Business Finance
Global Supply Chain Management

Question Description

Part 1
Deliverable Length: 400-600 words total
Write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas.
As the newly appointed chief of logistics in a major distribution company in the United States, write a memo to the chief operating officer that identifies and addresses some critical global market planning and sourcing challenges that must be considered before expanding into a global environment.
Part 2
Deliverable Length: 700 - 1,000 words
Explain the overall importance of cultural challenges as a critical component in global supply chain management and how the cultural challenges in the global supply chain differ in a domestic versus a global environment

Final Answer

Here you go. In case of any further inputs, please let me know.All the best!I appreciate working with you!

Running head: MEMO


Challenges in Global Business



To: The Chief Operating Officer
From: Chief of Logistics
Date: 1/1/2011
Re: Challenges on Global Planning and Sourcing
Expanding internationally entails efficiently using our potential and developing additional
income opportunities. Opportunities abound both in the developed and developing nations where
there is large demand and increasing demand respectively. We need to plan and target our global
growth strategy that will determine success. The global strategy for expansion involves market
entry including the vital choices considering the market focus, brand positioning, channel, and
customer strategy. Going global is an accomplishment that can steer head success. However, not
all businesses are ready for the challenges. Several issues should get considered before going
global. Some challenges could compromise the process. This memo identifies the challenges and
provides possible solutions to the issues identified in market planning and sourcing globally.
All business faces hurdles and expanding internationally comes along with a set of unique
obstacles. Sourcing goods overseas require awareness of several unique problems which may
arise. The issues may involve difficulties with language, customs, regulations, and logistics
among others. On the supplier's market position, the company may experience challenges. The
company might experience different industrial standards that may not meet the requirement of
our standards. Several different trade restrictions impact both import and export transactions like
quotas and tariffs. The next problem concerned with the supplier market is complicated
documentation requirements that involve the cross-border processes. The currency exchange rate
may also fluctuate ultimately affecting the earnings. For instance, the currency of the abroad



country may experience high inflation rates affecting the profitability of the company. More
often, the local customs and court decisions may apply in countries abroad. It is thus critical to
establish relevant laws in ca...

CASIMIR (23280)

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