Summarizing Risk, Sustainability and Collaboration in Global Supply Chain Management

Abstract

The essence of global supply chain management (GSCM) encumbers several different areas of vertical and horizontal operations throughout the chain. The competitive advantages gained through succinct GSCM provide businesses with optimized operations and increase stakeholder value. Development of sustainability, collaboration, and reputational risk initiatives offers multinational corporations (MNCs) capabilities to drive GSCM while limiting supply chain (SC) liabilities. The research showed that MNCs are competing through SCs to increase global market share and customer satisfaction through social, environmental, and economic initiatives. Consistent improvement in these areas affords MNCs with future aims such as delivering renewable resources to developing and emerging markets, less expensive goods, services as SCs improve operations, and cultural awareness as multiple countries and organizations work together. Creating this synergy among SC stakeholders and the environment affords social, environmental, and economic sustainability.