global supply chain
International production network
A global supply chain is the worldwide network of suppliers, manufacturers, distributors, and retailers involved in creating and delivering a product.
Raw materials might be mined in one country, processed in another, assembled in a third, and sold in dozens more.
The pandemic exposed vulnerabilities in global supply chains.
The term often appears in discussions of trade policy, labor practices, and logistics disruptions.
- warehousingStoring goods commercially
- last mileJourney's terminal segment
- raw materialsUnprocessed production inputs
- factory floorManufacturing workspace area
- logisticsCoordination of complex activities
just in time · geopolitical tensions · trade war · distribution networks · transportation · natural disasters · suppliers · made in China · manufacturing · Suez Canal · inventory management · disruption · bottleneck · tariffs · procurement · chip shortage · blockchain · labor shortages
- globalizationglobalization, free trade, multinationals, interdependence, multinational corporations
- global businessmultinational corporations, multinationals, multinational, foreign markets, international trade
- tradetrade balance, free trade, trade barriers, customs, trade deficit
- procurementprocurement, purchasing, purchase order, bidding, subcontract
global supply chainlocal sourcing
Obtaining goods nearby
buy local · onshoring · reshoring · nearshoring · local economy
global supply chaindirect-to-consumer
Selling without retail intermediaries
vertical integration · self-production · one-stop shop · disintermediation
global supply chainautarky
Complete economic independence
self-sufficiency · economic nationalism · protectionism · isolationism · import substitution