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Global Logistics: The Connection Effect

Produktform: Buch / Einband - flex.(Paperback)

China's economic rise is partly fueled by its strategic use of outsourcing combined with the unique concept of guanxi. Outsourcing allows China to leverage lower production costs abroad, while guanxi, a network of relationships built on reciprocity and trust, fosters smooth collaboration with foreign companies and suppliers. Guanxi acts as a social lubricant, facilitating communication, resolving issues, and ensuring reliable service beyond formal contracts. This relational approach complements outsourcing by building trust and commitment, leading to efficient production and a competitive edge. For instance, a Chinese company outsourcing manufacturing might develop guanxi with the factory owner. This could involve social gatherings, favors exchanged, and a focus on long-term benefits. This fosters a sense of obligation and ensures the factory prioritizes quality and timely delivery. However, it's important to note that guanxi can be a double-edged sword. Overreliance can lead to a lack of transparency and hinder competition. As China's economy matures, the role of guanxi might evolve, but its influence in outsourcing China's success story remains undeniableweiterlesen

Sprache(n): Englisch

ISBN: 978-3-384-21173-6 / 978-3384211736 / 9783384211736

Verlag: tredition

Erscheinungsdatum: 27.04.2024

Seiten: 176

Zielgruppe: "Global Logistics: The Connection Effect" is tailored for professionals and students in supply chain management, international business, and logistics. It appeals to those interested in understanding the intricate network of global trade, transportation, and supply chain operations. This book provides insights into optimizing logistical processes in a globalized economy.

Autor(en): Jamie Olsen

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