ncreasingly, according to Oxfam, today's globalized economy is characterized by powerful corporations at the top of the product supply chain. "These massive, highly consolidated and vertically-integrated corporations are able to extract value from the supply chain by squeezing costs and offloading responsibility onto those below them--their shippers and suppliers."
Suppliers, in turn, try to extract greater value from producers, while producers--with very few variable costs they can cut--"squeeze their labor force," resulting in declining wages and deteriorating work and living conditions