January 2023
Intermediate to advanced
250 pages
11h 7m
English
Content preview from Logistics and Supply Chain Management, 6th Edition
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The globalisation of supply chains
Until recently the growth in world trade has tended to outstrip growth in global gross domestic product (GDP). In part this trend was driven by expanding demand in new markets, but also the liberalisation of international trade through World Trade Organization (WTO) accords has had a significant effect. A further factor driving globalisation in many industries was the massive growth in container shipping, which led to a significant reduction in the real costs of transport.
Once companies established factories in overseas countries to manufacture products to meet local demand, but with the reduction of trade barriers and the development of a global transportation infrastructure, fewer factories could produce ...
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