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International Trade and Supply Chains - Coggle Diagram
International Trade and Supply Chains
International Trade
Exporters:
Countries or companies selling goods/services abroad
Importers:
Countries or companies buying goods/services from abroad
Trade Agreements:
Treaties facilitating trade (e.g., NAFTA, WTO agreements)
Tariffs & Quotas:
Taxes and limits on imports/exports
Currency Exchange:
Conversion rates affecting trade prices
Supply Chain
Raw Material Suppliers:
Provide basic inputs
Manufacturers:
Transform inputs into finished products
Distributors:
Handle logistics and storage
Retailers:
Sell products to consumers
Consumers:
End-users of products
Global Supply Chain Dynamics
Disruptions:
Natural disasters, pandemics, geopolitical tensions
Dependency:
Over-reliance on specific suppliers or regions
Diversification:
Sourcing from multiple suppliers/regions
Reshoring:
Bringing production closer to home markets
Sustainability:
Implementing eco-friendly practices
Interconnection Between Trade and Supply Chains
International trade policies directly impact supply chain decisions.
Efficient supply chains enhance trade competitiveness.
Trade barriers can lead to supply chain reconfigurations.