Overview
The economic geography of global supply chains is a vital area of study that examines how products are created, moved, and consumed worldwide. It highlights the interconnectedness of economies and the importance of efficient logistics and management practices. Understanding this field helps students...
Key Terms
Example: The supply chain for a smartphone includes raw material suppliers, manufacturers, and retailers.
Example: Companies like Apple source components from multiple countries.
Example: Silicon Valley is an economic cluster for technology companies.
Example: Logistics involves managing the flow of goods from suppliers to customers.
Example: The Silk Road was an ancient trade route connecting the East and West.
Example: Using recycled materials in production is a sustainable practice.