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Who Supplied My Cheese? Supply Chain Management in the Global Economy

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  • Thomas F Siems

Abstract

Today, with an Internet connection and some specialized skills, individuals and companies located in the remotest ends of the earth can compete and collaborate globally. This paradigm shift has occurred as technological forces, the fracturing of political barriers, and a relentless drive for greater efficiencies changed how we work and where we work, ushering in the age of globalization in ways never imagined previously. While many factors can influence macroeconomic variables—including better monetary and fiscal policies, freer trade, and fewer economic shocks—evidence is presented here that better global supply chain management and a more global economy should not be overlooked. On the one hand, these new practices have likely helped to keep inflation lower, reduce economic volatility, strengthen productivity growth, and improve living standards. On the other hand, these new practices cause greater uncertainties and calls for protectionist policies, as outsourcing and offshoring move work to lower cost providers with little regard for geopolitical boundaries.Business Economics (2005) 40, 6–21; doi:10.2145/20050401

Suggested Citation

  • Thomas F Siems, 2005. "Who Supplied My Cheese? Supply Chain Management in the Global Economy," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 40(4), pages 6-21, October.
    • Handle: RePEc:pal:buseco:v:40:y:2005:i:4:p:6-21
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    Cited by:

    1. Ummad Mazhar & Fahd Rehman, 2019. "Diehard or delicate? Violence and young firm performance in a developing country," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 54(4), pages 236-247, October.
    2. Thompson Mark A, 2009. "Hurricane Katrina and Economic Loss: An Alternative Measure of Economic Activity," Journal of Business Valuation and Economic Loss Analysis, De Gruyter, vol. 4(2), pages 1-11, April.
    3. Chikán, Attila & Kovács, Erzsébet & Matyusz, Zsolt & Sass, Magdolna & Vakhal, Péter, 2016. "Long-term trends in inventory investment in traditional market and post-socialist economies," International Journal of Production Economics, Elsevier, vol. 181(PA), pages 14-23.
    4. Ewing, Bradley T. & Thompson, Mark A., 2008. "Industrial production, volatility, and the supply chain," International Journal of Production Economics, Elsevier, vol. 115(2), pages 553-558, October.

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