Global Logistics and Risk Management

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EXECUTIVE SUMMARY GLOBAL LOGISTICS AND RISK MANAGEMENT Global supply chain enables companies to expand beyond their domestic markets and expand globally .International supply chain could be viewed as an extension of the domestic supply chain if managed well .There are several forces which determines the success of international supply chain. Global market forces involves pressures and opportunities created by the foreign companies and customers .Overseas business sometimes is a defensive mechanism to defend domestic markets .Another reason for expansion is because of the increased opportunities in emerging markets and the facilities provided by information technology and internet. Regional expertise in technology is another…show more content…
Foreign government norms could be another potential threat to global supply chain. The main regional difference I global supply chain would be the cultural differences .Differences is languages ,beliefs and customs followed locally .Another aspect is the availability of infrastructure indifferent countries .The highway systems ,ports ,communication ,information and advanced manufacturing and ware housing technologies allow the development of advanced supply chain .Logistics infrastructure in many emerging markets are not fully in place due to the lack of adequate investments in this area .The logistics infrastructure and the other infrastructure in the third world nations is not always adequate enough to support the advanced global supply chain systems .Another area of difference is the difference in the operating levels and the performance evaluation and expectation .The operating standards of the developed world typically vary greatly .Some firms might have met high expectations and place great value on contracts and agreements Research and negotiations are essential to

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