The financial crisishasspreadall over the worldand has beguntoaffectthe economy in China. This trend has also created operating difficulties for many Chinese companies. China must engage in cross-border collaboration in order to succeed in the global marketplace. When facing with changing markets or catastrophic risks in China, many strategiesfromSection5canbeusedtoeffectivelymitigatevariousrisks.Usingtheglobal supply chain is a primary instrument for this cooperation, where Chinese suppliers and vendors will benefit a great deal (Jhangiani, 2007). Technological advances on a global scale will enable them to have financial information about importers, pre- and post-shipment funding sources, and competitive intelligence to a degree previously unavailable. Strategies such as information sharing and pooling demand, increased flexibilityand capabilitycanbeemployedtoimprove end-to-endtransparencyleading to more efficient risk management (Wu and Olson, 2007).
The financial crisishasspreadall over the worldand has beguntoaffectthe economy in China. This trend has also created operating difficulties for many Chinese companies. China must engage in cross-border collaboration in order to succeed in the global marketplace. When facing with changing markets or catastrophic risks in China, many strategiesfromSection5canbeusedtoeffectivelymitigatevariousrisks.Usingtheglobal supply chain is a primary instrument for this cooperation, where Chinese suppliers and vendors will benefit a great deal (Jhangiani, 2007). Technological advances on a global scale will enable them to have financial information about importers, pre- and post-shipment funding sources, and competitive intelligence to a degree previously unavailable. Strategies such as information sharing and pooling demand, increased flexibilityand capabilitycanbeemployedtoimprove end-to-endtransparencyleading to more efficient risk management (Wu and Olson, 2007).
การแปล กรุณารอสักครู่..
