Globalization is economic, cultural, political, and technological interdependence of countries

Globalization is economic, cultural, political, and technological interdependence of countries. More recently countries have taken on more of a nationalistic stance in a desire to be less dependent on others. This can have an effect of global security, logistics, pricing, and many other factors. Should the US continue to pursue globalization? Provide research to justify your stance and be respectful in your responses to other students who may disagree. Utilize the Saint Leo Core Value of Responsible Stewardship.

Homework 2: 4 pages with at least 2 references

Answer the following questions: 1. Globalization is the economic, political, social, cultural, and technological interdependence between countries. Globalization and LSCM are inextricably linked. Explain the debate about the future of globalization. 2. Explain the linkages between economic growth, trade and shipping. How can they be decoupled and why might this occur? 3. Why is there a struggle with directional trade imbalances? 4. Describe product tourism. 5. Compare and contrast outsourcing, off-shoring, and right-shoring. 6. Companies regularly review the locations where they offshore activities to and the associated costs. Some decide to reshore or nearshore. Referring to the map at the start of the book, how do the various trends in offshoring impact the major logistics hubs in the world, and will there be a need for more and/or different hubs? 7. Before outsourcing to a third party, the two companies sign a service level agreement and put in place performance metrics. What steps should be taken and what measures used to evaluate a company for outsourcing? 8. Describe and differentiate the various LSCM costing approaches and concepts.

Reference:

Mangan, J. J., & Lalwani, C. C. (2020). Global logistics and supply chain management (4th ed.). Hoboken, NJ: John Wiley & Sons. ISBN-13: 978-1-119-70299-3

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