Benefits and Challenges in Supply Chain Network Design in a Global Context

Abstract

The global trade and import-export scenario brings with it considerable ease of doing business but also adds to the complexity of designing optimum supply chain networks. Firms must select a network that is both having a good framework and at the same time offer flexibility in certain areas and aspects as we are currently living in dynamic times where change is the only constant. The challenge is to find that optimum balance between minimizing cost and maximizing revenue/profit while ensuring high quality is sustained. The methodology adopted for this research is to investigate the various models adopted by different firms and analyze their cost benefits attained. The key findings of this research are that it will vary depending on the industry that the firm is operating in, the maturity level of the countries it deals with, the stage at which the firm is in terms of the company lifecycle and also the size of the firm (large, medium or small). The broader implications of my work are to help improve the ecosystem of or pertaining to supply chain network design globally.