Transforming Supply Chains into True Global Trade Networks
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Companies operating a global supply chain are facing increased pressure to deliver product faster than ever before. “The Amazon Effect” has disrupted customer expectations about the speed and visibility of goods in transit. Trying to increase velocity is a challenge when supply chains are fragmented.
The traditional supply chain model does not have the flexibility to adapt when constrained capacity, fluctuating demand, and political trade uncertainties affect the market. A more modern approach to supply chain moves away from a traditional logistics model and embraces a global trade network (GTN) model. This new approach to supply chain strategy is beneficial to companies whether they move product domestically or globally.
Discussion topics include:
- Limitations with Traditional Supply Chain Model
- What is a Global Trade Network (GTN)?
- Benefits of a Global Trade Network
- How a Global Trade Network Provides Macro Vs. Micro Optimization
