opportunities to minimize the expenses.
Tags: industry, production