Abstract
For supply chain managers, long-term considerations regarding economic development, the future of industrial sectors and ecosystems, and geopolitics were less of a priority in the past. Events, such as 9/11, the Arab Spring, and the growing number of trade barriers and geopolitical tensions impacting the global supply and value chain, however, have stressed the importance of monitoring key trends within the economic environment.
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Notes
- 1.
Term used to describe cooperative competition.
- 2.
The term global or world citizenship or world typically refers to a person who places their identity with a “global community” above their identity as a citizen of a particular nation or place. A local champion is an individual that is viewed as popular, able, and excellent within a relatively small area.
- 3.
Mass customization refers to the process of delivering wide-market goods and services that are modified to meet specific customer needs. It combines the flexibility and personalization of “custom-made” with the low unit costs associated with mass production. Another term is “made to order” or “built to order.”
- 4.
Omni-channel retailing is a business model that uses a variety of channels such as retail stores, online stores, mobile stores, mobile app stores, telephone sales, and any other method of transacting with a customer including research before purchase.
- 5.
Blockchain is a database that maintains a growing list of data records secured from tampering and revision.
- 6.
More information at http://www.100resilientcities.org
- 7.
Telematics – umbrella term that encompasses telecommunications, vehicular technologies, road transportation, road safety, electrical engineering (sensors, instrumentation, wireless communications, etc.), and computer science (multimedia, Internet, etc.). Most commonly known telematics solution is the navigational system.
- 8.
The Semantic Web is an extension of the Web through standards by the World Wide Web Consortium (W3C). According to the W3C, “The Semantic Web provides a common framework that allows data to be shared and reused across application, enterprise, and community boundaries.” (Source: Wikipedia)
- 9.
Augmented reality is a live direct or indirect view of a physical, real-world environment whose elements are augmented (or supplemented) by computer-generated sensory input such as sound, video, graphics, or GPS data. (Source: Wikipedia)
- 10.
Bionics is the application of biological systems found in nature to understand and design business ecosystems and modern technology.
- 11.
Security breach is any incident that results in unauthorized access of data, applications, services, data, and other networks and/or devices and assets.
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Lehmacher, W. (2017). Global Dynamics and Key Trends. In: The Global Supply Chain. Management for Professionals. Springer, Cham. https://doi.org/10.1007/978-3-319-51115-3_3
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