Back in 2011, in the midst of an intensifying debate about the impact of globalization, author and academic Pankaj Ghemawat voiced a view that was in sharp contrast to the prevailing wisdom on the subject: "We're not nearly as globalized as we think we are."
Even in the age of recycling, forward and reverse supply chains have tended to be treated as separate disciplines. Now the world's largest retailer is partnering with major consumer goods manufacturers to help erase that distinction.
In Stanley Kubrick's Cold War black comedy "Dr. Strangelove," the Soviets have developed a devastating "Doomsday Device," to be triggered by a nuclear attack on the U.S.S.R. It's supposed to act as a deterrent, but has been kept a secret. Asks an exasperated American president of the Russian ambassador: "Why didn't you tell the world?" To which the ambassador replies: "The Premier loves surprises."
The condition of emerging-market economies seems to seesaw from week to week. But one thing remains constant: the failure of a lot of companies to shore up their supply chains in those countries with up-to-date information technology.
Think of the typical corporate merger as the meeting of two ocean liners. It's tough enough to combine the crews. But how do you mash together two engine rooms?