Contemporary trends in global value chain management
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What are some contemporary trends in global value chain management? How does the use of a global monetary unit (e.g., Euro or single currency) affect global value chain management? What are the pros and cons of using a single monetary unit? What trends do you see occurring ten years from now in global value and supply chain management?
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Solution Summary
This solution provides a detailed explanation and discussion of the given finance questions regarding global value chain management.
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Trends in global value chain management
- Rapid rate of innovation with continued investment in IT
- Widespread availability and use of knowledge
- Consumer empowerment by technological availability
- Increased complexity
- Increasing financial instability
- More centralization
Global monetary unit
Use of global monetary unit would have an important effect on driving change in the global value chains. The use of single currency would accelerate competitive pressure across continents serving to cut costs and improve service standards to an unreached level. Companies would be able to reap benefits ...
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