Impact of Globalization on Supply Chain
Recently, I had written a post titled “How Globalization Changes Supply Chain Management?” about how supply chain management had been affected by globalization. Today’s post has some relevance to the older one. The business landscape is rapidly becoming more global. The improvements in communications, globalization has a direct impact on the business management and transaction. There is no such area of a business that is unaffected by the trend to a global business environment and the supply chain.
Manufacturing, distribution, sourcing of materials and invoicing have been significantly impacted by the increased integration of a global customer and supplier base. Many companies find that existing processes and technology are not flexible enough for this new business environment.
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