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Essay Available:
Pages:
1 page/≈275 words
Sources:
2 Sources
Level:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
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Topic:

Concepts of Logistics Management Essay Research Paper (Essay Sample)

Instructions:

Answer the following:
How might regulatory and political conditions act as barriers to supply chain management?
Explain what is meant by the total cost approach to logistics

source..
Content:


Concepts of Logistics
Name
Institution Affiliation
Concepts Of Logistics
Regulatory and Political Barriers
The common supply chain begins at manufacturing of goods, which then go through transportation to local and overseas markets where the consumers can easily find them. In the current business sector, the supply chain is a crucial component of every organization (World Economic Forum, 2018). An effectively managed supply chain translates to massive revenues for any business. Nonetheless, several barriers such as political, regulatory, market access, transport, and communication infrastructure among others may derail the supply of goods.
Doing business in countries with strict trade regulations may halt the supply chain leading to increased risks and costs. Some countries have strict rules governing the hiring of foreign workers, which could result in difficulties in obtaining cheap labor force (World Economic Forum, 2018).

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