Crafting & Executing Strategy: Concepts (standalone Book), 22nd Edition
22nd Edition
ISBN: 9781260157376
Author: Arthur A. Thompson
Publisher: McGraw Hill Education
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Chapter 3, Problem 3ALE
Summary Introduction
To discuss: Whether macro-environmental factors and market economic characteristics tend to pose attractive opportunities for profitability and growth for industry participants.
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Reading list:1) Rice and the Climate Crisis 1/4: Thai rice farmers struggle against climate-driven challenges2) Rice and the Climate Crisis 2/4: Thai rice exports taking a hit, with lack of research and development an additional challenge3) Rice and the Climate Crisis 3/4: Singapore focusing on diversification, stockpiling amid changing rice yields from other countries4) Rice and the Climate Crisis 4/4: The significance of reducing food waste as climate change hits rice production5) Thailand seeks rice price pact with Vietnam to boost 'bargaining power'
Question: Based on the articles in the reading list, propose three (3) supply risk managementstrategies for Singapore. Please cite specific examples.
Article: Rice and the Climate Crisis 4/4: The significance of reducing food waste as climate change hits rice productionAdapted for academic purposes from: https://www.channelnewsasia.com/singapore/rice-and-climate-crisis-significance-reducing-food-waste-climate-change-hits-rice-production-2572866SINGAPORE: Food wastage has been in the crosshairs over the past few years, amid Singapore’s broader ambitions to become zero-waste.And it's an issue that will become more salient as climate change continues to hit global food production.9In 2021, Singapore generated 817,000 tonnes of food waste, a jump from the 665,000 tonnes in 2020, according to data released by the National Environment Agency this week.Despite years of campaigns, more public education is still needed, said Professor Paul Teng, Adjunct Senior Fellow (Food Security) in the S Rajaratnam School of International Studies.“The proposed saving techniques are already well known and rolled out – buy and cook only what you need,…
Thailand wants rice pricing deal with Vietnam for 'bargaining power' Academic adaptation from: https://www.channelnewsasia.com/business/thailand-seeks-rice-price-pact-vietnam-boost-bargaining-power-2711736?cid=internal_mcdrecs_04072022_cna#mdcrecs_s BANGKOK: On Friday (27 May), a Thai government official said Thailand and Vietnam are in talks to raise rice export prices to gain global market leverage and boost farmer incomes.
Thai and Vietnamese agriculture authorities, the world's second and third largest rice exporters, met in Bangkok on Friday to explore ways to support their farmers and rice sectors and control rising production costs. Thai government spokeswoman Thanakorn Wangboonkongchana said, "We aim to raise rice prices, increase farmer income and increase bargaining power in the global market," after talks at a farm expo. "The rice price has been low for more than 20 years while the cost of production has been increasing." Pricing increases were not immediately addressed by…
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Crafting & Executing Strategy: Concepts (standalone Book), 22nd Edition
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