International (Global) Trade Basics. Understand free trade, reasons for protectionism and trade restrictions, role of GATT and WTO in promoting free trade on a global scale, regional economic integration and trade agreements. International trade involves the exchange of goods, and services between countries because there is a need for certain goods or services or perhaps […]
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Toilet paper shortage: Lessons in supply chain
Toilet paper shortage was a strange side-effect of the Covid19 pandemic. As lockdown was enforced in the US, people resorted to panic buying of toilet paper rolls resulting in several shortage on toilet rolls in leading retail stores. Here are lessons in supply chain learnt from the shortage. The Product – Toilet Paper While people […]
Logistics Management: Core concepts
Logistics management, a component of supply chain management, is the process of efficiently transporting goods from the starting point to the destination. It involves steps such as acquisition, storage and transportation of inventory. Here we will try to understand the Logistic concept, identify main activities and elements within logistics, recognise various modes of transport in […]
