how can porter s five forces address the effects of globalization on an industry 
porter s model has been used to analyze how globalization affects industry competition for instance globalization lowers barriers to entry in specific industries intensifying the threat of new entrants from different regions 2it can also expand the pool of potential substitutes and alter the power dynamics with suppliers and customers worldwide while porter and others were doing this analysis for industries facing global competition decades ago it s still applicable to sectors undergoing this process in the 2020s 