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5 KEY CHARACTERISTICS THAT GLOBAL SUPPLY CHAINS MUST CONSIDER AND MAKE USE WISELY

BORDERLESS
Before, an organization could not collaborate with other organizations if they are on different countries, unlike today, that national differences or borders are no longer a hindrance for both parties to do business. In fact, national borders are far less constrictive than they used to be, yet there are still associations being facilitated to serve as guide of trading all over the world such as : World trade organization, which gives rules or trade between businesses; World Bank, which offers loans for growing countries’ capital program, General Agreement on Tariffs and Taxes, which regulates international trade; and the Organization for Economic Cooperation and Development which improves the economic and social well being of the people.

CYBER-CONNECTED
Business world today is no longer serving a cluster of many indigenous independent market, rather emerged as an inter-connected single market through predominantly and growingly important cyber connections--- it just simply means that today, everybody knows what everybody else is doing all over the world. This phenomenon is fast, less-controllable, almost invisible, spontaneous, irreversible or simply unstoppable- which is essential for global supply chains, for they rely on these cyber connections for them to be able to transfer large amount of data to other members of the supply chain quickly and reliably.

DEREGULATED
When we say trade barriers, these are the hindrance that prevents organizations to collaborate with each other smoothly. All these barriers are now demolished, or at least lowered. Economic and free trade zones have promoted open and fair competition for everyone, regardless of the country a business is from. In fact, countries are now prioritizing foreign businesses, they give lower taxes and

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