International Logistics and Supply Chain Management

What is a major difference between international and local logistics?

International logistics is more complicated due to crossing international borders

Why have international logistics become more important in recent years?

Due to the growth of economies and increased specialization

What is an advantage of operating internationally?

Increased access to skilled workers and education

What is a consequence of increased globalization for businesses?

Increased need for international logistics Signup and view all the answers

Why is it important for businesses to operate internationally?

To stay competitive in the global market Signup and view all the answers

What is a major advantage of having dedicated people, services, and technology to spot and respond to threats to reliability?

Making an international operation more dependable Signup and view all the answers

What is the result of being a reliable company that gets customers what they need, when they need it, at a fair price?

Building loyalty and attracting customers Signup and view all the answers

What is the primary competitive advantage of an international supply chain?

Reliability and timely delivery Signup and view all the answers

What is the primary challenge that firms face when entering international markets?

Managing multiple tax regimes Signup and view all the answers

What is the main benefit of excellent visibility in supply chain management?

Being able to track every parcel, every order, and every unit in real-time Signup and view all the answers

What is the main goal of international logistics in terms of cost?

Achieving cost efficiency Signup and view all the answers

Why is building relationships important in international logistics?

To build trust and loyalty with customers Signup and view all the answers

What is a common threat to timeliness and predictability in international logistics?

Delays in processing and mistakes in filling out forms Signup and view all the answers

What is the result of having a reliable international logistics operation?

Survival of the business Signup and view all the answers

What is a key difference between global and international logistics?

Scope of operations Signup and view all the answers

Why do firms enter international markets?

To increase market share and revenue Signup and view all the answers

What is the second goal of international logistics?

Achieving reliability Signup and view all the answers

What is a necessary condition for achieving clarity on goals and problems in international logistics?

Translating languages and industry-specific jargon Signup and view all the answers

What is a major challenge in ensuring compliance with government rules and regulations in international logistics?

Differing laws and regulatory frameworks in each country Signup and view all the answers

Why is it essential to consult an expert attorney in international logistics?

To navigate complex regulatory frameworks Signup and view all the answers

What is a potential consequence of sudden political changes in a country?

Changes in visa requirements for traveling employees Signup and view all the answers

What is a potential impact of a labor strike on a port's operations?

Delayed shipments and supply chain disruptions Signup and view all the answers

What is a common challenge in integrating data from different tracking systems?

Incompatibility of data formats Signup and view all the answers

What is the primary objective of international logistics operations?

To ensure efficient and reliable operations that run smoothly and predictably Signup and view all the answers

What is a potential consequence of politicians tightening security measures at the border?

Huge delays at the border Signup and view all the answers

What is the role of international logistics in the production and distribution of goods?

To play an important role in the production, processing, and distribution of goods Signup and view all the answers

What is a key challenge in international logistics?

Uncertainty and reliability Signup and view all the answers

What is a common goal of international logistics and domestic logistics?

To ensure efficient and reliable operations Signup and view all the answers

What is the primary purpose of reflecting on international logistics?

To identify areas for improvement Signup and view all the answers