Global Governmental Policies Surrounding Supply Chain and Logistics

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Nov 24, 2024

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1 Global Governmental Policies Surrounding Supply Chain and Logistics MERCY NDAHR SCLM466 SUPPLY CHAIN MGT FINANCIAL PROF. GARY LAWSON BELLEVUE UNIVERSITY NOVEMBER 24, 2023 ASSIGNMENT 3.1

2 Reference: CSR Report. (2009). Globalized supply chains and U.S. policy. CSR. https://www.everycrsreport.com/reports/R40167.html Summary: The CSR Report (2009) highlights the opportunities and challenges for workers, enterprises, and policymakers following the creation of global value-added networks or supply chains. According to the report, the fragmentation of production processes into geographically spread and discrete activities raises policy issues, including improvements in process efficacy. National governments historically founded investment and trade policies on inter-country relationships and the economies of individual nations. Nevertheless, contemporary trade is spread throughout the world, making it more difficult to establish global governmental policies that ensure the promotion and protection of trade, the integrity and security of products being outsourced or delivered across the globe, and the maintenance of competitiveness. The report added that establishing global supply chain networks may undermine the intended impacts of traditional international trade policies that seek to enhance economic efficiency. For instance, increasing U.S. import barriers on goods from another country may heighten the cost of their importation while creating a parallel effect for U.S. exporters doing business with that country. Similarly, governmental policies on education, infrastructure, environmental protection, labor, and tax may significantly influence the capacity of supply chain businesses to compete on a global scale. Critique: The article has influenced my understanding of global governmental policies surrounding supply chains and logistics by questioning current perceptions regarding the impacts and efficacy of various policy initiatives. A foolproof test to determine a policy's effectiveness is

3 asking whether a particular global governmental policy facilitates trade creation or diversion. Fundamental questions to ask are whether a proposed policy attracts production within the United States, diverts it to another country, encourages more production, or discourages the same. Most importantly, we should ask whether specific trade policies facilitate job creation within the country or force manufacturers to seek cheap labor overseas. Another important lesson learned is the need to consider the tradeoffs between external business, quality control, logistical, labor, and border transaction expenses implied in global governmental policies concerning how they promote economic well-being, the projection of company values, and security. Application : I will apply the main points learned from the article in a professional setting to guide discussions on establishing policies that make the organization more attractive as a location for regional and international supply chain investments. As learned from the report, a policy's goal is promoting trade creation, not diversion. This article relates to supply chain and logistics due to the ever-growing need to enhance global competitiveness. Based on the acquired knowledge, I have learned how to identify and work through the tradeoffs of different policies. For instance, policies to reduce production expenses by outsourcing may take away employment opportunities for locals. Therefore, it is important to use a combination of internal and external resources and personnel to promote revenue generation and economic growth for local communities. I will share the knowledge learned in the article with my supervisor and colleagues through scheduled video conferences. These platforms increase time and place convenience by enabling remote interaction and feedback with employees in different subsidiaries. This information

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4 highlights numerous opportunities and challenges that policymakers must consider when operating transport logistics across other states and countries, fundamentally changing how I approach this aspect of logistics. The main element that I found interesting is how these policies affect an organization's profitability, production, and reporting rules and, therefore, must constantly be evaluated to establish their positive and negative business impact.

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