Overview
Global supply chains are essential for modern economies, connecting producers and consumers across the globe. They enable businesses to source materials and sell products internationally, driving economic growth and creating jobs. Understanding the components of supply chains, such as logistics and ...
Key Terms
Example: The supply chain for a smartphone includes raw material suppliers, manufacturers, and retailers.
Example: Companies like Apple source components from various countries to assemble their products.
Example: Logistics companies manage the shipping of goods from manufacturers to retailers.
Example: NAFTA is a trade agreement between the U.S., Canada, and Mexico.
Example: Amazon is a leading e-commerce platform that relies on global supply chains.
Example: The economic impact of a new trade agreement can lead to increased exports.