globalproduction
nounUK /ˌɡləʊbl prəˈdʌkʃn/
US /ˌɡloʊbl prəˈdʌkʃn/
Global production means making things in many countries around the world.
The toy company uses global production, with parts made in China, assembled in Mexico, and sold in Europe.
OTHER MEANINGS
2. The total amount of goods and services produced by all countries combined.
Economists measured global production to compare growth across nations.
3. A company's system of making goods in factories located in different countries.
Their global production network lets them respond quickly to demand in each region.
4. The worldwide process of creating a film, show, or media project with teams in multiple countries.
The movie's global production involved crews in five different countries.