Global Supply Chains & Instant Gratification

Jordan Thimm

This is just a short clip of a professor from the Ohio State University, who is also the director of the Global Supply Chain Forum, talking about how important partnerships are in today's business environment.
https://www.youtube.com/watch?v=iqwIFWZGJ7s#action=share

The globalization of our economy and our supply chains has not only changed the supply and demand of goods across international borders, but also the whole entire world we live in along with it. As the dynamic of U.S international trade changes, manufacturers in the U.S are rethinking their strategies on how to create their products the quickest and most cost efficient way possible. In the past, this was through out sourcing and giving jobs across seas. According to an article off of the website InboundLogistics.com by Joseph O'Reilly, approximately more than one third of the world's population resides in China and India alone. The demand-supply curve (for anyone who knows some type of business model) or if not, this is just how the supply and demand of goods interact with each other and when they change, the whole market shifts and changes as well. Demand is changing, and this could mean a number of different things for producers and consumers in the world. The market today is much different than 20 years ago, technology has brought with it many positives and some negatives to our way of life.

One of these negatives being our subtle entitlement to instant gratification. People order something online and pay and then just sit and wait for it to show up at their door. A number of people do not even comprehend what has to happen and how many different people were a part of the process of getting that package from wherever it was made from to your front door. And god forbid you go into a store and they don't have the product you are looking for. People want everything fast and don't really care how it happens, and this complex has spread over other aspects of life as well other than just business. Supply chain and logistics is sort of the cog in the background of the economy that keeps it running. This is why this area of business interests me, and also because it is becoming more and more important as we all become closer and more connected with the help of technology. The harsh backhand of instant gratification is negative in the sense that people are losing their patience, but is very good for the field of supply chain because people are ordering and shipping things in larger numbers.

O'Reilly, Joseph. "Rethinking the Global Supply Chain." Rethinking the Global Supply Chain - Inbound Logistics. N.p., n.d. Web. 06 Feb. 2017.