* Geo-political Risks: Reviewing geo-political risks is crucial before employing a low-cost country sourcing (LCCS) strategy. This includes assessing the stability of the region, potential for political unrest, changes in trade policies, and other risks that could disrupt supply chains or increase costs.
* Litigation and Arbitration Laws: While important, these are secondary to understanding the overall political and economic stability of the region.
* Access to Basic Infrastructure Needs: This is also vital but can often be managed if the geopolitical situation is stable.
* Unemployment and Crime: These are important but do not weigh as heavily as the broader political risks that can impact supply chain continuity and costs.
References
* Chopra, S. (2019). Supply Chain Management: Strategy, Planning, and Operation. Pearson.
* Christopher, M. (2016). Logistics & Supply Chain Management. Pearson.