International supply chain management refers to the coordination and management of the flow of goods, services, and information across international borders. It encompasses the planning and control of logistical activities, sourcing, procurement, production, and distribution processes. The objective of international supply chain management is to optimize efficiency, reduce costs, and ensure timely delivery of products to meet global demand. This involves navigating complexities such as varying regulations, tariffs, currency fluctuations, and cultural differences. Effective international supply chain management is crucial for companies looking to compete in the global marketplace and meet the expectations of a diverse customer base.
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