Title: How Globalization Impacts Supply Chain Management
Headings: How Globalization Impacts Supply Chain Management
How Globalization Impacts Supply Chain Management
What is Globalization?
Pros and Cons of Globalized Supply Chain
5 Benefits of a Globalized Supply Chain
5 Negatives of a Globalized Supply Chain
How Will Globalization Affect Your Supply Chain?

Content: 5 Negatives of a Globalized Supply Chain
The benefits of a globalized supply chain are numerous but it also presents a new set of challenges to your network and managing your supply chain. To take advantage of the benefits of globalization, you need to know the negatives and how to respond to them. Greater complexity – Global supply chains have global problems. As companies globalize they must scale up all aspects of their business, especially their supply chain. I ncreased risk to your supply chain – When your materials, factories, and customers are spread around the globe that means your business is entirely at the mercy of global events, like natural disasters, port and border closures and changes to the geo-political landscape. Increased competition – You can bet that if your company broke into a new market that there are several companies just like yours with the have access to the exact same supplies, products, labor pool, and customers as you. To stay in global market supply chains, you need to be as lean and efficient as possible. Greater data collection challenges – When different aspects of your supply chain are scattered around the globe, the process data collection and oversight grows in complexity and becomes more difficult. More legal issues – Operating across borders means operating in countries with different legal systems, which can get complicated and expensive very quickly. How Will Globalization Affect Your Supply Chain?