Operations and Supply Chain Management, 9th Edition WileyPLUS Registration Card + Loose-leaf Print Companion
Operations and Supply Chain Management, 9th Edition WileyPLUS Registration Card + Loose-leaf Print Companion
9th Edition
ISBN: 9781119371618
Author: Roberta S. Russell
Publisher: Wiley (WileyPLUS Products)
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Chapter 11, Problem 32Q
Summary Introduction

To explain:  The 10 benefits of World Trade Organization (WTO) as listed in their website.

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Explain how market instability in a country (ies) impact the activities of the global supply chain since raw material or finished goods inventories move from a company in a supplying country to another company in a destination country in which times short or long distances traversing through countries are involved.
Global Supply Chains today are subject to more risk factors than localized supply chains of the past. Underestimating risks in global supply chains and not having suitable mitigation strategies in place can result in painful outcomes. It is thus critical for global supply chains to be aware of the relevant risk factors so that they build in suitable mitigation strategies. Discuss, giving examples where necessary, five risk factors facing global Supply Chain.
With the growing complexity of managing worldwide supply chains, coupled with significant pressures to reduce cost at the firm level, supply managers must learn to manage the inherent risks of global sourcing effectively and efficiently.  Where is the supply chain organization vulnerable to potential risk? Identify at least four risks.  Why is the organization vulnerable?  How will this risk affect the organization if it happens?  How will this risk affect the organization’s customers and suppliers?  What are the causes of the risk?
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