Changes in information and communications technology, international trade liberalization and advances in transportation systems have enabled the rapid spread of business supply and distribution networks beyond the old local and national constraints and onto a global stage – a process often referred to as “Globalization”. This process has accelerated significantly since about 1990 and has dramatic implications for all types and sizes of business and not just for large multinational corporations.
Global Market
Right Stuff, Right Place, Right Time: Supply Chain Coordination
Effective supply chain relationships lead to successful supply chain operations. Product design, manufacturing, transport, warehousing, inventory management, distribution and retailing – in a modern supply chain these operations cut across departmental, organizational and national boundaries.
Do you Speak my Language? Supply Chain Communication
English has become the number one international language of business. This would appear to hand a significant advantage to those who already have English as their mother tongue. Many multinational corporations (MNCs), including some that do not have their origins in an English-speaking country, such as Nokia of Finland and SAP of Germany have even adopted English as their standard corporate language. Indeed, approximately 36% of global business in now done through English and despite the rise of China as an international trading nation, English is set to extend its dominance. According to a recent study English is moving from being a “marker of the elite” to becoming “a basic skill needed for the entire workforce”.
The Whole is Greater than the Sum of the Parts
Q: Why bother with developing supply chain connections?
A: Because the whole is greater than the sum of the parts.
The Globalization of Business and the supply Chain Management Concept
Changes in information and communications technology, international trade liberalization and advances in transportation have enabled the rapid spread of the supply and distribution networks of businesses out of local and national constraints and onto a global stage. This has dramatic implications for all businesses and not just for the large multinational corporations with their global operations dispersed across the world.
Patrick’s Monday Vista #10- The Most Precious Commodity in the World
What is the most valuable and precious commodity in the world? Oil? Gold? Saffron? Or perhaps some rare Earth metal? The correct answer is; none of the above. The most valuable and precious commodity in the world is trust. An abundance of trust lubricates and accelerates positive endeavour in business, politics and personal relationships. In extreme cases the absence of trust leads to war, pestilence and famine. Even in the best case the absence of trust acts as a brake imposing costs and delay on progress in any enterprise.
India- Investing in Intellectuals
India- the mystical East- happens to be the second largest source of skilled human resources for the knowledge based global economy. India makes up for more than 30% of skilled workers brought to the US under the US H1B visa. India is not only a supplier of skilled manpower, rather also a key player in knowledge creation. Many of highly skilled Indians are working in top knowledge centers across the globe- NASA, ESA, World Bank and so on.
Mexico – Opportunities in many Sectors
It is common knowledge that Mexico’s manufacturing cost competitiveness (taking into account labour cost and productivity), together with its young workforce and work ethics, has sparked a steady growth in clusters in skilled and high-skilled industries such as automotive, aeronautics, and electronics. These clusters mainly occupy strategic locations in central states such as Guanajuato, Aguascalientes, Puebla (automotive), Queretaro (aeronautics) and Guadalajara (electronics) with good transport links and access to a large pool of qualified workers.
