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In your view, which is more strategically advantageous for a global company: multiple location facilities for geographical reach and risk diversification, or a single location

In your view, which is more strategically advantageous for a global company:  multiple location facilities for geographical reach and risk diversification, 

or a single location facility for cost efficiency and centralized operations? 

Can you provide examples of companies or industries where one approach has proven particularly effective, and explain the reasoning behind that choice?

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