Recently it is observed that the protectionist measures and trade disputes between leading economies intensify the challenges for global supply chains, these supply chains still may encounter deep difficulties. These obstacles such as tariffs and export/import barriers that may be levied, disruption of the flow of goods and materials, and a trend towards localized or regionalized supply chains are some issues which may arise.
In this case, consumers will likely pay higher prices due to business exclops being increased due to tariffs and interruptions in production line. As for companies, this might be associated with the need for suppliers diversification or company relocation as a remedy for the risks that have been identified and to sustain competitiveness (Sardar et al., 2021).
In order to cater for these challenges, businesses can adopt strategies that include supply chain diversification, building larger inventories, and use technologies that help increase their visibility and agility in supplying chain operations (Gao et al., 2022). Effective communication and teamwork carried out with of suppliers, customers, and policymakers may be an appropriate instrument used to better cope with the difficulties.
Imports from other countries are either a reduced demand for vehicles due to higher prices imposed by tariffs or disruptions in supply chains that tech companies usually get their components from around the world, and ultimately are forced to find new suppliers as a result of trade barriers.
References
Sardar, S., Lee, Y. H., & Golra, H. (2021). Global supply chain disruptions and the way forward: A conceptual framework for mitigating risks. International Journal of Logistics Research and Applications, 24(6), 550-564.
Gao, R., Tao, F., & Zhang, L. (2022). Resilient supply chain management strategy in the context of COVID-19. International Journal of Production Research, 60(13), 4106-4120.
Recently it is observed that the protectionist measures and trade disputes between leading economies intensify the challenges for global supply chains, these supply chains still may encounter deep difficulties. These obstacles such as tariffs and export/import barriers that may be levied, disruption of the flow of goods and materials, and a trend towards localized or regionalized supply chains are some issues which may arise.
In this case, consumers will likely pay higher prices due to business exclops being increased due to tariffs and interruptions in production line. As for companies, this might be associated with the need for suppliers diversification or company relocation as a remedy for the risks that have been identified and to sustain competitiveness (Sardar et al., 2021).
In order to cater for these challenges, businesses can adopt strategies that include supply chain diversification, building larger inventories, and use technologies that help increase their visibility and agility in supplying chain operations (Gao et al., 2022). Effective communication and teamwork carried out with of suppliers, customers, and policymakers may be an appropriate instrument used to better cope with the difficulties.
Imports from other countries are either a reduced demand for vehicles due to higher prices imposed by tariffs or disruptions in supply chains that tech companies usually get their components from around the world, and ultimately are forced to find new suppliers as a result of trade barriers.
References
Sardar, S., Lee, Y. H., & Golra, H. (2021). Global supply chain disruptions and the way forward: A conceptual framework for mitigating risks. International Journal of Logistics Research and Applications, 24(6), 550-564.
Gao, R., Tao, F., & Zhang, L. (2022). Resilient supply chain management strategy in the context of COVID-19. International Journal of Production Research, 60(13), 4106-4120.