The World is Flat. Flatteners #7 & #8 Thomas Friedman Group 4: Tom, Josh, Brian, Jing, Ingrid. Flattener #7 – Supply Chaining. Wal-Mart Prophet?. Flattener Key Points . Resourcefulness versus opportunity
Flatteners #7 & #8
Group 4: Tom, Josh, Brian, Jing, Ingrid
Businesses in Difficult situations or insecure in the marketplace will innovate and educate the industry
Enhanced communication, leads to identification of more instances to cut costs
Streamline their supply chain
Resistance is futile. A place in the business world is solidified by adoption and innovation.
Demand models, anticipationtechniques and trend analysis makes meta data key in highly competitive markets
Tools may empower the manufacturers (as they adopt them) to leverage back against Wal-Mart.
Just like Wal-Mart couldn't foresee the backlash from globalization, impersonalization and efficiency cost cuts, Friedman didn't foresee that we would backlash his "flat" metaphor quite so viscously
Point 1 - UPS is not only shipping parcels, but also providing smart business solutionsExample #1: UPS fixes laptops for companies to speed up service. 3 day turn-around, instead of week (s) for product repairs