INT 220 1-1 Discussion: Global Events and Local Supplies

Step-By-Step Guide for INT 220 1-1 Discussion: Global Events and Local Supplies

Introduction to INT 220 1-1 Discussion

This Owlisdom How-To Guide intends to provide Global Dimensions in Business students with detailed and thorough instructions and guidelines about solving the 1-1 Discussion: Global Events and Local Supplies. We will offer dummy solutions to the INT 220 Discussion posts, Assignments, and Module Milestones. Hold on tight, you all; we have a long journey ahead.

Follow the guidelines below to solve the INT 220 1-1 Discussion: Global Events and Local Supplies like a pro. Stay calm if you hit a snag or feel befuddled; we got you. With each step of the How-To Guide, a dummy solution is attached. Thank us later 🙂

List three products that can be purchased at a local store but are only available due to global trade and discuss the impact of international trade on the local store.

Understanding the Impact of Global Trade

To start 1-1 Discussion, briefly introduce yourself, state your major, and include an interesting fact about yourself in one sentence to build a personal connection with your classmates. You can also explain why you chose to take INT 220 and what you expect from this course. Then, we will dive into the vital part of the 1-1 Discussion: understanding the impact of global trade on local products.

List Three Globally Sourced Products

For this part, you must identify three products available at your local store that are sourced globally. Reflect on how these products represent the interconnectedness of global trade and its impact on regional availability.

Discuss Global Trade’s Impact

To discuss the impact of global trade on Global Events and Local Supplies further, elaborate on how it influences the variety, availability, and pricing of products in local stores. You can enhance the selection for U.S. consumers but also introduce vulnerabilities.

Example

Hello, I am majoring in International Business Studies and am passionate about understanding global market trends and their impact on local economies. Today, I will discuss the effects of global events on local product supplies in Global Dimensions in Business.

Three Globally Sourced Products

• Coffee from Brazil: Showcasing the global demand for diverse coffee flavors and the strength of Brazilian agriculture.
• Pasta from Italy: Reflecting the global appreciation for authentic Italian cuisine and the cultural exchange facilitated by international trade.
• Cheese from France: Underscoring the global market’s role in bringing regional specialties to consumers worldwide, enhancing culinary diversity.

Global Trade’s Impact

According to the research article by Cohen and Kouvelis (2021), Global trade broadens product variety, enhances availability, and influences pricing in local stores, offering U.S. consumers diverse choices while introducing supply chain vulnerabilities to regional markets. 

List an occurrence (for example, an earthquake, hurricane, or war) that prevented a product from being sold in your local market or that significantly affected the product’s condition or price. Discuss how frequently you notice missing products or significant price changes due to events in other countries.

Identifying Global Supply Chain Vulnerabilities

Identifying the vulnerabilities of the global supply chain is essential. 1-1 Discussion focuses on how these vulnerabilities occur and how to analyze their impact and frequency.

List an Occurrence Affecting Local Markets

Select a specific global event (e.g., natural disaster, geopolitical tension) that disrupted the supply chain, leading to product shortages or price fluctuations in your local market.

Analyze Impact and Frequency

Discuss the severity of the impact on local markets and how often you have noticed disruptions or significant price changes due to international events.

Example

Occurrence Affecting Local Markets

2020 Pandemic – significantly disrupted global supply chains, leading to unprecedented product shortages and price increases across a wide range of commodities in local U.S. markets (Xu et al., 2020). Essentials like medical supplies, food items, and technology products faced severe disruptions due to lockdowns and transport restrictions. The impact was severe, with frequent shortages of essentials and noticeable price hikes. Such disruptions, while varying in scale, occur periodically, highlighting the global supply chain’s vulnerability to international events.

In your responses to two or more of your peers, address the following:

• Which product are you most surprised is available only due to globalization, and why?

• After seeing examples of events that affected the availability of local products or services, what category of events do you think would affect the global supply chain most often, and why?

Peer Responses

I know it is essential to engage with and answer peers’ queries. But sometimes, we must learn to address questions more clearly and professionally. Some discussion posts, like 1-1 Discussion, of INT 220 may ask for peers’ responses. By following the guidelines below, you can quickly answer any question.

• In your responses to classmates, identify which globally sourced product you found most surprising and explain why you use a credible resource. 
• Share your thoughts on which category of global events (natural disasters, political unrest, etc.) might most frequently impact the global supply chain and why. 

Guidelines for Crafting Your Response

• Be Concise and Clear: Keep your explanations simple yet informative, focusing on the key points that demonstrate the global dimensions of business.
• Use Real-Life Examples: When discussing products and events, choose relatable examples demonstrating global trade’s real-world implications on local markets.
• Engage Critically: Think critically about the examples you and your peers provide, fostering a deeper understanding of how global events influence local economies.
• Reflect on Personal Observations: Incorporate your observations about product availability and price changes, adding a personal touch to your analysis.
• Contribute Constructively: In responding to peers, offer insightful comments that build upon their observations, encouraging a collaborative learning environment.

Example Peer Response 01

Hey Alex! Nice post. I was surprised to learn that everyday items like pasta are available here only because of globalization. It is a small world, after all. About the events affecting supply chains, I would say pandemics and natural disasters have the most significant impact. They disrupt transportation and production so quickly and broadly that it is no wonder we see such vital effects on availability and prices. (Gunessee & Subramanian, 2020).

References

Gunessee, S., & Subramanian, N. (2020). Ambiguity and its coping mechanisms in supply chains lessons from the COVID-19 pandemic and natural disasters. International Journal of Operations & Production Management, 40(7/8), 1201–1223. https://doi.org/10.1108/IJOPM-07-2019-0530

According to the instructions of INT 220 1-1 Discussion, we are supposed to write two peer responses. I have addressed the given instructions in one response. Following these instructions, you can quickly write your peer responses to 1-1 Discussions without a hassle.

Closing

By following these guidelines, you will fulfill the assignment’s requirements and gain a deeper understanding of the intricate relationship between global events and local supplies, enriching your perspective on international trade and its impacts on the U.S. market. We hope you nail this INT 220 1-1 Discussion post. Good luck!
In the upcoming module of INT-220, we will explore Benefits of Global Expansion.