An Assignment on Critically Analyses the Opportunities and Challenges of Businesses Towards the Establishment of Operations in Different Countries With a Logistics and Supply Chain Approach.
PREAMBLE TO THE PROPOSAL
balization has become more popular in recent decades than at any other moment in history. Due to rapid technological advancements, the globe we live in is beginning to resemble a single large city. Globalization is beginning to have an impact on various business sectors. Some are pleasantly impacted, while others are badly impacted. Supply chain and logistics, like other business sectors, are impacted. In a global market, globalization impacted logistics and supply chains to the point where different firms built diverse operations while dealing with different countries. The requirement for this unique operation arose from an understanding of international culture and market conditions.
Globalization is a powerful engine that has revolutionized the world from its old transaction technique to a new one that is stress-free. Companies have grown broader, bigger, and better in size, length, purchasing power, and affluence as a result of globalization, and it is in a logistically technique to match each culture and tradition for a result-oriented cause. Porcelain (2020). Globalization plays a role in supply chain management by transferring businesses from one location to another, such as from one city to another, state to state, and nation to country, so that consumers in different locations can experience the best and most consistent services at the same time. During the Covid 19 crises, international trade reliance on supply chains plummeted, free continuation of transactions was halted, the price of goods in Africa and other continent’s markets skyrocketed, and firms without a precarious supply chain tendency suffered the worst blow of their lives, according to Remuzzi & Remuzzi (2020).
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