What is the impact of globalization on supply chains?

What is the impact of globalization on supply chains?

Globalization has significantly transformed supply chains by increasing efficiency, reducing costs, and expanding market access.

Can you give examples of how companies have adapted their supply chains due to globalization?

Sure! Companies like Apple and Nike have outsourced production to countries with lower labor costs, optimizing their supply chains.

What are some challenges that globalization poses to supply chains?

Challenges include supply chain disruptions, increased competition, and the complexity of managing international logistics.

How does globalization affect local economies?

Globalization can boost local economies by creating jobs but may also lead to job losses in certain sectors due to outsourcing.

What trends are emerging in supply chain management due to globalization?

Emerging trends include digitalization, sustainability practices, and a focus on resilience to withstand global disruptions.