Tag: Supply

  • The Law Of Supply And Demand: What Is It And How Does It Work?

    In general, the law of supply and demand means the more demand there is for a product by consumers, the higher the supply will be from producers.┬áThis relationship can also dramatically affect the price of a product or service. For example, if there’s a huge demand for a certain type of gaming system but there…

  • What Is A Global Supply Chain?

    While your phone could be one of the best examples of how the system works, just about anything can be produced by a global supply chain, from sophisticated electronics to simple clothing, like a plain T-shirt. Blume Global maps out a simple supply chain, which sees raw materials collected in one place, before the material…