Exploration of Supply Chain Risks and Mitigation Strategies in the Context of Globalization
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Key Points
Geographic dispersion of suppliers increases the risk of supply chain disruption, raising coordination costs and emphasizing the need for resilience strategies.
Analysis of case studies and global trade data indicates a trade-off between operational efficiency and resilience in global networks.
Integration of digital tools like blockchain technology can help firms enhance both resilience and operational efficiency in their supply chains.
Future research may focus on AI-driven predictive modeling to build more adaptable and sustainable supply chains.
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Implication
Observational analysis highlights supply chain disruptions in globalization, suggesting resilience strategies for multinational enterprises.