The debate about the effectiveness of planned economies versus free-market economies during the Cold War still resonates today. Recent research highlights the concentration of economic activity in a small number of American companies, with the top 1% controlling a significant portion of production-related assets and sales revenue. This raises important questions about the role of strategic planning, particularly in coordinating global supply chains, for these companies.
While planning may not be at the forefront of most people’s minds, it plays a crucial role in ensuring the availability of consumer products and maintaining economic stability. Dan Pellathy, an assistant professor at UT, discusses how businesses are addressing supply chain management challenges through effective planning. His research sheds light on the importance of planning in modern economic landscapes and how companies are adapting to dynamic supply chain environments.
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