The UK voted to leave the European Union (EU) in June 2016. The departure of the UK from the EU is known as Brexit. While there is a lot of political discussion around Brexit, I'm more interested in what it means for procurement.
Take some time to read about Brexit online. You may need to read about the EU as well. Use the below link to read further about Brexit and garner some ideas. Please provide the links to your sources when you submit your assignment.
Careful not to plagiarize! Submit at least 2 pages double-spaced that discusses the below questions and includes topics that we've touched on in chapters 1-3.
While I'm not giving you a formal framework to work within, please be professional and conscious of grammar and spelling.
-How does Brexit affect international trade and procurement?
-How does Brexit affect supply management in the UK? Outside the UK?
-Which areas of supply chain are affected by needing to find new sources/suppliers? How are they affected?
-You may consider the below items from Chapters 1 and 2.
Challenges:
Supply Chain Management
Measurement
Risk Management
Sustainability
Growth and Influence
Effective Contribution to Organizational Success
Risk Management:
Operational Risk: Supply Interruptions and Delays
Financial Risk: Changes in Price
Reputational Risk
Managing Supply Risks
The Corporate Context