global marketplace

For an organisation to underestimate the complexity of global supply chain management would be at its peril, and could ultimately result in financial suicide, says Dr Myles Wakeham. Over the past decade or so, businesses have reacted to the demands of Internationalisation and globalisation. In every sector and industry, suppliers, manufacturers, wholesalers and retailers have fragmented throughout the world in order to conduct business overseas and thereby increase sales and profits, reduce costs, and improve production and output in an extremely cut-throat international business arena. A major change has occurred in that local and nationally represented firms have moved…