Supply Chain Management : The Global Peace And Make Business Across Border More Transparent And Slick Than Ever

On the 24th of April 2013, a tragedy occurred in Dhaka, Bangladesh, resulting in the deaths of more than 1000 people and the destruction of a nine-story garment factory “Rana Plaza” (Manik& Yardley, n.d.,). However, the unsatisfactory condition of the building was known to employees. The day before the tragedy, several cracks were noticed, yet the owner of the factory ignored the warning by police to suspend the factory. In addition, workers were physically intimidated which shows, illustrating the power of society and the desperation of financial condition as individuals (Hossain, 2013). 80% of the workers at the Rana Plaza were female; this was because their labor was the cheapest in the world, with the minimum income BDT being 3000 taka per month (the equivalent of 37 Australian dollars) (Burke, 2013). This industry represented the international fashion labels in Europe, America, cosmopolitanism and progressive brands such as Benetton etc. Most of the factory’s textile products were internationally exported, earning foreign currency and allowing it to become the largest industry in Bangladesh. The “Rana Plaza” was one of the main industry, which maintained the economy and society as individuals in Bangladesh. The power of capital at the Bangladesh level is the arrangement of dominance transnational businesses at the global level, which is a smaller rate of powerful

The introductory of the documentary examines the fabric mills of Bangladesh. It is very competitive in the international market place to find low cost labor; when merchandise manufactured in another country is imported these country put on a duty rate. Apparel companies contemplating low cost labor,

A Supply Chain (SC) is an integrated process where involves various parties who are directly or indirectly working together to fulfil a customer’s demand. These parties can be manufacturers, suppliers, transporters, warehouses, distributers, retailers and end consumers. The functions of the SC cover a variety of areas, such as R&D, information flow, marketing, finance, distribution, operation, and customer services.

That Bangladesh today is considered an economic competitor in terms of international garment manufacturing by other countries of the region and beyond is the country since gaining independence in 1971. It appears much of the socio-economic development in the first decade of the twenty-first century for Bangladesh and its approximately 1.5 million women workers depends on the continuing success of the RMG industry.

Bangladesh is considered to be among the worst locations of sweatshops with “…more than 4,800 factories and 3.5 million people employed in the… garment industry, producing cheap clothes under appalling working conditions for major international brands” (War on Want, 2016). This issue involves women, men and children, however it impacts women the most as “women account for 85% of the textile work force and are particularly vulnerable to discrimination and abuse” (War on Want, 2016).

(Garrett, 398) These statistics indicate both that China is seen as an economically stable, profitable country and that China’s economic growth must be noticeably boosted by all that foreign investment. Increasing economic ties between China and other countries has resulted in a few other economic boons for the country. One of these benefits is the ‘hundreds of thousands’ of students that China exports to reap the economic rewards of having an increasing number of educated workers and possible technological innovations learned abroad. (Economy, 12) As appealing as these gains may be, China has had to balance the ups of globalization with the increasing risks brought on by interconnected trade and finance. As its productive capacity and investment opportunities increased, the country became increasingly dependant on exports and foreign run enterprises. In fact, “Nearly 40% of China's gross domestic product (GDP) is based on exports and more than 50% of those exports are generated by foreign companies operating in China.” (Garrett, 398) Garrett furthers that any reversal of China’s current state, either through decreased demand for Chinese exports or through Chinese crackdowns on foreign owned businesses, would devastate the national economy and destabilize the government. China has become dependant on foreign trade and continued investment in Chinese industries. It comes as no surprise that it has adjusted its governmental policies to be more appealing for investors

The globalisation of the supply chains is observed to contribute in the evolution of new types of power relationships between the different players involved in the supply chain activity. The internationalisation of the supply chains has contributed in the trading of merchandises across international borders thereby requiring the governance functions to be

Many companies produce products from parts of raw materials that are purchased from suppliers, till these products are reach the markets and presented for the customers, then you have the supply chain starting from the purchase of raw material from different areas , through the manufacturing steps and stages till is being sold by the consumer. Some of supply chains are well defined and easy to determined, while there are other supply chains complex to analyze. However, supply chains vary with the size of the facility such as; complexities, performance, abilities, flexibility, quality, speed, dependability and cost of preparing goods for manufacturing and the chain length distribution. So the supply chain is a network of wholesalers, retailers, distributors, workers in the transport, storage facilities, suppliers, and manufacturers who participate in the production, delivery and sale of the product to the last consumer. A supply chain is a group of facilities that coordinate activities among it and to avoid the competitors. Moreover, to ensure the supply chain management is operating efficiently and generating the highest level of customer

Based upon his ten years research on supply chain issues in diverse industries such as food, fashion, apparel and automobiles he devises a framework which will help

China, the world 's second largest economic power, one of five permanent members of the United Nations Security Council, and the only Communist Party-led authoritarian state in the G-20 grouping of major economies (Susan V. Lawrence, 2012). Over the last three decades, the value of Chinese trade has approximately doubled every four years. This rapid growth has transformed the country from a negligible player in world trade to the world 's second largest exporter, as well as a substantial importer of raw materials, intermediate inputs, and other goods. What businesses must focus on is how a country’s political system impacts the economy and the particular industry. Firms need to assess how local policies, rules, and regulations

On October 10, 2000 President Clinton's Signing of Legislation Establishing Permanent Normal Trade Relations for China Marks an Historic Moment in U.S.-China RelationsThe United States interest in China is both on an economic and social level. However, the economic level is much higher. China's accession to the WTO will encourage Chinese leaders to move in the direction of meeting the demands of the Chinese people for openness, accountability, and reform. The agreement negotiated last December with China is expected to have three certain results. This can deepen Market Reforms. Also, it obligates China to deepen its market reforms, empowering leaders who want their country to move further and faster toward economic freedom. This agreement will expose China to global competition and thereby

China is on its way to attaining mega market status as a consumer of technological goods and services. Countries unwilling or unable to compete for a share of this market place put themselves at a substantial competitive and economic disadvantage. The admission of China into the WTO will greatly benefit many companies across the board in the United States. The potential for computer makers, software makers, internet providers and internet service providers are immense and American companies could gain tremendously from their potential. These benefits will not be limited to the big name companies of the United States either. Smaller start-up companies will be on the same grounds now and receive the same benefits as larger firms. The small companies will now be able to sell their products in China where as they could not do so before because of the numerous obstacles that only the larger firms were equipped to maneuver around in China. Thus all businesses working from within the United States will have the fair opportunity to extend their reach into China.

We will begin our analysis of these questions by examining China’s economy at the time of Deng Xiaoping’s accession to power in 1978 and the economic growth strategy he and his successor implemented which ultimately led China to ascension into the WTO. We will then review various conditions imposed upon China by the WTO and how China reacted to those changes and to what extent these lead to China’s current status and interaction

China’s accession to the WTO in 2001 has helped shape its economy to becoming a more predictable environment for trade and foreign investment. Corporate governance and frameworks for business operations and interactions have improved, providing a much more transparent environment. (Deckers, 2004)

China introduced market reforms in the early 1980s; only a third of the economy is now directly state-controlled. Since joining the World Trade Organization in 2001, China has rapidly become an economic force, doubling its share of global manufacturing output and creating a commodity-market boom. In 2004 China became the largest exporter of information and communication technology (ICT) exports.