Title: Supply Chain: Definition, How It Affects the Economy
Headings: How the Supply Chain Affects the U.S. Economy
U.S. & World Economies Economic Terms
How the Supply Chain Affects the U.S. Economy
How Firms Used Supply Chain Financing to Survive the Financial Crisis
How It Affects the Economy
Supply Chain Management
How Supply Chain Financing Help Firms Survive
The Bottom Line
Article Sources

Content: Natural disasters are becoming an increasing threat that can disrupt any part of the supply chain. The United Nations Refugee Agency reported their frequency has doubled in the last 20 years due to global warming. The impact on local productivity can last decades after an event. 1
If a disaster is bad enough, it can slow global growth. In 2011, Japan's earthquake and the resultant tsunami created the most damage to the world's supply of automobiles, electronics, and semiconductor equipment. The wings, landing gears, and other major airline parts are also made in Japan, so the quake disrupted the production of Boeing's 787 Dreamliner. U.S. gross domestic product slowed in 2011 as 22 Japanese auto part plants suspended production. 2
Supply Chain Management
Businesses manage every step of the supply chain to make sure it is the most efficient. As a result, many companies outsource jobs to countries like China that have a lower cost of living. 3 East and Southeast Asia accounted for nearly two-thirds of exports from developing countries.