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Competing in a global context image (Global trade environment image …
Competing in a global context
Global Context
Globalisation
Complex supply networks
Products and sevices
Country differences
Glocalisation
Adapting to local culture
Supply Chain Management
Vertically integrated
Challenges
Removal of market forces
Lack of flexibility
Opportunities
Control
1982; term first appeared in print
Supply Chain Council definition
Plan
Source
Make
Deliver
Return
Bullwhip effect
Jay Forrester & MIT
Fluctuations
Increases further away from end user
Outsourcing
Potential for imbalance of power
Decisions
The Barnes outsourcing matrix
Global trade environment
Opportunities
Increasing specialisation
International (political) agreements
Barriers
Increasing populist push against globalisation
The cost of inequality
Comparative advantage
Relative
Absolute
Challenges
Politics Eg. Middle East Session 2.4
#
Cultural considerations
Offshoring
#
Cost of potential reshoring
Michael Porter
Competitive advantage
Diamond model
Five forces of competition
Economic and financial flows
Institutions
World Bank
IMF
Tax considerations
Transfer pricing
Unitary
Exchange rates
Multinationals
Foreign Direct Investment
City leadership
Financial reporting
Regulation
IFRS
#
Civic
Political Managerial Business
Convergence
Employee relations
The role of Human Resource Management
Race to the bottom
Trade Unions
International marketing
Ethics
Lower income consumers
Globalisation versus customisation
#
Environment
Macro
Micro
Corporate social responsibility
Name
Equity
Identity
Reputation
Divergence
Crossvergence