what are some industries in which products have proliferated and life cycles have shortened? How have the supply chain in these industries adapted
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Answer:
The various industries where products have proliferated and life cycles have shortened are food & beverages, footwear, fast moving fashion and personal electronics.The supply chain of these industries have adapted themselves by relying chiefly on the information system. The MIS has integrated the information across the various stages of supply chain and helped in...
What are some industries in which products have proliferated and life cycles have shortened? How have the supply chain in these industries adapted?
Industries in which products have been promoted and their life cycles have been shortened include beverages, snacks, fast food, entertainment, personal services, electronic items, etc. Products in these industries have received more publicity and have a shorter life cycle.
New technology is constantly coming into the electronic product, due to which the previous electronic product becomes less in vogue due to the new version of the same product. Similarly, fast food, beverages, snacks, etc. are being promoted, but their life cycle is short.
The supply chain of these industries has taken advantage of the information system, due to which the industries have been promoted at a faster rate and their production has increased.
Optimizing the supply chain requires execution on the supply chain.
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