How small businesses can outgrow the global supply chain phenomenon
By Arvind Rangarajan TCA
Logistics for MSMEs: After the incident of the Ever Given constipating the Suez Canal, it’s apparent that the global supply chain is more of a ‘thread’. “For want of a nail, a Kingdom was lost,”… “a chain as strong as its weakest link,” and “a sword of Damocles which hangs by a thread” are some of the adages that have gained new life. Globalisation and the theories of competitive advantage have shifted entire industries globally. China and the Asian economies have become the factory of the world. It procures from all across the globe and supplies everyone in return.