Final answer:
The FedEx tracking system illustrates advanced supply chain management amidst globalization, highlighting the real-time tracking of the movement of goods that is crucial for global logistics operations.
Step-by-step explanation:
The real-time, end-to-end visibility of packages that FedEx offers to its customers is an example of efficient supply chain management within the context of globalization. Such intricate tracking systems allow for detailed monitoring and control over the movement of goods, from the moment a shipment is picked up until it reaches its destination. This movement is part of the global logistics network, which has been enhanced by technological advancements, allowing companies to provide customers with the assurance that their shipments will arrive on time and in the condition expected.
Decades ago, the solid or physical items transported by various modes of transportation, such as planes, trains, and trucks, were tracked to measure the balance of trade. This measurement is an economic factor known as the balance of goods, which is a core part of the global economy and trading system.