Unlock your academic success with our professional essay writing services today!

Coursepivot has top writers to help with your assignments

International Business – 2021

Global trade relies on an effective global supply chain connecting suppliers with customers. Multinational corporations operate in more than one country, requiring a well-working supply chain paramount for sustainability and profitability. Yet, this objective is unachieved because supply chains involve risks. This paper discusses some risks facing the supply chains of multinational corporations in 2021, the different reconfiguration methods, and how they would impact the consumer.

The Risks Facing MNC’s Supply Chains in 2021

Modern organizations rely on software-defined networks, software-defined storage, protocols, and enterprise-grade cloud hosting, data analytics, and Artificial Intelligence machine learning (Etemadi et al. 1-2). Undoubtedly, this technology presents a critical cyber security risk. For instance, using less secured systems could cause severe impacts. Cyber threats come from various sources, including uncertainty of information security practices by suppliers, vendors’ software or hardware with vulnerabilities, and those that result from third-party storage systems.

 All these must get addressed for smooth transmission of data from one point to another.

The trade war between China and the United States presents another significant risk to global supply chains for multinational corporations. The separation of the United Kingdom through Brexit, and tariffs imposed by countries on each other, have all contributed to one question, whether the world is moving towards “de-globalization” (Handfield et al. 2-4). Expecting China and U.S. to become close allies again soon and ease risk management in these two countries is almost inconceivable. The escalation of issues such as arrests of businesses persons from either country, and disruption of supplies by the imposition of heavy tariffs have caused massive disruptions on the global supply chain.

Multination corporations rely on the ease of moving goods from one country to another. As goods or resources move between borders towards the end-user or a company, the tariffs and customs charged on such quantity determine whether the company could adopt a different supply chain to save cost or continue ordering through the same route. Usually, tariffs make the process of obtaining products from another country extremely high. Thus, it reduces the potential sales margin and the organization’s sustainability. This problem is prominent in 2021 because many countries have been trying to raise more revenue through monetary policies that might be relatively unfair to foreign companies.

How Organizations Will Reconfigure These Supply Chains

The main focus for multinational corporations is to have a working supply chain. To achieve this, they require more technology and innovative strategies to mitigate cyber risk. Organizations are now including blockchain that adds data from different sources through a consensus mechanism. Many are likely to pay greater attention to the transparency of supply chains, privacy and security, immutability, and reduced overall cost. These practices are crucial because, without them, the supply chain could still get exposed to the same risks in the future and be without a proactive approach. Such would be critical and an impediment to their growth.

Many multinational corporations will likely shift their demand to neighboring countries and markets to reduce potential risks. Others are leveraging domestic resources in times of inadequacy to remain in business and attract a considerable market share. A significant percentage of MNC’s operate in perfectly competitive markets whose conditions necessitate continuous improvement and innovation. Without these, an enterprise can get unsustainable in the long run due to high lead times, prolonged wait times, and poor-quality products. To these enterprises, reconfiguration is, therefore, a necessity rather than an option.

Implications on Customers

There is a high chance the reconfiguration of the global supply chain could result in substantial positive outcomes for consumers. A possible explanation for this trend is that when a supply chain is efficient, customers get their goods in time, minimizing cost and eliminating waste. Consumers will also feel cushioned in case of unprecedented events. As long as there are no adverse effects of these reconfigurations to the product’s end-user, there is a significant probability that consumers would support them.

Works Cited

Etemadi, N., et al. “An ISM modeling of barriers for blockchain/Distributed Ledger technology adoption in supply chains towards cybersecurity.” Sustainability, vol. 13, no. 9, 2021, p. 4672, doi:10.3390/su13094672.

Handfield, R. B., et al. “Corona virus, tariffs, trade wars and supply chain evolutionary design.” International Journal of Operations & Production Management, vol. 40, no. 10, 2020, pp. 1649-1660, doi:10.1108/ijopm-03-2020-0171.

How to Order a Custom Paper on Coursepivot in Three Simple Steps

Step 1: Sign up or log in to your account on Course Pivot

  • Visit our website, coursepivot.com, and either sign up for a free account using your email address and username or log in to your existing account. By visiting our website, you gain access to a platform dedicated to providing exceptional essay writing services.
  • Whether you are a new user or a returning customer, you can easily create an account or log in to your existing one, enabling you to enjoy the benefits of our website and its features.

Step 2: Fill out the order form with your requirements

  • Once you are logged in, navigate to the order form page to start filling in the details of your order.
  • If you need any assistance during this process, our support team is readily available to help. Simply send an inquiry to our support team, and they will promptly respond to address your concerns and provide guidance.
  • On the order form page, you will be prompted to enter your question's title, description, and category. This information helps us understand the scope of your essay and ensure that we assign the most suitable writer for your task.
  • Additionally, you will be asked to select the deadline, paper format, line spacing, and total budget for your order. These choices enable us to deliver a custom-written essay that meets your specific requirements.
  • Once you have filled in all the necessary details, click the 'submit' button to proceed to the next step.

Step 3: Wait for order delivery and review your paper

  • After you have submitted your order, our support team will promptly match it with the best writer available, considering their expertise in the relevant subject area.
  • The assigned writer will then begin working on your essay, ensuring thorough research, high-quality writing, and adherence to your specifications.
  • Once the writer has completed the essay, it will undergo a comprehensive review by our quality team to ensure its accuracy, coherence, and overall excellence. The finalized paper will be delivered to you via email before the agreed-upon deadline, allowing you sufficient time for review.
  • Upon receiving the paper, you have the option to accept it and rate your writer based on your satisfaction. If you feel any revisions are necessary, you can request them at any time until you are fully content with the delivered work.
  • Our dedicated support team is always available to address any concerns or modifications you may require.
  • By following this three-step process, you can easily submit an order on our essay writing website, CoursePivot.com, and receive a high-quality, customized essay that meets your academic needs.

Homework help and research paper assistance

Order custom essays from top writers today and get a professional paper delivered to your email on time. Coursepivot has top tutors and writers at your service.

Order Now