(Using the attached) Analyse which type of supplier relationship the South African organisation should engage with its Chinese supplier. (by descriping all supplier relationships types)Note:Identify the type of supplier relationship and justify your choice with the support of theory and application to the scenario and practical attached scenerio provided. Please note you are required to show your knowledge through application and dont only give theory. Global supply chain crisis caused by Covid-19 threatens Christmas joy around theworldAs Covid-19 threatens to steal Christmas again with the emergence of the Omicronvariant, those celebrating should also expect higher prices and fewer choices due to theglobal supply chain crisis.According to the South China Morning Post, the global supply chain has taken massivestrain since the start of the pandemic, which continues to affect the flow of goods fromChina and has led to rising shipment costs.Despite the increase in retail figures, a shortage of various items such as chemicals,microchips and paint needed to manufacture and produce finished goods has increasedproduction costs."Shipments were delayed by a month and prices are higher than before," said WeZhishan, a store manager at Yiwu International Trade Market."Containers are up to US$630 more expensive, depending on regions and countries," hesaid.A report by the New York Times explained that scarcity has caused the spike in prices,which began when manufacturing companies were forced to shut down or reduceproduction due to strict lockdown measures."In response, shipping companies cut their schedules in anticipation of a drop in demandfor moving goods around the world," read the report.Meanwhile, people around the world prepared for the "new normal" by creating homeoffices and home gyms and purchasing items such as printers and gaming consoles, aswell as paint and machinery for DIY projects.As many factories slowly reopened and began ramping up their production, the shortagein items needed to produce these goods created a backlog as demand continued to rise.At the same time, those products which had been finished and sent for delivery to theirrespective countries and regions could not be delivered due to a shortage of containers,and they piled up in warehouses across Asia. The delivery of masks and protective gearalso became a priority, occupying the space in containers that made their way to everycorner of the world.The ripple effect saw many companies placing larger orders due to shortages, resulting in one ofthe biggest traffic jams on record.

In the face of the ongoing global supply chain emergency exacerbated by the Coronavirus pandemic and…

(Using the attached) Analyse which type of supplier relationship the South African organisation should engage with its Chinese supplier. (by descriping all supplier relationships types) Note: Identify the type of supplier relationship and justify your choice with the support of theory and application to the scenario and practical attached scenerio provided. Please note you are required to show your knowledge through application and dont only give theory.

(Using the attached) Analyse which type of supplier relationship the South African organisation should engage with its Chinese supplier. (by descriping all supplier relationships types) Note: Identify the type of supplier relationship and justify your choice with the support of theory and application to the scenario and practical attached scenerio provided. Please note you are required to show your knowledge through application and dont only give theory.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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