Globalization and Supply Chain Management: Opportunities and Challenges for Yummy Foods

Running head: UNIT 18
UNIT 18
Name of the Student
Name of the University
Author Note

UNIT 181
Executive Summary
The globalization can be described as an initiative which is undertaken by the enterprise to
expand its operations to the outside of the country. Hence, the globalization is a global
phenomenon. The aim of the report is to highlight the concept of globalization, its drivers,
and the supply chain as a concept. It examines the external environment of the firm and
provides recommendations and changes in organizational relationships due to the overall
goals can be attained.

UNIT 182
Table of Contents
An introduction to the concept of globalisation.........................................................................3
An explanation on the driving factors of globalisation..............................................................3
SWOT/PESTEL analysis of the organisation............................................................................4
SWOT analysis.......................................................................................................................5
Explain the complexities of international supply chain management........................................6
The opportunities and challenges of globalisation faced by the organization, in context of
risk & diversification strategies and supply chain management................................................7
Recommendations on how to capture those opportunities and overcome the challenges.........8
An explanation of the structure, culture and governance of the organisation............................8
McKinsey 7S..........................................................................................................................9
Inffluence of the etical and sustainable globalisation on the functions of the firm...................9
Applying Hofstede’s Dimensions of Culture to demonstrate how the organisation has been
influenced.................................................................................................................................10
An evaluation of how the above factors have been influenced by global operations and how
the organisation has adapted to operating in a global market to overcome the barriers..........10
Assess which strategic expansion routes the organisation took and analyse both advantages
and disadvantages.....................................................................................................................11
Conclusion................................................................................................................................11
References................................................................................................................................12

UNIT 183
An introduction to the concept of globalization
The globalization can be adequately defined as the integration of the markets which exist in
the global economy and leads to the increased interconnectedness of the overall global economies
(Morden 2016). The different markets where the concept of the globalization is particularly
significant can be stated to be with consideration to the financial markets, the credit markets, the
insurance markets and the different markets for the oil, coffee, product markets and the markets for
the consumer electronics and motor vehicles. In association with the globalization of the
entertainment industry and the sports can also be featured as a developed of the 21st century.
The globalisation can be stated to be rather advantageous in nature due to the reason
that it has the capability of providing various benefits to the different individuals and also
gives perks for the countries to specialise and benefit from the associated applications of the
comparative advantage (Karadag 2015). Moreover, the countries which have increased access
to the markets may benefit greatly from the economies of scale, associated considerations and
benefit.
Moreover, another reason why the concept of globalisation has become increasingly
popular can be contributed to the fact that, the globalisation has helped the various businesses
to have a wide access to the cheap labour and raw materials present. It can be deemed to be
cost competitive and hence engage in successive global sourcing which helps to increase
revenue, ensure successful operations and improve the profits for the different shareholders
as well.
As the globalisation has increased, the concept of the free trade has become very popular and
in association with this, it becomes critical to state that, the Globalisation can be taken as an
effective phenomenon and can be known to increase the availability of goods and services
from all around the globe. In consideration of this, it can be considered to be very important
for the firm to engage in sustainable operations and ensure effectiveness of resources.
An explanation on the driving factors of globalization
However, it is effective to consider that, the globalisation as a concept has not resulted
and taken place all of a sudden but it is a result of various drivers and factors which led to the
globalisation as a phenomenon and a concept. In consideration of this, the different driving
factors of globalisation can be mentioned to be as follows:
1. The developments in the field of the IT have brought about
considerate growth and development in the field of globalisation
and business. In consideration of this, it is critical to state that, as
the internet can be used 24/7; the use of communication has
increased the businesses and interactions to a great extent (Hornstein
2015).
2. The increase in the social media and related concepts has dropped
down the national boundaries. In consideration to this, the different
individuals can easily communicate with an individual as present
across the border, the different companies have been using the
means of social media to micro market and directly target the
customers. The firms have gained access to the global virtual
market (Morden 2016).