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

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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

For 1-1 Discussion, state your major and include a fact about yourself that you are interested in, in one sentence in order to begin building a personal connection with your classmates. You can also add why you decided to take INT 220 and what you hope this course does for you. Then, we will dive into the vital part of the 1-1 Discussion: A knowledge about the effect of global trade on local products.

List Three Globally Sourced Products

For this part you need to identify three products that are bought from your local store that are also bought globally. Consider what these products tell us about the connection between global trade and how that trade affects regional availability.

Discuss Global Trade’s Impact

Finally, let us discuss how global trade has effected Global Events and Local Supplies and also determine how it affects the products range, affordability, and availability in local store. While you can help increase the selection for U.S. consumers, you can also introduce vulnerabilities.

Example

I am majoring in International Business Studies and I am (and have always been) interested in understanding market trends of (and their impact) on (local) economies. In Global Dimensions in Business I will talk about how global events impact local product supplies.

Three Globally Sourced Products are categorized into salads, protein and condiments.

• Coffee from Brazil: Bold testament to the world’s need for all kinds of coffee and the power of Brazilian agriculture.
• Pasta from Italy: In reflection of the appreciation of the world to genuine Italian Cuisine and of the exchange of attitudes and customs in the sphere of international trade.
• Cheese from France: A reminder of the importance of the global market in ensuring that regional specialties will reach consumers from across the globe, and with more culinary diversity.

Global Trade’s Impact

As per the research article by Cohen and Kouvelis (2021), Global trade enlarges product variety, enlarges availability and affects pricing in nearby stores, giving U.S. purchasers large amounts of choices while giving the supply chain weaknesses to the neighborhood 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

Global supply chain vulnerabilities must be identified, 1-1 Discussion presents the process by which these vulnerabilities are created and assessed for frequency and impact.

List an Occurrence Affecting Local Markets

Choose a particular global event (e.g., natural disaster, geopolitical tension) that changed the supply chain, which resulted in the shortage of the product or price changes for it in your local market.

Analyze Impact and Frequency

Talk about the damage to local markets and how often you have seen a disruption or huge price changes caused by international events.

Example

Affect Occurrence of Local Markets

This period of 2020 Pandemic, significantly disrupted global supply chains and broke many product shortages and price rises of many commodities through local U.S. markets (Xu et al., 2020). Paradoxically, medical supplies, food items and technology products were severely disrupted by lockdowns and transport restrictions. The impact was severe: there were frequent shortages of essentials and not so noticeable but still frequent price hikes. Scale does vary, but such disruptions happen periodically, showing the fragility of the global supply chain 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 consider it necessary to react and answer to peers queries. There are times when we have to answer questions better and professionally. INT 220 may some discussion posts, like 1-1 Discussion, may request for peers’ responses. All you have to do is follow some instructions, and you can answer any question by the end

• For your responses to classmates, choses a globally sourced product that you find surprising and describe why you use a credible resource. . 
• Describe which category of global events (natural disasters, political unrest, etc.) might impact the global supply chain most frequently, and why. 

Guidelines for Crafting Your Response

• Be Concise and Clear: Simple explanations, yet informative, so that you can see the key points that prove that business has global dimensions.
• Use Real-Life Examples: When discussing products and events, use real world examples that highlight the real world consequences of global trade on local markets.
• Engage Critically: Examine critically the nature of the examples you and your peers offer and to deepen your understanding how events are global are felt locally.
• Reflect on Personal Observations: Write the analysis incorporating your observations about product availability and price changes and infuse some of your personal thoughts into this comprehensive objective analysis of your industry.
• Contribute Constructively: Responding to peers, you can offer insightful commenting, the comments add to the peer’s observation and nurture a collaborative learning environment.

Example Peer Response 01

Hey Alex! Nice post. I did not know that every daily item which is nonexistent here is given by globalization. After all, it’s a small world. According to me pandemics and natural disasters have the most pronounced impact on the supply chains about the events. But because they disrupt transportation and production so quick and so broadly, it is no wonder that we indeed see such immediate 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

Following these guidelines will be able to satisfy the demands of the assignment while acquiring a more profound knowledge of the far relationships between global events and native abode supplies for that related to the comprehending international business and its effects on the U.S. market. We intend this INT 220 1-1 Discussion post would be ideal for you. Good luck!
In the next module of INT-220, Benefits of Global Expansion, we will find out.