Assignment Help-Discuss some of the benefits and opportunities that globalization provides.
You have decided to operate internationally; as such, you understand the importance of designing a global supply chain network. As CEO, you understand the tremendous opportunity that globalization offers, as well as the increased risk in the development of supply chains. It is important that you define the benefits and risks in your design plan, as well as discuss ethics as it relates to global sourcing.
- What are some of the disadvantages and risks involved with globalization? What are some of the potential issues or considerations that you and your leadership team will have to be mindful of?
- Third-party logistics services (3PLs) can be effective supply chain partners and they have been proven to be effective in moving items into foreign locations effectively. Will your company use 3PLs? Why or why not?
- Why is ethical sourcing so important, especially when sourcing globally (think about some of the risks involved to humans, safety and the environment)?
- Discuss how you will incorporate diversity into your ethical sourcing practices.
