MITIGATING SUPPLYCHAIN RISKS TO IMPROVE COMPETITIVENESS With the increasing sophistication of supply chains, organizations are finding it difficult to attain a constant flow of supplies across all network and turning to some form of collaboration across different tiers. Sourcing has become the order of the day despite the logistical challenges involved. The outbreak of the war between Israel and Palestine, Ukraine and Russia has accelerated widespread increases in global commodity prices making it difficult for purchasers to attain their goals. The wars represent a unique shock that has a major impact on production, distribution and availability of materials. In order to ensure continued supply and/or delivery supply chains need to effectively coordinate and consolidate supply bases across different actors to mitigate shortages. Q.1. Describe the various strategies that a purchaser can adopt to ensure continuity of supplier despite the existence of disruptions in supply chains.
MITIGATING SUPPLYCHAIN RISKS TO IMPROVE COMPETITIVENESS
With the increasing sophistication of supply chains, organizations are finding it difficult to attain a constant flow of supplies across all network and turning to some form of collaboration across different tiers. Sourcing has become the order of the day despite the logistical challenges involved. The outbreak of the war between Israel and Palestine, Ukraine and Russia has accelerated widespread increases in global commodity prices making it difficult for purchasers to attain their goals. The wars represent a unique shock that has a major impact on production, distribution and availability of materials. In order to ensure continued supply and/or delivery supply chains need to effectively coordinate and consolidate supply bases across different actors to mitigate shortages.
Q.1.
Describe the various strategies that a purchaser can adopt to ensure continuity of supplier despite the existence of disruptions in supply chains.
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