6. What is meant by the current description of the global economy that "time and distance have been compressed"? Do you agree? What has been the impact of this compression? It means that now there are unlimited options of where to produce them, where to source products, and where to market and share anywhere in the world which is very complex. I agree, compression can lead to reduced order cycle time. It has become an important part of supply This study source was downloaded by 100000804139415 from CourseHero.com on 03-17-2024 22:20:15 GMT -05:00 https://www.coursehero.com/file/80577006/LG-426-Unit-1-Homework-Assignmentdocx/ chain management since it can cause lower inventory levels for customers, improved cash flow, lower current assets and accounts receivable. It's a part of globalization