Virtually all supply chains today are global. Consumers are demanding product from all over the world, spurred on by booming population growth and the pervasive nature of the internet. Ann Grackin, managing director of the Supply Chain Intelligence Service of Marsh, talks here about how companies can meet the challenge of globalization through the creation of "federated" supply chains. They require real collaboration between partners, along with the integration of supply, customer, financial and risk markets. The old corporate model, consisting of discrete functions and responsibilities, is being replaced by one in which participants work closely together, even to the point of learning multiple languages. [Run Time (Min): 9:30]