scholarly journals Preparing Engineering Students for the Global Sourcing Environment

2016 ◽  
Vol 6 (3) ◽  
pp. 19
Author(s):  
L. Manzione ◽  
Akram Ahmad Abu-aisheh ◽  
N. Sumukadas ◽  
S. Congden

Globalization and rapid changes in modern product development and realization are creating gaps in engineering education systems around the world. The global economy has changed the way that engineering firms design, develop, and produce their products. Companies need to evaluate many options available worldwide, not just locally. The current trends are only likely to continue as the world economy becomes more competitive, interdependent, and characterized by global relationships among supply chain partners. This paper presents a plan for preparing engineering students for the new global sourcing environments and product realization processes. Infusions of supply chain management and project management skills into the curriculum are recommended, as well as use of university-industry partnerships, course portfolios, and study abroad programs.

Author(s):  
Louis Manzione ◽  
Akram Abuaisheh ◽  
Narendar Sumukadas ◽  
Steve Congden

<p><strong><span style="font-size: small;"><span style="font-family: Times New Roman;"><em>Abstract</em>—Globalization and rapid changes in modern product development and realization are creating gaps in engineering education systems around the world. The global economy has changed the way that engineering firms design, develop, and produce their products. Companies need to evaluate many options available worldwide, not just locally. The current trends are only likely to continue as the world economy becomes more competitive, interdependent, and characterized by global relationships among supply chain partners.  This paper presents a plan for preparing engineering students for the new global sourcing environments and product realization processes. Infusions of supply chain management and project management skills into the curriculum are recommended, as well as use of university-industry partnerships, course portfolios, and study abroad programs.</span></span></strong></p>


Author(s):  
Benjamin L. McKean

In a dizzying global economy full of injustices that threaten our freedom, people who want to promote justice should be disposed to solidarity with each other. When global supply chains assemble products from every corner of the global and workers’ economic futures seem ever more uncertain, the very neoliberal theories that helped usher in this world also provide a powerful way to understand and navigate it. Those who want to resist the injustices of today’s global economy need to reorient their way of seeing so that it is possible to act more effectively. By drawing on a diverse range of thinkers from G. W. F. Hegel and John Rawls to W. E. B. Du Bois and Iris Marion Young, Disorienting Neoliberalism provides an account of freedom that can inform transnational movements for justice. By explaining how neoliberal institutions and ideas constrain the freedom of people throughout the supply chain from worker to consumer, the book provides a new orientation to the global economy in which it is possible for people to see one other as partners in resisting a shared obstacle to freedom and thus be called to collective action. Cultivating this disposition to solidarity better expresses freedom than the pity and resentment which global inequality so often gives rise to. In doing so, the book shows how political theory can be a source of orientation to the world, illuminating how ideals can help guide action even when they may be impossible to realize.


Paradigm ◽  
1998 ◽  
Vol 1 (2) ◽  
pp. 100-108
Author(s):  
S.K. Sachdeva

We are at the beginning of a major change in global economy. The decade will see increasing polarisation of super regional trade agreements. With increasing world trade great opportunities are developing thrust on global manufacturing competitiveness and formation of international, multinational and transnational firms percolating various aspects of glolml sourcing for achieving internationalisation in their operations with utilisation of local resources and creating source partnering throughout the world.


2020 ◽  
Vol 12 (17) ◽  
pp. 7199
Author(s):  
Waleed Rashad ◽  
Zlatko Nedelko

The main purpose of this paper is to develop a framework for utilization of lean, agile, and leagile strategies in the supply chains, where the core idea of the framework is to improve the global sourcing practices. Based on in-depth interviews with supply chain professionals and grounded theory approach, we constructed a framework of global sourcing improvement to support better utilization of lean, agile, and leagile strategies, which we believe can help the supply chains worldwide to act better, especially in various difficult conditions and sustain their business accordingly. Our proposed framework also contributes to the UN’s Sustainable Development Goals, since the core concept of the framework is to establish a new organization under the umbrella of the UN to improve the global sourcing and consequently the usage of supply chain strategies accordingly. The applicative part of the paper reveals characteristics of new developed framework, ranging from its purpose and aims, structure, key processes, functions, and its financing. Along with validation of the framework are presented benefits for society, industry, and global economy. Additionally, the paper also reviews the impact of the current health and economic crisis caused by COVID 19, on usage of the three supply chain strategies namely; lean, agility, and leagility to see how they can work in the difficult time, as COVID 19.


Author(s):  
Gerald Wanzala Werikhe ◽  
Zhi Hong Jin

In the recent past, emerging regions of the world have become significant contributorsin powering growth of the global economy. The regions have experienced increase in foreign direct investment, rise in volumes of exports and imports, and an increase in shipping lines towards such regions. Africa in this trend has not been left behind with the IMF reporting that six out of ten fastest growing economies in the world are found in Africa. Specifically, East Africa is one of the regions that have experienced this positive trend relating to moreintegration of the economies, high average GDP growth, and tremendous increase in international freight destined for overseas and inlandthrough the ports of Mombasa and Dares Salaam. The rise in freightvolume however, has resulted into port terminal capacity and productivity challenges, congestion along transport corridors, damage of highways, traffic jam in port cities and environmental pollution hence making the nature of growth and development expensive and unsustainable. This conceptual paper therefore tries topropose the adoption of the ‘extended gateway concept ‘to be integrated into East Africa’s transportation -logistics systemin order to manage and prevent supply chain related disruptions related to time,costs,reliability and safety .The paper presents a theoretical meaning of the concept, discusses the logistical challenges of East Africa from a shipping perspective, and proposes a ‘Three tier’ Extended gateway model for the region based on the development of inland intermodal terminals or dry ports to achieve a modern, economically and environmentally sustainable fright transportation system.


Author(s):  
SERGEY V. MIKHNEVICH ◽  
◽  
SERGEY R. KRASILNIKOV ◽  

The authors gathered and analyzed the latest surveys and recommendations of major multilateral institutions of international cooperation (WTO, B20, UN, UNCTAD, IMF, ILO, OECD, WEF) dedicated to the possible ways and remedies to overcome the current social and economic crisis caused by COVID-19 pandemic. The authors also assessed the current stance and prospects of the world economy. They paid particular attention to the current trends in international trade and investment. As a result, the authors identified and classified some key concrete common ideas and proposals shared by various multilateral institutions of international cooperation and aimed at overcoming identified deficiencies of the global response to the crisis.


2020 ◽  
pp. 23-26
Author(s):  
Viktoriia DERHACHOVA ◽  
Viktoriia HOLIUK ◽  
Oleksandr ZGHUROVSKYI

Nowadays modern economics is going through a lot of changes, that makes Ukrainian businessmen track its all current trends to support the necessary level of competitiveness on the world market. The purpose of the paper is to research the current trends of the global economy and identify its prospects. The study has brought the following results. The authors identified that among the most significant trends that determine the future of the global economy are the following: economic convergence, globalization, changes in the ranking of economic growth leaders in favor of Asian countries, the growth of cryptocurrency markets, constant growth of the global debt, changes in the demographic map in favor of African countries. China, which has been considered to be the major driver of global economic development for the last decade, will gradually lose its positions to India. The article points out that today we can observe a phenomenon of economic convergence, which approximates level of economic development of different countries through faster growth rates of gross domestic products in developing countries compared to developed countries. The main causes of economic convergence include globalization, which has contributed to the spread of know-how, decline in the working-age population in developed countries compared to the rest of the world, increase in labor productivity in developing countries, and redistribution of the labor force of these countries toward higher productivity sectors. The study identifies the prospects for modifying the economic map of the world based on the following factors: increase in the rate of development of Asian economies, population growth and urbanization of certain countries in Asia and Africa, slowdown in the economic development of developed countries and the aging of European nations. The article identifies that all of these trends take place in the framework of the fourth industrial revolution, which largely determines these changes, shaping the sectoral and geographical structure of the global economic development and employment.


2021 ◽  
pp. 22-26
Author(s):  
Т.Н. Сурихина ◽  
Р.А. Мещерякова ◽  
Г.А. Телегина

В статье рассмотрены результаты влияния пандемии COVID-19 на экономику и овощеводство России. Вспышка COVID-19 создала дисбаланс в мировой экономике. Введенные странами карантинные меры, предпринимаемые для сглаживания распространения пандемии, негативным образом повлияли на экономическую ситуацию в мире и экономику отдельных стран, в том числе России. Нарушение цепочки поставок товаров привело к росту цен на сырьевые и продовольственные товары, к закрытию предприятий и увольнениям. Введение ограничений на экспорт товаров снизило объемы импорта. В январе 2021 года по сравнению с январем 2020 года снижение импорта в России по продовольственным товарам и сырью для их производства составило 4,2%, по овощам – 11,5%. Цены на ввозимые в страну овощи в 2,5–3,4 раза превышали цены на экспортируемые. Однако потери в овощеводстве из-за пандемии оказались минимальными. Валовой сбор овощей в целом по стране в 2020 году составил 13,8 млн т., что на 1,7% ниже уровня 2019 года. При этом валовые сборы овощей открытого грунта сократились на 3,1%, овощей защищенного грунта – выросли на 6,6%. Возникли трудности с реализацией овощей, так как в кризисный период из-за пандемии COVID-19 спрос на овощи упал на 30%. Кроме того, население переключилось на более дешевые овощи. Правительства различных стран мира для поддержания производителей и потребителей предприняли ряд мер. The results of the COVID-19 pandemic impact on the Russian economy and vegetable growing are considered. The COVID-19 outbreak has created an imbalance in the global economy. The quarantine measures imposed by countries to mitigate the spread of the pandemic, continue to have a negative impact on the economic situation in the world and the economy of individual countries, including Russia. Disruptions in the supply chain of consumer and industrial goods have led to higher prices for raw materials and food products, to business closures and layoffs. The introduction of restrictions on the export of goods has reduced the volume of imports. In January 2021, compared to January 2020, the decrease in imports for food products and raw materials for their production was 4.2%, for vegetables – 11.5%. The prices of imported vegetables were 2.5–3.4 times higher than the prices of exported vegetables. The losses in this area due to the pandemic were minimal. The gross harvest of vegetables in the whole country in 2020 amounted to 13.8 million t, which is 1.7% lower than in 2019. At the same time, the gross harvest of open ground vegetables decreased by 3.1%, and of protected ground vegetables increased by 6.6%. There were difficulties with the sale of vegetables. During the crisis period, due to the COVID-19 pandemic, the demand for vegetables fell by 30%. The population switched to cheaper vegetables. To support producers and consumers world countries governments undertook measures.


2020 ◽  
Vol 55 (3) ◽  
pp. 337-371 ◽  
Author(s):  
Terrie Walmsley ◽  
Peter Minor

In 2018, the United States (US) Administration initiated several trade actions, including tariffs on China for unfair trade practices outlined by the US Trade Representative (USTR). In response, China filed requests for consultations with the World Trade Organization (WTO) and has implemented or threatened to implement increased tariffs on US products. In this article, the implications of current and potential US trade actions and responses by China on the US and global economy are estimated. We employ a dynamic supply chain model based on the widely used Global Trade Analysis Project (GTAP) Data Base and model. Our analysis finds that US gross domestic product (GDP) would be reduced by a projected –0.86 per cent in 2030 (or US$227.8 billion in 2017 dollars), as the role of the USA in global supply chains declines significantly. China’s GDP would also decline considerably by 2.84 per cent as a result of the actions imposed against it, while the rest of the world gain, as they fill the gaps left by US and Chinese producers. JEL: F16, C68


Author(s):  
Richard Devon ◽  
Alan De Pennington ◽  
Alison McKay

How can we understand design in a global economy and prepare engineering students to play creative leadership roles? Further, what can we do through research to re-conceptualize design ideas, methods, and processes in creative ways that raises productivity and improves the lives of people throughout the world? The authors address these questions by discussing the Prestige Consortium that was established to advance global design education through the combined resources of seven universities in four countries.


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