A Flat World Is A Sea Of Opportunities Within A Globally Dispersed Supply Chain

1343 Words Feb 11th, 2015 null Page
A flat world is a sea of opportunities within a globally dispersed supply chain. Li & Fung defines and instructs the public how to utilize this flat world through network orchestration and competing network to network in a globally competitive economy in order to maximize the customer’s demands. This is not an easy tasks as the world is not completely flat and many stipulations cause companies in the global market to become stagnant. The following essay answers the questions of what is the flat world and how we can manage the benefits and bumps to progress to a borderless world.

A Flat World: What and How?
A flat world describes a world in which everyone is interconnected and more opportunities are presented. A flat world is a world in which companies interconnect by network and use multiple sources to get the job done.
How did this flat world occur? Based on the text by Li and Fung, the challenge of globalization is classified into three eras. Thomas Friedman identified these periods and there flatteners as follows. The flat world first reared its head through the emergence of a global market with advanced transportation and technology in order to more accessibly connect to other parts of the world (Fung, 2008, 4). This occurred from Christopher Columbus journey to the New World until the 1800s (Fung, 2008, 4). Next, the rise of the multinational company occurred from the 1800s to 2000s (Fung, 2008, 4). Transportation and communication costs facilitated a global economy…

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