The global supply chain refers to the interconnected network of production, distribution, and consumption of goods and services across international borders. It involves various stakeholders, including manufacturers, suppliers, and retailers, who work together to ensure that products reach consumers efficiently and cost-effectively. This complex system is influenced by factors such as trade policies, transportation costs, and technological advancements.
In today's economy, the global supply chain plays a crucial role in driving business success and economic growth. Companies leverage this network to source materials from different countries, optimize production processes, and deliver products to markets worldwide. Effective management of the global supply chain can lead to increased competitiveness and customer satisfaction.