Global Supply Chain Management and Business Growth of Quoted Multinational Manufacturing Companies in South-South, Nigeria.

Abstract:

This study explored the relationship between global supply chain management and business growth of quoted multinational manufacturing companies in South-South Nigeria. The study adopted the correlational research design. The population of the study consisted of 28 quoted multinational manufacturing companies in South-South Nigeria. The census sampling technique was adopted in this study. The sampling unit comprised managers of the 28 quoted multinational manufacturing companies in South-South Nigeria. A sample size of 140 managers was drawn from the 28 quoted multinational manufacturing companies on the ratio of 5 managers per company. A structured questionnaire was used as the main instrument for data collection. The data collected were analysed statistically while the hypotheses were tested using the Pearson Product Moment Correlation Coefficient and SPSS version 26. The findings revealed that global sourcing has significant relationship with market share growth of quoted multinational manufacturing companies in South-South Nigeria. The study also found a significant relationship between global sourcing and profitability growth of quoted multinational manufacturing companies in South-South Nigeria. A significant relationship was equally reported between global distribution and market share growth of quoted multinational manufacturing companies in South-South Nigeria. The study also discovered a significant relationship between global distribution and profitability growth of quoted multinational manufacturing companies in South-South Nigeria. Based on these findings, it was concluded that global supply chain management (global sourcing and global distribution) is significantly related to business growth of quoted multinational manufacturing companies in South-South Nigeria. Therefore, it is recommended that quoted multinational manufacturing companies in Nigeria should manage their global supply chain activities using strategies and methods that are different from those used in managing their domestic supply chain activities as it would enhance business growth.