The Globalisation of Logistics and Supply Chains Coursework

The Globalisation of Logistics and Supply Chains - Coursework ExampleThis paper illustrates that e rattling business needs to have an effective strategy that en equal to(p)s it to be strategically ensn atomic number 18 to deal with the effects of globularization. There are some scholars who believe that globalization only causes problems contrastingly, some believe that it has both challenges and opportunities that businesses can exploit. Those who are anti-globalization are commonly concerned that the phenomenon pass on cause economic catastrophe and that it should, therefore, be avoided. Anti-globalisation individuals look at globalization from a political point of view and argue that it will have a negative effect on economies around the world (because politics affect economies, so those who are against the globalization believe that globalization makes it easier for external politics affect economies negatively). However, globalization can also be examined from a business poi nt of view. The 19th century was the dawn of globalization. According to Rugman and Collinson, if the right strategies are implemented, firmsand especially big firms, such as multinationalscan benefit a great deal from globalization. According to Worthington and Britton, the firms that have been able to develop an effective global strategy have also been able to advance their interests and increase their global market share while improving their sales and profit margins. A very good example of this is Coca-Cola, which was one of the first multinational firms to begin formulating and implementing a global business strategy even before the debate on globalization was ignited. Because of this, the company was able to come up with ways to take over the global soft drink market, and today, the firms products are available and love all over the globe, even in the least developed regions. This has made Coca-Cola the leader in its industry. Market participation refers to the ways in which firms are able to participate in strategic markets around the world. The world consists of more than 200 countries, and even the most globalized firms have been unable to reach all these countries.