Please review the information below and then answer the corresponding question(s).

• Supply Chain: All organizations, processes, and activities involved in the flow of goods from the raw materials to the final consumer.

• Supply Chain Management (SCM): Planning and coordinating the movement of products along the supply chain.

• Logistics: Subset of SCM that focuses on the tactics involved in moving products along the supply chain.

• Instructions: Briefly describe why supply chain management is vital to the wholesale and retail industry. What changes are occurring in the industry that may impact how products are developed and delivered to the end consumer? Please include specific examples.