“GLOBALISATION HAS ALLOWED COMPANIES TO ESTABLISH GOOD COLLABORATION BETWEEN DIFFERENT INDUSTRIES AND REGIONS , AS WELL AS A TRADING ECOSYSTEM ”
SHANKAR GOPALKRISHNAN
SG : Globalization to glocalization , is a very novel thought process . But , building such an ecosystem will take significant time , people , and money . While such thought-provoking measures are adopted in the long run , it is very important that the ecosystem does its part in laying out and adopting new policies that increase supply chain resilience . There must be necessary measures to build the infrastructure and risk mitigation strategies to stress-test supply chains on a periodic basis .
Supply chain agility is essential for the manufacturing industry to keep up with customer expectations of personalization and convenience . But , in many ways , agility remains only a buzzword as manufacturers lack the ability to quickly integrate local providers , adapt inventory , and rejig the value chains .
To change this , the manufacturers must adopt a strategic transformational mindset , creating the right balance to strengthen their local competencies alongside integration with the global hub through industry 4.0 and digital levers . The transformation of the systems used for production , transportation , and consumption would require a new way of thinking to enable manufacturers to scale further .
The globalization vs localization debate Gopalkrishnan explains that , until now , global supply chain networks have created
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