Running head: TRENDS CHANGING SUPPLY CHAIN MANAGEMENT 1 Trends changing supply chain management Name Professor Institution Course Date
TRENDS CHANGING SUPPLY CHAIN MANAGEMENT 2 Abstract Outsourcing and globalization are two trends in the world today which have the most impact on supply chain management. Outsourcing involves a company making use of “third-party providers” to carry out certain functions in the company. On the other hand, globalization implies to a situation involving the world moving towards a state whereby borders both regionally and nationally seem not to exist hence ease of interaction among people all over the world. This paper focuses on these two trends including an example of a company that has been impacted by both of them. There are a lot of benefits that are associated with outsourcing especially because “third- party providers” are believed to have special skills in certain areas such as product manufacturing. For a company, outsourcing may have positive implications on its supply chain
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