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The function and Significance of Supply Chain Under the New Situation of Global Economy
- 1 Shannxi University of Science and Technology
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Abstract
The supply chain is an important tool for any economic individual to obtain sustainable development and maintain core competitiveness, and it is also the guarantee of coordinating supply and demand in economic development and financial goods market transactions. Under the new situation of global economic development, most enterprises use more effi-cient and perfect processes to make their supply chain run efficiently in order to maintain competitiveness. On the basis of their respective divisions of labor, different enterprises have formed a pattern of mutual dependence, connection, and common development. The traditional competition among individual enterprises has gradually evolved into a compe-tition among different components of the supply chain. On the basis of perfect economic market, the supply chain further integrates various economic subjects and their activities in series, and refines the individual and overall layout in the economic cycle. This paper fo-cuses on the importance and role of supply chains in the new global economic development situation, specifically on how supply chains can promote and improve the development of economies, enterprises, and individuals. As well as the important coordination and promo-tion role of the supply chain in the whole market's resource processing and circulation in the process of economic development, the relevant research is carried out by means of inves-tigation, data collection, and consultation. After a series of studies, we have come to the conclusion that the supply chain plays an irreplaceable role and has significant significance in economic development and enterprise development in the global market and plays an important coordinating and helping role in the development of different industries.
Keywords
function, significance, global economy, development, epidemic
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Cite this article
Zhu,Z. (2023). The function and Significance of Supply Chain Under the New Situation of Global Economy. Advances in Economics, Management and Political Sciences,11,362-367.
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Volume title: Proceedings of the 2nd International Conference on Business and Policy Studies
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