Almost all companies have been affected by globalization in recent decades. The main changes for businesses have concerned technology, competition and information exchange. In order for suppliers to keep pace with the economy, they must understand the advantages and disadvantages of globalization and how it works. The three main benefits of technology are improved product or service quality and saving time and money. In order for companies to increase sales and be able to maintain a high quality of goods and services, they must compete with other companies by having the latest technology at the best prices. To achieve this, most of the time companies decide to outsource their production which allows them to use cheaper materials and labor. As companies outsource their production, the technology also saves money, for example by avoiding travel expenses. Furthermore, the use of an office could also be avoided, because workers could telework from home. This can also reduce the time a task can be completed by vid...