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Competing in a Flat World: Building Enterprises for a Borderless World by Yoram Wind, William K. Fung, Victor K. Fung

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11. Policy: Building a Borderless Business in a World of Nation-States

The modern supply chain is a high-performance machine that can move with efficiency and precision that are unprecedented. But the regulations that govern this world create mountain ranges that slow the progress of supply chain improvements, or localized tunnels and superhighways that benefit certain regions. How does policy need to change in the flat world? What do business leaders need to know about policy to navigate this lumpy and shifting terrain?

Li & Fung once was sourcing jackets from a factory in an emerging market during a period of severe economic crisis and starvation. The company had arranged payment through a bank letter of credit for the factory. Then managers ...

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