Thursday, 22 May 2014

What are the Key Characteristics that a Global Supply Chain must recognise in a Global Business Environment?

Borderless – Borders no longer cause physical boundaries when it comes to sourcing, delivering, marketing and manufacturing thanks to the globalised supply chain.

Cyber-connected – the business environment is more connected these days thanks to cyber connections.

Deregulated – fair completion and level playing fields have been created thanks to economic and free trade zones that can be found all over the world. The deregulation has simplified the process boosting global economic growth.

Environmental Concerns – being more environmentally conscious has resulted in a move towards sustainable business strategies and this is now an important part of the global supply chain.

Social Responsibility – Being aware of the social environmental impact is part of a business’s responsibility. Social pressures need to be taken to the heart of the company in all areas including purchasing and the supply chain.

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