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…
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.…
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.…
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…
AI or Artificial Intelligence has taken over the world. Many people feel like AI will change the world in many ways, and one place it will change things is through the global supply chain. AI or Artificial Intelligence will change the global supply chain in many ways. Everything from refining forecasting capabilities to helping select…