Global Shift Flashcards
1
Q
What are global supply chains?
A
Flows of materials, products, information, services and finance in a network of suppliers, manufacturers, distributers and customers around the world.
1
Q
Define Global Shift
A
The locational movement of manufactuing production, in particular from ACs to EDCs and LIDCs from the 1970s onwards.
2
Q
What is a global value chain?
A
It is formed when the different stages of production are located across different countries. Companies attempt to optimise their operations by locating various stages of production across different locations.
