What is meant by 'global supply chain'?

A global supply chain refers to the entire system involved in the production and delivery of goods that occurs across multiple countries. This means that different stages of the production process can take place in various locations around the world, utilizing resources, labor, and materials from different nations to optimize efficiency, reduce costs, and meet global demand.

This concept emphasizes the interconnectedness of global markets and the logistics needed to manage product flow effectively. Companies often engage in global supply chains to leverage the unique advantages offered by different regions, such as lower labor costs, specialized skills, or access to raw materials. By coordinating activities across borders, businesses can create more competitive advantages and improve their overall efficiency in the marketplace.

In contrast, the other options focus on more localized or domestic contexts, which do not capture the essence of a global supply chain. They restrict the concept to networks that do not extend beyond national borders, missing the critical element of international collaboration and resource sharing inherent in global supply chains.