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Final Project DraftConsider the feedback that you received from your peers on the outline you posted. Make additional changes and submit a draft of your final project to your instructor. Your draft of the final project should address the following scenario:You work for a popular consumer electronics company that sells products such as cell phones, tablets, and personal computers. The vice president of operations has talked to you about setting up a warehousing and distribution process that can support business expansions globally. He has asked you to develop a recommendation that will help build a business plan. You need to focus on the areas of transportation regulations and policies, transportation methodologies, warehousing, distribution, and inventory management.The company is looking to start its global expansion in the European Union and China. You will focus your analysis and recommendations for this report on importing goods into those areas from the United States and fulfilling customer orders from in-region warehousing or distribution centers. Your outline should include the following:Part I:Transportation Regulations and PoliciesDefine the goalExplain the relevanceNational securityPublic safetyEnvironmentUnrestrained competitionPart II:Transportation MethodologiesEconomic viabilityPractical useApplications in domestic and global marketsPart III:Warehousing and DistributionPrinciplesDesignStorage and handlingInformation systems and information technologyThird-party logistics providers (3PL)Part IV:Inventory ManagementInventory functions for intermediate and final productsPackaging techniques