Global SUPPLY CHAIN vs LOCAL SUPPLY CHAIN Introduction
VerifiedAI Summary
GLOBAL SUPPLY CHAIN vs LOCAL SUPPLY CHAIN Introduction 2 Implication 2 The advantages of a Local Supply Chain 2 Flexibility 2 Community support 3 Easier Travel for Faster Turnaround 3 Environmental Benefits 3 Local Community Benefits 3 Challenges 4 Global supply chain advantages 4 Efficiency of Supply Chain 4 Stay On Top of Demand 4 Minimize Delays 4 Reduce Overhead Costs 4 Inventory Buffers 5 Challenges 5 Exchange rate and foreign transaction costs 5 Global supply chain issues 5 Local supply chain issues 5 Conclusion 6 References 6 Introduction