Tag: Supply Chain
-
Understanding Import and Export Restrictions
Have you ever wondered why countries have so many rules about what goods can come in and out? It’s not all about economics or health. Around the globe, governments carefully regulate trade to keep their people safe, protect the environment, and ensure fair play on the world stage. This article explores the reasons behind these…
-
6 Essential Logistics Competencies For Supply Chain Experts
From its inception thousands of years ago in organized trade, logistics has always been an integral part of commerce. However, it was only in the 1900s that it began to gain academic interest, especially in the context of farm product distribution. Mastering logistics remains challenging due to its intricate nature and influence on society’s living…
-
Global Supply Security And 15 Strategies For Supply Chain Security
Today, the world continues to get more and more interconnected. So much of what people buy is produced in another part of the world. With the increasing globalization of trade and commerce, supply chains have expanded and become intricate. As the supply chain widens its reach, so does its vulnerability to potential threats and disruptions.…
-
Regulatory & Political Conditions – Barriers In Supply Chain
Countries establish specific trade regulations to monitor and control their trade practices. Often, these rules can be swiftly implemented, challenging importers and exporters to adapt promptly. The methods countries employ vary, including the imposition of import quotas, non-tariff barriers, currency controls, trade embargoes, intellectual property rights protections, and other localized mandates. Let’s delve deeper into…
-
What Are The Global Aspects Of Supply Chains? 6 Core Elements
As the world grows increasingly interconnected, the boundaries that once defined local commerce are fading. What was once confined within national borders now spans the globe. It’s no revelation that our supply chain concept has evolved from merely ‘local’ to unmistakably ‘global.’ Trade between nations is at an all-time high, a momentum likely to sustain.…
-
7 Challenges And Solutions Of The Global Supply Chain
Supply chains operate in a more interconnected world than ever, offering companies unprecedented opportunities for expanding their business horizons. But with the global supply chain, there are also a host of challenges that can also occur. These challenges can happen on both sides of the supply chain. Read on as we explore seven of the…