Overview
Global Supply Chain Economics is a vital field that examines how products move from producers to consumers across the globe. It involves understanding the intricate networks that connect various stakeholders, including suppliers, manufacturers, and retailers. By analyzing economic factors, businesse...
Key Terms
Example: The supply chain for a smartphone includes raw material suppliers, manufacturers, and retailers.
Example: Logistics involves transportation, warehousing, and inventory management.
Example: Tariffs are a common form of trade policy that can affect supply chain costs.
Example: Cost analysis helps determine the most cost-effective supply chain strategy.
Example: Accurate demand forecasting helps businesses manage inventory levels.
Example: E-commerce platforms rely heavily on efficient supply chains for timely delivery.