Optimized Supply Chain processes -Tobi Abimbola

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Description

Without Supply Chain, it is near impossible to achieve globalization. Improvements in Supply Chain processes have help manufacturers and industries expand, increasing profit by enabling access to low cost raw material and supply of finished products to global markets. As the world becomes increasingly smaller, Supply Chain is the connecting force bringing the world closer together, promoting industrial growth. enabling industrialization and facilitating globalization.

Enablers

Increased global demand and population Improved global spending power Advancements in technologies Optimized transportation E-Commerce

Inhibitors

War and Conflicts Global pandemic

Paradigm

The world is seen to be more connected and smaller due to efficient supply chain networks

Experts: https://online.maryville.edu/blog/global-supply-chain-management/

Timing

Web Resources

https://decisionsciences.org/wp-content/uploads/2019/06/p584246.pdf