Supply chain management and innovation impact on market development

Abstract

Today’s global business must be agile and responsive to be competitive. Innovations in information and 
communication technology can be major drivers of globalization, making possible a networked, interdependent 
global economy.  Managing supply chain in this new environment, thus, necessitates tying together people, 
processes and information.  
This can be accomplished through the use of the Internet that Supply Chain Management can be based on. 
Internet-Based Supply Chain are the solutions, which tie together relationships connecting the company and all 
its partners on a common platform and collectively acting to meet company, its suppliers, and customers’ needs. 
In order to implement Internet-Based Supply Chain successfully, there is a need to analyze benefits and barriers 
of this concept. 
Permanent Innovation is needed in many markets and industries to maintain or increase competitive advantages. 
Technology is a key component of innovation, and a product of knowledge. Knowledge is becoming an 
increasingly important factor. 
In this research, I have used interviews as qualitative research in different companies from different sectors. 
Finally I have set them recommendations which will have an impact on market development in the future.