Globalization's Impact on Supply Chains

<p>Significant sales through developing markets, with comparable profit margins to developed markets. (D)</p> Signup and view all the answers

<p>Becoming the leading vendor of smartphones in China and India. (A)</p> Signup and view all the answers

<p>Their small size, light weight, and relatively low shipping costs. (A)</p> Signup and view all the answers

<p>They have become large entities with facilities in low-cost countries to produce standardized components. (C)</p> Signup and view all the answers

<p>High-performance supply chains fully exploit globalization, while others face unpreparedness for increased risks. (C)</p> Signup and view all the answers

<p>Exchange rate trends (C)</p> Signup and view all the answers

<p>Terms (C)</p> Signup and view all the answers

<p>Plant warehouse costs (B)</p> Signup and view all the answers

<p>Supply chain warehousing costs (B)</p> Signup and view all the answers

<p>Cost of performance drop due to poorer quality (C)</p> Signup and view all the answers

<p>Facilitates greater shipping density (C)</p> Signup and view all the answers

<p>Offshoring becomes less attractive. (A)</p> Signup and view all the answers

<p>Products with high labor content (B)</p> Signup and view all the answers

<p>By allowing the modules to be shipped flat in high density (C)</p> Signup and view all the answers

<p>To facilitate consolidated shipments (B)</p> Signup and view all the answers

<p>Absorbing all the uncertainties in the supply chain (D)</p> Signup and view all the answers

<p>Reduced waste recycling time and transportation costs (A)</p> Signup and view all the answers

<p>Using supplier hubs for consolidated shipping when volumes are low (B)</p> Signup and view all the answers

<p>By redesigning components for tighter packing (C)</p> Signup and view all the answers

<p>Unit cost reduction from lower labor and fixed costs, along with possible tax advantages. (B)</p> Signup and view all the answers

<p>A singular focus on minimizing unit cost, disregarding the comprehensive total cost. (C)</p> Signup and view all the answers

<p>By using flexible global assembly plants. (D)</p> Signup and view all the answers

<p>Radical fluctuations in crude oil spot price and exchange rates. (B)</p> Signup and view all the answers

<p>Having plants flexible enough to produce both SUVs and smaller vehicles. (C)</p> Signup and view all the answers

<p>Building in flexible production capacity that can be reconfigured. (A)</p> Signup and view all the answers

<p>Natural disasters. (A)</p> Signup and view all the answers

<p>It led to American automakers gaining market share at the expense of Toyota. (A)</p> Signup and view all the answers

<p>Supply, demand, and financial uncertainty. (C)</p> Signup and view all the answers

<p>To buffer against fluctuations in demand and price. (D)</p> Signup and view all the answers

<p>By purchasing goods from foreign countries that can produce them cheaper. (D)</p> Signup and view all the answers

<p>Risk has increased as a result of global operations strategy. (C)</p> Signup and view all the answers

<p>Building flexibility to alter production based on fluctuations. (A)</p> Signup and view all the answers

<p>A significant disruption, including suspension of operations and reduced profits. (A)</p> Signup and view all the answers

<p>Predominantly from Asian countries, including China, Vietnam and Bangladesh. (B)</p> Signup and view all the answers

<p>A more significant drop in SUV sales compared to small cars and hybrids. (D)</p> Signup and view all the answers

The process of increased interconnectedness among countries, enhancing trade and investment opportunities.

A network between a company and its suppliers to produce and distribute a product.

Strategies to minimize potential losses in business operations.

Comprehensive costs including production, shipping, tariffs, and risks when sourcing globally.

Products like smartphones and TVs that are designed for everyday use by consumers.

Cost advantages reaped by companies when production becomes efficient and larger in scale.

Companies that produce goods for other brands under contract, often in low-cost areas.

Economies that are in the process of rapid growth and industrialization, like China and India.

Moving clothing production to low-cost countries, mainly in Asia.

The potential for disruptions in the supply chain due to various factors.

How events like earthquakes disrupt production and supply chains.

Increase in business share due to competitor disruptions.

Ability to adjust manufacturing output based on demand changes.

Assessing all costs associated with sourcing, not just unit price.

Advantages gained by relocating production to lower-cost locations.

Expenses related to moving goods from one location to another.

The ability to produce goods at a lower opportunity cost than others.

Fluctuations in fuel costs affecting supply chain expenses.

Changes in consumer demand for products over time.

Unpredictability in supply chains due to multiple changing factors.

Changes in currency values affecting international trade costs.

Insights on supply chain risks from a consulting firm's survey.

Ability of car manufacturers to switch production types based on market demand.

Increased difficulty in managing supply chains due to offshoring.

Elements that influence supplier pricing, including material and labor costs.

Costs associated with transporting goods, including freight and packaging.

Costs incurred to ensure quality and address quality failures.

Duties and taxes imposed on goods crossing borders.

Potential costs associated with uncertainties in supply chain management.

Changes in wages and labor expenses over time, affecting offshoring decisions.

Optimizing shipping processes to reduce costs and improve delivery times.

Centralized locations where multiple suppliers ship goods for efficiency.

Product design allowing components to be shipped flat and assembled later.

Products that require significant labor input, impacting offshoring viability.

Evaluating manufacturing steps to determine cost-effectiveness and efficiency.

Funds needed for day-to-day operations and production processes.

Reusing leftover materials to reduce costs and environmental impact.

Considerations that determine whether to move production overseas.