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