How companies can lessen the shocks of a volatile world
Wednesday, October 21, 2015 - 06:00
in Mathematics & Economics
Companies large and small globalize their enterprises in search of advantages, such as lower costs, flexibility, and closer proximity to key markets. But globalizing comes with an Achilles' heel: The vaster a company's operations, the more vulnerable it becomes to jarring events around the world, including natural disasters, political upheaval, industrial actions, mistreatment of workers in suppliers' factories, and damaging effects of climate change.