Supply chains in the world economy are like a team connecting different countries. Here’s how they work:
Sourcing: Companies look for the best spots to get materials, often in other countries where it costs less.
Production: Factories are built in places where it’s cheaper to make products.
Distribution: Products are shipped all around the world, reaching stores from Asia to Europe to North America.
In the end, this teamwork helps lower prices and gives shoppers more choices no matter where they are!
Supply chains in the world economy are like a team connecting different countries. Here’s how they work:
Sourcing: Companies look for the best spots to get materials, often in other countries where it costs less.
Production: Factories are built in places where it’s cheaper to make products.
Distribution: Products are shipped all around the world, reaching stores from Asia to Europe to North America.
In the end, this teamwork helps lower prices and gives shoppers more choices no matter where they are!