February 4-5, 2016
“FLATTENING OF THE GLOBE: PROPELLED BY E – COMMERCE & SUPPLY CHAIN
The modern day business environment is beset with changing paradigms. Flat world has emerged as the mantra by which businesses are getting redefined. A flat world encompasses an environment where traditional barriers to trade are breaking down; hierarchies among organizations and customers are being flattened; information and knowledge asymmetries across competition, customers and within the enterprise are being eliminated; boundary-less territories are leveling the big and small competitors alike. These forces are driven by certain flatterers – primarily among those being e-commerce and supply chain.
The e-commerce and supply chain wave has been crashing against every nation’s borders. E-Commerce has literally flattened the world, by breaking the barriers of time, physical boundaries and fund flows. Alibaba’s plan to hold its IPO stateside signifies that e-commerce knows no boundaries. E- commerce is picking up steam around the world with emerging economies seeing the fastest growth in e-commerce. In particular, it has opened up the world to small businesses where they are suddenly on a level playing field having the same reach- both for products and customers, abilities and content of information as a large firm.
A Supply chain management supported by enterprise resource planning has improved customer and vendor relationships andinternal collaboration while doing the same with external business partners. Containerization has really flattened the globe by improving the commodity flow and increasing international business. Supply chain flexibility has moved beyond managing quality, cost, on-time delivery for a variety of norms and tolerances. It has come to include new product introduction cycle, partner integration and quality of supply chain collaborations. Friedman describes supply-chain much about information then products. Information on what a customer purchases is relayed almost instantly back to the producer who then knows what to make and ship to the retailer who also knows which store or outlet to direct the product.
The conference aims at viewing these two paradigm changing forces from the minds of practitioners, academicians, researchers and students. It needs to be seen how these drivers of the world dynamics are changing the way the world is getting moulded.