Final answer:
Instead of 'supply chain,' 'supply network' or 'value network' may be more accurate terms that reflect the complexity and dynamic nature of modern economic systems and relationships involving technology, transportation, and labor policies.
Step-by-step explanation:
A term that may be more accurate to use instead of supply chain is supply network or value network. These terms take into consideration the complexity and interconnectedness of modern economic operations where goods, information, and finances are exchanged among multiple stakeholders.
The notion of a supply network or value network emphasizes the idea of a dynamic, interconnected system as opposed to a linear, one-way chain of supply. It captures the advanced technology, transportation methods and vehicles, and policy considerations that play vital roles in the robustness and resilience of the global economy.
In light of events such as the COVID-19 pandemic, the importance of maintaining flexible and responsive supply networks is underscored, emphasizing not just the movement of goods but also the necessity of upholding labor rights and integrating policies that protect labor forces during national emergencies.