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