3.1 Discussion Assignment – Global Government Policies

docx

School

Bellevue University *

*We aren’t endorsed by this school

Course

232

Subject

Information Systems

Date

Dec 6, 2023

Type

docx

Pages

4

Uploaded by ProfessorHornetMaster474

Report
3.1 Discussion Assignment – Global Government Policies 1 Seannel Spinks Professor Lawson SCLM 466, Bellevue University 3.1 Discussion Assignment – Global Government Policies SCLM 456-861N Global Logistics and Transportation 11/24/2023
3.1 Discussion Assignment – Global Government Policies 2 Reference: CTSI Global. (n.d.) Get Ready for Public Policy to Transform Logistics. Retrieved on November 24, 2023 from https://ctsi-global.com/2022/all-eyes-on-supply-chain-issues-how- public- policy-transforms-logistics/ Summary: According to CTSI Global (n.d.), there has been a heightened interest in supply chain issues and the need for more resilient supply chains after the COVID-19 pandemic. The virus exposed how interconnected supply chains are, and the significant dependency people have on them. The article first discusses the relationship between government and private businesses. Although supply chain and logistics firms are often private businesses, they still have roles significantly related to policy or regulations. Government policies and restrictions on markets have significant effects on the way global supply chain and logistics processes operate, which was made further visible by the pandemic. Private shippers had to communicate with government members and abide by health rules. The article then discusses the vulnerabilities currently existing in the supply chain and logistics industry. CTSI Global (n.d.) states, "Rising demand, port congestion, limited warehouse capacity, and truck driver shortages have hurt the economy along with the rising freight costs and product prices." These factors led to the U.S. government creating a specialized task force to address issues across supply chains.
3.1 Discussion Assignment – Global Government Policies 3 Finally, the article presents the key ideas that the task force developed to eliminate the existing vulnerabilities in the supply chain and logistics industry. Critique: Although concise in its approach, this article emphasizes a crucial link between governmental entities and supply chain and logistics firms. Despite operating in the private sector, such firms must adhere to the rules and regulations set forth by governing agencies. While historically, government relationships have been associated with negative connotations, such as the rail industry's regulation, it's essential to remember that the government played a significant role in transforming the industry by developing acts to deregulate it. Even though environmental laws can prove burdensome for firms, there is now a shift towards more eco-friendly supply chains, not solely for ethical reasons but also their efficiency and resiliency. These examples of government intervention highlight the importance of supply chain and logistics businesses understanding and maintaining their roles dependent on government action. Application: After reading the article, I understand that supply chain professionals must be well-prepared for potential disruption. This means understanding the different areas of the supply chain and identifying ways to operate more effectively. For example, when it comes to product stock, firms should consider creating alternate relationships with suppliers to have more options available in case of supply chain disruption. Additionally, it is essential to have a well-structured plan for managing inventory so the firm can respond quickly and efficiently to changes in demand.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
3.1 Discussion Assignment – Global Government Policies 4 Furthermore, staying current with government policies and regulations that may impact the supply chain is essential. Three significant policies directly affecting supply chain processes include trade tariffs, environmental regulations, and labor laws. Understanding these policies and their potential impact on operations can help firms adjust their strategies accordingly. In summary, a well-prepared supply chain professional must consider all aspects of their operations, from inventory management to government policies. By doing so, they can mitigate potential risks and adapt to changes in the market quickly and efficiently.