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Which of the following approaches would be used to enhance compliance, minimize risks, and connect supply chain activities when exporting products to emerging markets?
Correct Answer: D
To enhance compliance, minimize risks, and connect supply chain activities when exporting products to emerging markets, global trade management (GTM) is the most effective approach. Here's how GTM helps: * Compliance: GTM systems ensure that all trade activities comply with international regulations and standards, reducing the risk of legal penalties and delays. * Risk Minimization: By automating and standardizing trade processes, GTM minimizes risks associated with errors, delays, and non-compliance. * Integration: GTM integrates various supply chain activities, including logistics, customs management, and trade finance, providing a cohesive approach to managing global trade. References * Manuj, I., & Mentzer, J. T. (2008). Global supply chain risk management. Journal of Business Logistics. * Bolero International Ltd. (2017). Global Trade Management: An Introduction. Bolero.