Supply-Chain Risks
1. Discuss a recent example of an unknown-unknown risk that proved damaging to a supply chain. Explain specifically how each of the following strategies might have mitigated this risk:
a. Invest in redundancy.
b. Increase velocity in sensing and responding.
c. Create an adaptive supply chain community.
2. You are the CEO of a small electronics manufacturing firm that is about to develop a global strategy. Would you prefer a speculative, a hedge strategy, or a flexible strategy? Would your answer to this question change if you were the CEO of a large electronics firm?
3. Discuss some examples of regional products and of true global products. What is it about the products that makes them better suited to being regional or global products?