Chains
in sentence
979 examples of Chains in a sentence
There, the takeoff point for joining Asia’s great production
chains
was not just the country’s low wages, but a decision to redress past government omissions: trade liberalization, creation of a more favorable investment climate, and infrastructure improvements.
Nowhere among those thousand words were the phrases “trading partners,” “the foreign exchange value of the dollar,” “commodity prices,” or “global supply chains” to be found.
Policymakers should recast agriculture in the new environment of globalization, supply chains, and growing domestic demand.
Yes, trade with China is the largest component of this imbalance, but that largely reflects the complexity of multinational supply
chains
and the benefits of offshore efficiency solutions.
Technological innovations are not only reducing the number of routine jobs, but also causing changes in global supply
chains
and networks that result in the relocation of routine jobs – and, increasingly, non-routine jobs at multiple skill levels – in the tradable sector of many economies.
Growth in high-end services employment is matched by contraction in high-employment components of manufacturing supply
chains.
The same class of information technologies that automate, disintermediate, and reduce the costs of remoteness are also enabling the construction of increasingly complex and geographically diverse global supply
chains
and networks.
Global supply
chains
– constantly in flux, owing to rising developing-country incomes and shifting comparative advantage – locate productive activities where human and other resources make those activities competitive.
Links in these
chains
include not only intermediate products and assembly, but also a growing range of services – research and development, design, maintenance and support, customer service, business processes, and more – as transaction, coordination, and communication costs fall.
The result is what is sometimes called the “atomization” of global supply chains: increasingly fine subdivisions are feasible, more efficient, and locatable almost anywhere.
The efficient ongoing decomposition of global supply chains, networks, and services has two related consequences.
Second, parts of global supply
chains
that were not competitive are no longer protected by being adjacent to parts that were.
But, in modern global supply chains, there is plenty of opportunity to go around.
While global supply
chains
have facilitated entry into manufacturing, they have also reduced the gains in terms of value added that accrue at home.
There is greater concern that cross-border capital mobility makes it harder to collect taxes and enforce financial regulations at home; and that trade agreements, combined with global supply chains, are exacerbating job losses in developed economies.
Not only will consumers face higher costs for autos; the disruption of existing efficient supply
chains
may even leave the US auto industry as a whole worse off, as it undermines the international competitiveness of North American output.
Similarly, just-in-time supply
chains
– which cut costs by reducing the amount of goods and materials held in stock – have proved vulnerable to natural disasters (like floods) or other disruptions (like worker strikes).
Then came Japan’s terrible earthquake, which severely damaged both its economy and global supply
chains.
Some supermarket
chains
even ceased to carry eggs from battery hens.
In addition to individual businesses, entire value
chains
that contribute heavily to the country’s GDP have suffered a sudden operational and financial freeze.
The comparison of linear polymers – proteins made up of
chains
of amino acids, or DNA made up of
chains
of nucleotides – held out the promise of a simple tabular approach to evolution.
However, once fulfilled, Ukrainian businesses would be able to join European manufacturing supply chains, and the government would be able to pursue a much-needed diversified industrial strategy to capitalize on its geographical proximity to the world’s biggest market.
In other words, markets are global networks, which depend on cities to serve as hubs; cities, in turn, require state coordination of supply
chains
to deliver market-enabling public goods effectively.
China’s growth story has entailed the orchestration of at least four supply chains: a global production supply chain, run largely by the private sector; a logistics supply chain, run by state-owned enterprises; a finance supply chain, mainly comprising state-owned banks; and a government-services supply chain.
Although some of the losses may have resulted from productivity gains from information technology and digitization, many occurred when companies shifted segments of their supply
chains
to other parts of the global economy, particularly China.
The organizing principle of global supply
chains
for most of the post-war period has been to move production toward low-cost pools of labor, because labor was and is the least mobile of economic factors (labor, capital, and knowledge).
Then the Internet became generally available, businesses reorganized themselves and their global supply chains, and productivity accelerated.
Fashion has been transformed by the recent emergence of retail
chains
that hire good designers to make throwaway clothing and accessories that are right on trend.
We’re talking about significant changes in the pattern of investment across the supply and demand chains, as well as huge additional spending on new capital stock, especially in power plants and in more energy-efficient equipment and appliances.
The final-assembly links of global-value added
chains
will leave China for countries at earlier stages of economic development, such as Bangladesh, where incomes are lower (though without producing much change in the balance with the US).
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