By outsourcing overseas, a company can reduce costs but must also take certain risks. Global supply chains are exposed to more risk today than ever before.
Use your module readings, the Argosy University online library resources, and the Internet to research the risks present in developing a global supply chain.
Then, respond to the following:
- Why is it important to consider uncertainty when evaluating supply chain design decisions?
- What are the major sources of uncertainty that can affect global supply chain decisions? Consider the financial, logistic, political, natural, cultural, and technological sources of uncertainty in your response.
- Explain the economic and social costs of deciding to move production overseas.