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About Trends in SCM
A global supply chain is a worldwide network for sourcing and supplying goods and services that spans multiple countries and continents. It involves the flow of information, processes, and resources internationally. The key benefits of a global supply chain are lower costs due to cheaper labor in other countries, increased competition from new suppliers, and risk mitigation through a more geographically diverse network. However, global supply chains also involve longer lead times, greater communication challenges, and increased risk from factors like currency fluctuations. Whether a global supply chain makes sense depends on carefully weighing these advantages and disadvantages for each individual organization.
Detailed Information
| Author: | ['Mahek Goyal'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 5 |
| Language: | English |
| Format: | |
| Price: | FREE |
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