"What is the Supply Chain?" Vocabulary

Consumer

A person who purchases goods and services for personal use

Regulations

The formal instructions that government issues for implementing laws.

Economic Globalization

The spread of trade, transportation, and communication systems around the world in the interests of promoting worldwide commerce

Manufacture

To make something, especially on a large scale using machinery.

Stockpile

a large supply of something that is kept to be used in the future if necessary

Essential

absolutely necessary

Resilient

quick to recover

Raw Materials

the basic material from which a product is made.

Supply Chain

the group of businesses that make and deliver a given set of goods and services

Supply Chains

the sequence of processes involved in the production and distribution of a commodity.