Supply Chain Visibility and Social Responsibility: A Critical Review
VerifiedAdded on 2023/04/12
|6
|1153
|214
Essay
AI Summary
This essay critically analyzes the emerging trend of supply chain visibility and its connection to social responsibility within the logistics industry. It discusses how customers are increasingly demanding transparency in supply chain processes and are willing to pay a premium for it, driven by concerns about ethical practices. The essay references incidents like the Rana Plaza collapse and Foxconn suicides, which have heightened customer awareness. While providing supply chain visibility can offer a competitive advantage by enhancing a company's social image, it also involves added costs related to technology development and process redesign. The analysis acknowledges that the applicability of supply chain visibility varies across sectors, with some industries, like automotive and defense, facing limitations. The essay concludes that supply chain visibility is a crucial factor for logistics firms seeking long-term competitiveness and maintaining social responsibility, but suggests further research into specific industries that could benefit most from its implementation. Desklib offers this essay along with numerous other resources for students.
1 out of 6