Global Nature And Systemic Impact On The Firm 's Financial Performance

America is not the only country that is recovering from an economic recession. The global marketplace is experiencing the same struggles that the recession has brought to countries across the world. Many companies have been impacted in a negative way from the recession, causing them to make some difficult decisions to survive during these turbulent times. When it comes to supply chain management, “it is remarkable how rapidly many businesses have successfully scaled back their supply chain operations in order to sustain profitability during difficult times” (Article p1)

IBM, (2008). Supply Chain Risk Management: Management A Delicate Balancing Act - IBM Global Business Services A multi-faceted view on managing risk in a global

Businesses today operate an environment that differs greatly from anytime millennia, centuries or even decades ago. The pace of businesses has increased exponentially with the continuous improvement of information technology, telecommunications and geolocation supported by satellites and progressively more efficient modes of transportation and mechanization. The ability to move products globally overnight, increasing levels of automation, and collaboration instantaneously via virtual means has forever changed and reduced traditional barriers businesses face while creating a myriad of new challenges, risks and opportunities.

(Handfield, 2007) Code C should cultivate supply chain strategies that plainly deliberate two parameters that “intensify” the negative influence of interruptions on customer and brand performance: globalization and product/process complexity. Second, Code C should plan strategies with countermeasures that diminish the impact of these things, that is: better visibility to strategic supply chain nodes that can rapidly identify disruptions. They should also have well-positioned resources that allow rapid short-range retrieval plans. They need to have in place long-range cooperative methods to remove disruptions in the future. Research also recommends that companies with a great exposure to global supply chain risk invest more in improved inventory and capacity visibility

Ernest Hemingway’s novel The Sun Also Rises is a story set in Paris, France shortly after World War I. The main character, Jake Barnes, is a veteran of the war. While serving, he suffered from an injury and is now impotent. This has many effects on his life, influencing his opinion of himself and his relationships with those around him.

What does courage mean to you? What makes someone courageous to you? Do, they have to do something extraordinary or just plain old simple? Well, courage means to me to put other people before and having no limits. In, the dictionary it means the quality of mind and spirit enabling one to meet opposition without fear.

It is becoming apparent that the ever changing environment in the global marketplace requires a swifter response time from businesses and their supply chains. The era when production was moved overseas, so businesses can take advantage of low-cost labor is coming to an end, because businesses are not only competing on price but also on time. The owner of Zara, a Spanish clothing store knows this first hand, and has turned supply chain management on its ear, making his company the “envy of the industry” (Ferdows, Lewis, & Machuca, 2004).

Preface A more complete view of supply chain risk? The four pillars of a resilient supply chain Resilience in action Building a resilient supply chain Ready. Set. Go.

Prepare Contingency Plans: Supply chain risks must be identified and planned for. It is important to consider supply chain disruptions such as natural disasters, terrorism, security threats, piracy, supplier’s financial collapse, and infrastructure or process failure and there are other risks that all businesses face such as demand volatility and compliance issues. (book, p.241). Developing back up processes and plans takes considerable time yet preparation can be the difference between business continuity and end.

Changes within the supply chain can disrupt the normal flow of goods and services because each change hasn’t been fully scrutinized. A firm can plan and speculate that a change with have a certain effect on the supply chain, but until those processes have been measured it is impossible to know the true cause and effect of any disruption.

Supply chain performance has never been as important as it is today. In a global economy where supply chains, and not companies, battle one another, how a supply chain performs determines who will win the battle. To achieve maximum benefit from a supply chain, a supply chain must be performing at its best or anything it has gained will be short-lived. Yet, many companies are not aware of how their supply chains are performing or even what supply chain they are in.

Today’s global supply chain has been shaped by the past decades of focus and strategies based on achieving the lowest operational costs coupled with a push towards market expansion and supplier outsourcing. The expansion of global supply chains combined with the increasing number of joined connections to external business partners has significantly raised the possibility for supply chain disruptions (Poirier, Quinn, & Swink, 2010). In today’s global business environment, the importance of risk management continues to grow daily.

The article focuses on managing risk in supply chains and highlight how important this area has increasingly become over the last number of years. It highlights a number of key trends happening at present such as increased reliance on suppliers, cross border supply chains; including that of developing countries, the globalization of

In the course of the most recent decade, numerous organizations confronted compelling supply chain network challenges that extended their abilities to the limit. Both the dominance of characteristic calamities and gigantic monetary swings brought about great difficulties over the supply chain. These challenges have not diminished. Supply chains, which once worked just about on autopilot, face numerous perils today in both the worldwide and the domestic market. This paper covers the most common hazards in the worldwide supply chain network and strategies for hazard mitigation.

In the era of globalisation supply chains are getting more lengthy and complex hence they are now more vulnerable to disruptions. The resilience of energy supply chain by Luca Urciuoli, Sangeeta Mohanty, Juha Hintsa and Else Gerine Boekesteijn Accepted on 24 September,2013 takes in account how various companies take preventions against supply chain disruptions or security threats and how they manage their supply chain in case a disruption occurs, it also exchanges views on European union support mechanisms and interactions with the oil and gas companies along with the improvements that can be made by the union in order to make supply chains more robust . In this essay I will discuss the reasons for which these disruption occur