Why do we care about Supply Chain Globalization?

5 Advantages


The first advantage in my opinion is the ability to reach customers old and new not only in the US but around the world. What globalization does is simplify different communication tactics to reach business owners, vendors, and customers. When everything is flowing properly it is easy to create relationships and stay connected with customers around the world.

Second advantage involves the ability to expand different sourcing opportunities. Globalization makes it possible for business's to get diverse and hard working people, along with materials and products around the world. Products are extremely important because we couldn't always reach out or ship things that today might take two days. Amazon prime and the ability for possible drones in the future make it that much more exciting to me.

Next is the availability you have to give your customers a larger variety of goods and services. If globalization is going to increase your sourcing opportunities like it did earlier, then it will commonly increase your range of products and services as well.

You have endless opportunity to grow your business if globalization is going to broaden the amount of customers you have. Then it will also increase what you ideas are. Chances to grow the company, customers, workers, the list goes on.

Finally, you will have more options to source from which means more capital for your business. Great chance to spend more money, and with spending more money you have the opportunity to then earn more money in the future.

These are just my personal top 5 advantages. There are many more ideas out there and people that explain things in different ways, but this is the way I like to explain it personally. Extra Advantages

Flat Supply Chain Diagram for PowerPoint - SlideModelLogistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunrise, logistic import export and transport industry background
                                                                                                       
                                                                                                         



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