Trends in Supply Chain Management Essay Example | Topics and Well Written Essays - 250 words

Trends in Supply Chain Management - Essay Example Thus, with reference to the current technological innovation, customers expect an efficient system that is both cost effective and reliable for commercial and private use. Operations within an individual market clog the morale of conducting business and restrict diversity therefore leading to reactive industries. With reference to international trade, various investors and product developers are able to develop and create products resembling the demands of the global customers (Green, Whitten, Inman, 2008). In addition, the use of specific strategies in some regions to manage costs, has transpired the trading of best practices leading, in some cases, to unified code of conduct within the logistics industry (Handfield, Straube, Pfohl, and Wieland, 2013). With reference to customer satisfaction, globalization creates interaction between various business blocs thus influencing the development, marketing, distribution, and sale of alternative products. The logistics industry comprises of a network of companies operating in both local and international sectors. These networks help to sustain the industry through the handling of segmented logistics’ service-tasks (Hanningan, & Mangan, 2001). The collapse of one segment in the network has the potential of interfering with global logistics operations. Following the trend of industries experiencing economic-crisis aftershock effects, research suggests that business blocs should loosen ties with volatile markets and implement strategies sustainable within a narrowed logistics’ environment (Florin, n.d). Green, K., Whitten, D., Inman, A. (2008). The Impact of Logistics Performance on Organization Performance in a Supply Chain Context. Supply Chain Management: An International Journal, Vol 13, No. 4: pp. 317-327. Retrieved February 14, from Academic search complete. Hanningan, K., & Mangan, J. (2001). The Role of Logistics and Supply Chain Management in