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Longer supply chains ‘bring innovation and lower prices’ – Supply Management
Longer supply chains ‘bring innovation and lower prices’
posted by Will Green in Procurement 10 January 2022
Companies have responded to Covid disruption by shortening supply chains but a study suggests longer supply chains provide more innovation and economic benefit.
A team of academics from the University of Oxford and Harvard University found supply chains – in which producers bought input goods, converted them into other goods and sold them to other producers – amplified the effects of technological improvements and price reduction.
“Longer production chains for an industry bias it toward faster price reduction, and longer production chains for a country bias it toward faster growth,” said the report.
continues in source: Longer supply chains ‘bring innovation and lower prices’
Longer supply chains ‘bring innovation and lower prices’ – Supply Management

Fig 2. Bayesian workflow adaptation to calibrate SD models.
Fig 1. Examples of visuals.Based on a multisite effort in rural India, the authors discuss how the use of visuals can help introduce models, capture the meaning of variables, and encourage model ownership. Challenges did not only include participants but also the facilitation team comprising NGO staff and field staff.
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