GLOBAL TRADE OPERATION
Students are required to write a 2300-word individual essay that analyzes global challenges and their effects on the global supply chain, the challenges and opportunities that the assigned Vietnamese industry is facing, and lastly technological application in Vietnam.
Structure
1. Introduction
● Overview of the context, and aim
2. Global perspectives
● Supply chain shortage
● Infrastructure problems
3. Industry perspective
● Challenges
● Opportunities
4. Country perspective
● Technological Solutions for Exporting and Importing
● Strengthening Trade Corridors and Freight Hubs
● Addressing Additional Logistic Challenges in Vietnam
5. Conclusion
● Summarize key findings
*Remember to analyze the effects of the Covid-19 pandemic and the Russia-Ukraine war.
1. Single-country sourcing: This refers to the practice of obtaining materials or products from a single country. Challenges may arise from relying on one source for supplies.
2. Reshoring: Bringing back manufacturing or business operations to the home country from overseas. Understanding the reasons behind this strategic shift is crucial.
3. Just-In-Time: A production strategy where items are produced or acquired exactly when needed. It's important to grasp the implications and challenges associated with this approach.
4. Export market concentration: The extent to which a country relies on a limited number of export markets. Challenges may arise if the concentration is too high.
5. Logistics disruptions: Disruptions in the movement of goods, often due to issues in transportation, warehousing, or distribution.
6. Supply chain transparency: The openness and visibility of information within a supply chain. Understanding why transparency is essential and its challenges is key.
7. MSCI Global Industry Classification GICS Methodology: A system for categorizing companies into different industry groups for investment purposes.
8. Verification of documents: The process of confirming the authenticity and accuracy of trade-related documents.
9. Trade corridors and freight hubs: Routes and locations crucial for the efficient movement and management of traded commodities. Understanding the significance of these terms in the context of trade.
● Introduction to the Assessment
○ Briefly explain the purpose of the assessment.
○ Mention the focus on global supply chain challenges, opportunities, and technological solutions.
Example: The essay delves into a multi-level analysis of global supply chain challenges, focusing particularly on the technological equipment industry in Vietnam. The assessment aims to elucidate the implications of these challenges on international trade, spotlight opportunities arising from current disruptions, and explore viable technological solutions.
● Recent Disruptions
○ Mention the significant global events: the COVID-19 pandemic and Russia-Ukraine tension.
○ Explain their relevance and impact on supply chains.
Example:
❖ COVID-19 Pandemic: The COVID-19 pandemic caused supply chain disruptions due to lockdowns, travel restrictions, and increased demand for medical supplies, revealing vulnerabilities in global supply chains.
❖ Russia-Ukraine Tension: Ongoing geopolitical tensions between Russia and Ukraine disrupted supply chains, particularly in agriculture and minerals, raising concerns about supply source reliability and transportation routes.
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