The Evolution of the Global Supply Chain: From Local to Worldwide

The video explores the evolution of supply chains from local to global, highlighting key historical developments. Initially, supply chains were local due to technological limitations. The Silk Road was an early example of a global supply chain. The 20th century saw innovations like railroads, steamships, and canals, which facilitated global trade. The invention of containerization in the 1950s revolutionized shipping, making it more efficient. The Just in Time method and advancements in digital technology further enhanced supply chain management, leading to today's global system.

What was a key reason supply chains were local before the 1900s?

• Abundance of local resources

• Limited technology for fast travel and communication

• High cost of local goods

• Lack of interest in foreign goods

Which trade route is an example of an early global supply chain?

• The Silk Road

• The Trans-Siberian Railway

• The Panama Canal

• The Suez Canal

What major infrastructure projects in the early 1900s helped shorten transportation times?

• Building of large canals like the Panama and Suez Canals

• Construction of highways

• Development of airports

• Expansion of local roads

What innovation in the 1950s revolutionized the global supply chain?

• The invention of the airplane

• The development of the Internet

• The introduction of containerization

• The creation of the telephone

Which method, popularized in the 1980s, focuses on minimizing inventory and speeding up delivery?

• Just in Time

• Lean manufacturing

• Mass production

• Bulk purchasing