SS Flashcards
(6 cards)
Developments in Transportation
- Transportation refer to people, goods and services are transferred from one place to another
Led to ‘shrinking of world’:
- Time needed to transport from one place to another has reduced
- Improvements in size and speed of transportation modes
- Development of efficient/integrated transport infrastructure (airport/shipyard/roads)
What are the few examples?
- 20 weekly scheduled shipping serves for coffee trading between N.Europe and Asia
- Containerization allows larger amount of goods to be transported easily
- SIA has longest commercial flight (SIN-NJ 18h 45min)
Developments in Digital Technology
- Refers to electronic infrastructure to generate/store/process data
- Facilitate the communication between people/business/countries
- Advancements in communication resulted in greater access to Internet, increases mobile comm usage
What are the few examples?
- Invention of smartphones in 21st Century makes it convenient for people to communicate anytime/anywhere
- People are able to communicate through messaging/video calls
- Gain various information on the Internet
Growth of MNCs
1| Are large corporations that operate in various countries with subsidiaries
2 | Drive globalisation with supply chain: network of individuals/companies in product creation and delivering to consumer
3| Have economic activities (production/service facilities) that operate in more than one country
- Lower cost of production
- Gain entry into new markets and sell products/services worldwide
What are the examples?
Starbucks
- HQ is located in Seattle
- Coffee beans sourced from N.S.America/Africa/Asia
- Coffee beans transported to USA/India for roasting
- Coffee beans packed and delivered to stores in more than 65 countries
