An Assignment on Critically Analyses the Opportunities and Challenges of Businesses Towards the Establishment of Operations in Different Countries With a Logistics and Supply Chain Approach.
PREAMBLE TO THE PROPOSAL
balization has become more popular in recent decades than at any other moment in history. Due to rapid technological advancements, the globe we live in is beginning to resemble a single large city. Globalization is beginning to have an impact on various business sectors. Some are pleasantly impacted, while others are badly impacted. Supply chain and logistics, like other business sectors, are impacted. In a global market, globalization impacted logistics and supply chains to the point where different firms built diverse operations while dealing with different countries. The requirement for this unique operation arose from an understanding of international culture and market conditions.
Globalization is a powerful engine that has revolutionized the world from its old transaction technique to a new one that is stress-free. Companies have grown broader, bigger, and better in size, length, purchasing power, and affluence as a result of globalization, and it is in a logistically technique to match each culture and tradition for a result-oriented cause. Porcelain (2020). Globalization plays a role in supply chain management by transferring businesses from one location to another, such as from one city to another, state to state, and nation to country, so that consumers in different locations can experience the best and most consistent services at the same time. During the Covid 19 crises, international trade reliance on supply chains plummeted, free continuation of transactions was halted, the price of goods in Africa and other continent’s markets skyrocketed, and firms without a precarious supply chain tendency suffered the worst blow of their lives, according to Remuzzi & Remuzzi (2020).
References
- Cooper, Martha, Lisa M. Ellram, John T. Gardner, and Albert M. Hanks (1997). Meshing Multiple Alliances. Journal of Business Logistics,18(1), 67-89.
- Christopher, Martin L. (1992). Logistics and Supply Chain Management . London: Pitman Publishing.
- Doktor, R., Tung, R. L., & Von Glinow, M. A. (1991). Incorporating international dimensions in management theory building. Academy of Management Review, 16(2): 259– 261.
- Forrester, Jay W. (1958). Industrial Dynamics: A Major Breakthrough for Decision Makers. Harvard Business Review,38, July-August, 37-66.
- Harvey, M. G., & Richey, R. G. (2001). Global supply chain management: The selection of globally competent managers. Journal of International Management 7 (2), 105-128.
- Hirst, P., Thompson, G., & Bromley, S. (2015).Globalization in question.
- John Wiley & Sons. Jones, Thomas and Daniel W. Riley (1985). Using Inventory for Competitive Advantage through Supply Chain Management. International Journal of Physical Distribution and Materials Management,15(5), 16-26.
- La Londe, Bernard J. and James M. Masters (1994). Emerging Logistics Strategies: Blueprintsfor the Next Century. International Journal of Physical Distribution and Logistics Management ,24(7), 35-47
- Lambert, D. M., & Cooper, M. C. (2000). Issues in Supply Chain Management. Industrial Marketing Management , 29(1), 65 – 83.
- Lambert, Douglas M., James R. Stock, and Lisa M. Ellram(1998). Fundamentals of Logistics Management , Boston, MA:Irwin/McGraw-Hill, Chapter 14.
- Martin, C. 2011.Logistics & Supply Chain Management . 4thed. London, UK. Prentice Hall.
- Mattsson, L. G. (2003).Reorganization of distribution in globalization of markets: the dynamic context of supply chain management. Supply Chain Management: An International Journal, 8(5), 416-426.
- Mentzer, J. T., DeWitt, W., Keebler,J. S., Min, S., Nix, N. W., Smith, C. D. and Zacharia, Z. G.(2001). DEFININGSUPPLY CHAIN MANAGEMENT Journal of Business Logistics,22: 1 25. doi:10.1002/j.2158-1592. 2001.tb00001.xS
- ackmann, S. A., & Phillips, M. E. (2004). Contextual influences on culture research: Shifting assumptions for new workplace realities. International Journal of Cross Cultural Management, 4(3): 370 – 390.
- Schneider, S. C., & De Meyer, A. (1991). Interpreting and responding to strategic issues: The impact of national culture. Strategic management journal,12(4), 307-320.
- Shaw, J. B. (1990). A cognitive categorization model for the study of intercultural management. Academy of Management Review , 15(4): 626 – 645.