ABSTRACT
In the late 1980s, a considerable number of companies began to integrate global sources into their core business, establishing global systems of supplier relationships and expansion of the supply chains across national boundaries and into other continents around the globe. The globalization of supply chain management in organizations had the goals of increasing their competitive advantage, adding value to the customer, and reducing costs through global sourcing. BD global procurement has a culture of curiosity, collaboration, and knowledge-sharing to help their employee and business performance. Earlier in this book we discussed organizational strategies and how the supply chain must support them. Depending on the type of global supply chain risk, what follows are some common supply chain risks and tactics for risk mitigation. Globalization has resulted in many businesses setting up, or buying operations, in other countries. When a foreign company invests in a country by building a factory or a shop, this is sometimes called “inward investment.”.
