Globalization has increased the opportunities and decreased the risks for supply chains.

Question

Quizplus · Accepted Answer

Globalization has increased the opportunities for supply chains, but it has also increased the risks. Supply chains now face challenges such as longer lead times, transportation vulnerabilities, and geopolitical instability. Furthermore, disruptions at any point in the global supply chain can have a significant impact on the entire system, leading to significant financial losses and reputational damage.

Globalization Has Increased the Opportunities and Decreased the Risks for Supply