Technology And Globalization And International Trade

The world’s economy has increase within the last few decades due to innovation and globalization and international trade. Many organizations have increased economic activity across the world and have shorten the time it takes products to be produced, transported, and received to consumers domestic and internationally. With the advancement of new technology, many companies have expanded their markets by implementing tools and by the customer and government regulation. With the rise of globalization, warehouses have become a more promenade asset and act as holding facilities until the goods are ready for transit. With the emergence of new innovations, warehouses and now been centrally located to attract more transportation activity transforming way logistics companies operate (Williams, O’Neil 2016). Distribution centers are being centrally located close to highways, it allows logistics companies to pick up loads without long delays. The RFID devices allows warehou ses to reduce labor cost, improve accurate inventory and improve the relationship with the customers. Boosting RFID technology drives the consumer market which in driven by globalization, regional distribution and new strategies. Transportation has been a major role in integrating global trade. The delivery of goods is now as important as the production of goods. New technology creates more jobs and more competitive completion among organizations and forced companies to engage strategic planning to competeShow MoreRelatedGlobalization And International Trade And Investments Aided By Information Technology1009 Words   |  5 PagesCountries are creating stronger internal ties; goods and services are being promoted and exchanged between nations, which creates relationships. Globalization is a process of intercommunication and integration within people, companies, and different nation’s governments. 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