Overview
The political implications of global supply chains are significant as they shape international relations and economic policies. Understanding how trade policies, economic interdependence, and geopolitical risks influence supply chains is crucial for businesses and governments alike. As countries bec...
Key Terms
Example: The supply chain for a smartphone includes raw material suppliers, manufacturers, and retailers.
Example: The U.S. imposed tariffs on steel imports to protect domestic manufacturers.
Example: NAFTA is a trade agreement between the U.S., Canada, and Mexico.
Example: Tensions in the Middle East can impact oil supply chains globally.
Example: China and the U.S. are economically interdependent due to trade.
Example: A company diversifying suppliers to avoid reliance on a single source.