SUPPLY CHAINS
Why is a supply chain different? And how it’s changing
The simple answer to the question about why a supply chain is different, is that it involves many moving parts, whether the chain is in one country or globally. Sub-outsourcing is the same. Understanding multi-tier supply chains is challenging. In some ways, transparency is hard (or at times impossible) to achieve.
And the world has changed. International trade has boomed thanks to tariff cuts, cheaper communication and lower-cost transport, particularly since 1990. Seventy percent of global trade now involves value chains. Just-in-time or lean inventory management means chains are shorter, faster and smarter.
However, after a decade or more of regulatory harmonisation, the ...
Get Mastering Risk Management now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
