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How Globalization Impacts Supply Chain Management?

In recent decades, the world has become much smaller than it used to be. The connection via the internet and significant improvements to transportation infrastructures has turned the world into one international trade market. This global market offers businesses reaches new customers in various geographies and has access to a diverse selection of new workers, technology, materials, and products. What is Globalization? The term “ globalization ” refers to the free movement of goods, services, and people across international borders. In regards to supply chain management , globalization refers to the process in which a business operates on an international scale. Pros and Cons of Global Supply Chain Business owners or logistics managers may wonder whether the impact of globalization on your supply chain will be beneficial or will it make it harder for you to operate.  It all depends on the nature of your business and how you manage your supply chain. There are pros and cons to globalizat
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Re-Thinking Supply Chain Architecture

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Digital technology has transformed the historical processes used for supply chain decision-making. At the recent Gartner Supply Chain conference, an analyst pointed out that to remain competitive in the future you have to go beyond enabling a digital supply chain and into a digital ecosystem across your network.     Looking at the success stories of companies like Uber, Airbnb, Alibaba, and Facebook, how are so many other companies still struggling to enable a digital ecosystem within their supply chain networks? This is because their business is designed to be enterprise-centric, rather than network-centric. As we move forward, companies from all industries need to find new leverage beyond the enterprise in order to compete and deliver results. Major groups like McKinsey, Gartner and IDC have recently published reports on the advantages of Global Supply Chain Networks . Unfortunately, most companies find themselves unable to generate these Network-based results because their business
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