Final answer:
The term 'supply chain' refers to the integrated system that coordinates the flow of goods from suppliers to consumers, encompassing production, logistics, and distribution. Improving technology and transportation, and ensuring labor rights are key to enhancing supply chain operations. The global supply chain, integral to modern commerce, relies on various modes of transportation, such as cargo ships, and faces new challenges like electrification.
Step-by-step explanation:
The term that means "a whole system of people, organizations, and equipment that moves products from seller to buyer" is supply chain. The supply chain encompasses every aspect of getting a product to a consumer, including production, handling, storage, and distribution. Advancements in technology, transportation methods, and policies can improve the efficiency and resilience of supply chains, especially during national emergencies. Moreover, sharing technology with developing countries and respecting labor rights are critical factors in enhancing the global supply chain productivity and sustainability.
Transportation is one segment of the supply chain, which includes modes such as cargo ships, which are vital for shipping goods in the global economy. However, these modes of transportation, as essential as they are to our global supply chains, face challenges in transitioning to electric drive, which is critical for the sustainability of global manufacturing and distribution of consumer goods. It is important for companies to commit to changing labor policies and to get more invested in their labor force for the overall health of the supply chain. This involves not only international agreements but also national-level commitments to protect the rights and welfare of those involved in the production and distribution of products.