Final answer:
The statement is false; transportation adds both time value and place value to supply chains by moving goods, thus making them available in different locations. Efficient transportation networks are essential for the smooth flow of materials and products, which impacts profitability. Also, advancements in technology and transportation, along with better labor policies, contribute to resilient supply chains.
Step-by-step explanation:
The statement that transportation adds time value but not a place value onto the supply chains is false. Transportation adds both time value and place value because it involves the movement of goods from one location to another, which is essential for bringing products closer to consumers. Therefore, transportation increases the availability of products in different locations, which is the definition of place value.
Good transportation is critical for moving raw materials to mills and factories and manufactured goods to the marketplace. Efficient transport networks help connect agricultural regions with manufacturing areas, facilitating national expansion. Moreover, locations with easy access to uncrowded freeways, rail, or water transport are advantageous because they enable smooth travel for workers and materials, which can improve cost-effectiveness and profitability.
Advancements in technology and transportation methods can address many supply chain issues. Sharing these advancements with developing countries can enhance product distribution. Additionally, integrating improved labor policies and protection is necessary for a resilient supply chain, reflecting a dual focus on technological and human components.