
Supply chain challenges and trends- The influence of globalization and the digital revolution.
Supply chain challenges and trends- The influence of globalization and the digital revolution.
In recent decades the world has become much, much smaller than it used to be. The internet and significant improvements to transportation infrastructures has turned the world into one globalized international trade market. This means that firms from any country can sell their products anywhere in the world by simply putting them on a shipping container on a ship and send them to their destination. This is made possible by a vast infrastructure that allows for the shipment of goods anywhere in the world with relatively little time, effort or cost. Freight-forwarding is the process of basing your shipment on an exact delivery date or location instead of relying on a general delivery date and/or location. This can help you secure a high-quality product, avoid shortages, and increase your bottom line by helping to reduce inventory costs. However, even with these benefits, it's important to understand the potential risks that can come from international freight forwarding. Globalization is changing the ways we do business, but what does it mean for your suppliers and products? In this article, you’ll learn how globalization impacts supply chain management, and how you can insulate your supply chain from the worst of its effects.
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