Supply chains

The Backbone of the Global Economy Supply chains connect raw materials, production, transport, trade, and consumers. They ensure that products reach where they are needed – from food to electronics to energy. Disruptions in supply chains can paralyze entire industries and affect prices worldwide. 🌍 1. What are Supply Chains? 🔗 Global Networks Supply chains consist of all the steps a product goes through: Raw material → Production → Transport → Storage → Trade → Consumer. 🏭 Many Participants Companies, logistics providers, ports, suppliers, and retailers. 📦 Complex Dependencies A failure at one point can affect the entire system. 🧩 2. The Key Elements of a Supply Chain 🪨 2.1 Raw Material Extraction Mining Agriculture Energy production 🏭 2.2 Production Intermediate goods Assembly Quality control 🚢 2.3 Transport & Logistics Ships Trucks Trains Airplanes 🏬 2.4 Trade …