The Supply chain industry is the most important industry in the world, and it is safe to give the industry this title because supply chain is the driving force of the world’s economy. If there were no supply chain, countries would not be able to export nor import goods, living them with the only option of self-sustenance. Because of supply chain and globalization, small countries has the opportunity to find new markets for exports all over the world, which provides jobs for their citizens and grow their economy at a much faster rate. Supply chain is the process of getting a product from point A to point B in the most efficient way possible. This is done negotiating with suppliers to purchases materials, then shipping these items through the different modes of transportation, which are trucks, s...
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...tegies like cross docking have eliminated the need for major warehouse, by transports good directly from incoming freight carriers, to truck or trans that takes the supply directly to the stores. The hub and spoke method used by companies has significantly trimmed the amount of gas and man-hours used to transport supplies from suppliers to stores. This has also saved airline companies billions of dollars, allowing them to have full flight by bring passengers to one central hub. The constant development of Innovation and technology is great for the supply chain industry, and it helps the industry save money and also save the environment. The supply chain industry is responsible for significant amount of carbon emission, so if the industry can continue to develop technology that saves money and improves the quality of the environments this would be a win win situation.
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