Myths and prejudices about Africa abound, giving pause to some global companies looking to expand into new markets. But if you’ve taken the time to understand the continent – as I have – you’ll undoubtedly agree that Africa is the world’s most exciting developing region right now.
The state of the world around us increasingly affects the way we do business. We operate in an increasingly interconnected and globalized world, with rapidly changing customer demands and government policies. Planning has to remain nimble, especially as we begin to face a challenging new set of sustainability “megaforces.” The time for bold, visionary and innovative thinking is now.
Globalization powers world trade, fuels economic output and facilitates the international transfer of knowledge. Free trade agreements help raise standards of living in countries that sign such treaties, and they can create new jobs.
We’ve been talking about “Asian Tigers” for years – the high-growth economies in the region that are able to maintain long-term, consistent growth.
Logistics has long been much more than simply handling and transporting goods. Information plays a role and gives businesses a decisive competitive edge.
You may remember the rhyme that begins ‘For want of a nail the shoe was lost. For want of a shoe the horse was lost…’ Eventually this lost nail leads to the kingdom being lost. I think modern supply chain experts can learn a lot from this old rhyme. It shows how connected things are, and how a small, minor disruption can grow and grow – until the kingdom is lost. Or, to use more modern terms: your contract, your customer, your cash.
As worldwide demand grows and interdependencies emerge among businesses, supply chains become more complex – and more fragile. Companies as well as countries need to collaborate to ensure that supply chains are protected in the best possible way.