The 21st Century Supply Chain
Companies’ supply chains today are both major opportunities and major challenges. With personal wealth increasing in countries such as China and India, the emerging nations offer massive opportunities to increase a company’s reach and grow revenues.
In addition, with a huge talent pool in many disciplines, and earnings considerably lower than the developed countries, they provide the opportunity to innovate faster, lower costs and increase competitiveness.
The corollary to this is that globalisation also allows the rise of new competitors. Companies that once only operated in their own back yard are able to aggressively move into new countries and markets, often with lower cost business models, threatening the traditional customer base of existing firms.
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