1) TLMT498 DUE 2024/11/21 Instructions Brief Report – APA format Using your outline from week 1 as a guide, submit a minimum of 5 pages of the research you have completed on your topic to date. Yo
Running head: OUTLINE PART 3 0
Impact of Global Trade Policies on Supply Chain Strategies
Lesline Abonwoh
American Public University System
2024/11/10
Abstract
A summary of the paper, including:
The role of international trade.
The effects of this policy on supply chain management strategies.
The research question is: “What is the impact of policies governing global business with regard to the configurational arrangements of supply chains in MNCs?"
An outlook of suggested solutions and directions for further research.
Introduction to the Topic and Problem Statement
Background:
Explanation of global trade measures (as a form of foreign policy, including tariffs, quotas, export controls, and free trade).
The increased competition is arising from geopolitical considerations and changes in global trade rules.
Problem Statement:
The volatility in trade policies makes it difficult for players in the global supply chain to design cost-effective and efficient systems that can effectively wade through these dynamic trade policies.
Example problem: “What challenges does the changing trend in trade regulation pose to companies regarding efficiency and competitiveness?"
Research Question:
“What is the impact of global business policies on the configurational arrangements of supply chains in MNCs?"
Importance of the Research:
Emphasizes the importance of studying this topic for international organizations, firms, governments, and policymakers.
Emphasizes the significant importance of supply chain management innovation.
Literature Review: Background Research on the Topic
Overview of Global Trade Policies:
The impact of tariffs, trade defense mechanisms, and free trade agreements
Discussion on the current state and future of globalization of trade in the 21st century.
Impacts on Supply Chains:
How tariffs and trade wars influence the outcomes of cost elements and procurement plans.
The function of export controls and quotas about restricted market access.
Observations of key findings obtained from key studies and reports.
Examples from Industry:
Practical examples of organizations that have been affected by trade policies such as (the US-China trade war and Brexit)
Information on the trends in costs, incidence of delayed production, and changes in sources of supplies.
Discussion of Ideas on the Topic and Problem
Current Challenges:
Increased cost related to financing tariffs.
Loss of supply chain due to various political instabilities.
The consideration of legal requirements in more than one country.
Implications for Supply Chain Strategies:
Strategies for the procurement decision (such as reshoring, nearshoring, or extending suppliers).
Acquisition of trade compliance technology.
The shift of attention towards the corporate capability of ''resilience and risk".
Emerging Trends:
The part played by digital trade platforms in managing complicated trading regulations.
Integration of data analysis techniques to forecast policy adjustments.
Discussion of New Solutions to the Problem
Proposed Solutions:
Supply Chain Diversification: Increasing the number of suppliers to avoid relying on one geographical location.
Adoption of Technology: Combining the forces of AI and blockchain to raise awareness and compliance.
Scenario Planning: Creating early warning alerts to avoid potential disruptions of trade.
Collaboration with Governments: Working with policymakers to ensure they make the right decisions relating to trade.
Examples:
Trade policies in corporate transformation through various strategic approaches.
Evaluation of Solutions:
Comparison of benefits with the costs of implementing these strategies.
Deficiencies in the application of these solutions.
Conclusion
Summary:
Summarize the role of assessing the effects of the global trade policies on the supply chains.
Summarize the discussion and the recommendations.
Future Research:
Offer ideas for additional research, such as the part on international collaboration or development in trade technologies.
References
List of academic and industry sources in APA format that support the research.
References
Duemler, J. (2021). Contract digitization and analytics: Goodbye paper audits; welcome to real-time scoring. Journal of Supply Chain Management, Logistics and Procurement, 4(2), 182. https://doi.org/10.69554/mfzn8913
FAR . (2024, September 30). Far. Part 42 - Contract Administration and Audit Services | Acquisition. GOV. https://www.acquisition.gov/far/part-42
Garrett, G. A. (2010). Government contract audits and compliance. CCH : Navigant.
Tharp, G. (2021). Recommendations for usage, commercial contracts, and cost recovery in government contracts. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.4101961
