The Evolution of the Global Supply Chain: From Local to Worldwide

The video explores the evolution of supply chains from local to global, highlighting key historical developments. Initially, supply chains were local due to technological limitations. The Silk Road was an early example of a global supply chain. The 20th century saw innovations like railroads, steamships, and canals, which facilitated global trade. The invention of containerization in the 1950s revolutionized shipping, making it more efficient. The Just in Time method and advancements in digital technology further enhanced supply chain management, leading to today's global system.

Describe the impact of containerization on global supply chains in the 1950s.

What advancements in technology contributed to the evolution of supply chains from the 1980s to the 2000s?