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Fishy Business
DNA testing has revealed that sushi bar customers are not always getting what they pay for. Scientists at the American Museum of Natural History tested fish from 31 sushi bars and found that the tuna coveted by many diners is often a cheaper substitute, a banned fish, or an endangered species. This could be the result of an honest mistake in the supply chain, or it could be a deliberate attempt to deceive buyers. However, researchers have uncovered a DNA "bar code" that can accurately identify the type of fish. While still a ways off, the scientist who developed the tuna DNA bar code envisions a small device that can provide instantaneous species identification, which will result in restaurants ultimately providing what their customers are demanding and paying for.
-Refer to Fishy Business.In the future,suppliers of fresh fish will be able to use electronic bar codes to verify the fish species for members of the supply chain.This information can be incorporated into the information technology used in the inventory management and control business process.This information technology is called:
Global Sourcing
The practice of sourcing goods and services from the global market across geopolitical boundaries, aiming to exploit global efficiencies in the delivery of a product or service.
Intellectual Property Rights
Legal rights granted to individuals or organizations over their creations, ideas, designs, and inventions, allowing them to control and profit from their use.
Foreign Exchange
The process of converting one currency into another currency, an essential aspect of global commerce and finance.
Political Risk
The risk of losing assets, earning power, or managerial control as a result of political actions or instability in the country of operation.
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