Dicuss why globalisation is now a common factor in todays business?

Globalization has become a common factor in today's business due to advancements in technology, communication, and transportation, which have effectively reduced barriers to trade and made it easier for companies to operate internationally. Businesses can access broader markets, diversify their supply chains, and tap into global talent pools, enhancing competitiveness and innovation. Additionally, consumers increasingly seek products and services from around the world, prompting companies to adapt and cater to diverse preferences. This interconnectedness fosters collaboration and knowledge sharing, driving economic growth on a global scale.