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: Reach new customers in new markets around the world – Globalization simplifies communication between business owners, vendors, and customers and therefore makes it easier to reach new markets and stay connected with customers no matter where they are in the globe. Expand sourcing opportunities – Globalization makes it possible for businesses to secure a diverse selection of workers, materials, and products from regions of the world that were previously out of reach. Offer a larger selection of goods and services – Globalization increases your sourcing opportunities which means it also increases the range of products and services that you can provide for your customer. Grow and expand the scope of their business – Globalization makes communication near effortless, which make it easier for markets to expand and diversify, thus providing more opportunities for businesses owners to capitalize. Save money and increase profits – more options to source from and to capitalize on means more chances to save on spending and a greater chance of profit. 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.