What is the difference between demand shock and supply shock


Problem

Discuss the impact of climate change to global supply chain by:

1. Giving an actual or potential supply chain disruption scenario and

2. Recommending which ISO Standard that would best suit in managing the climate change risks to the scenario you identified in (1) above.

3. What is the difference between demand shock and supply shock? Give an example of demand shock and an example of supply shock and how to mitigate the supply chain risks associated with both demand and supply shock in your examples.

4. What global supply chain practices contribute to pollution and global warming? What risk mitigation steps are being taken to avoid/ minimize supply chain disruption?

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Supply Chain Management: What is the difference between demand shock and supply shock
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