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Supply Chain Disruption Management
20
Flashcards
0/20
Natural Disasters
Emergency response plans and diversification of supply sources
Cyber Attack
Implement cybersecurity measures and incident response plans
Demand Fluctuations
Adopt a flexible supply chain and adjust inventory levels
Supplier Insolvency
Conduct financial assessments and have alternative suppliers
Trade Restrictions
Compliance with trade regulations and re-routing supply chains
Geopolitical Instability
Political risk insurance and supply chain mapping for risk exposure
Transportation Failures
Invest in logistics redundancy and real-time cargo tracking
Labor Disputes
Effective labor-management relations and contingency workforce planning
Regulatory Changes
Regular legal reviews and adaptive compliance processes
Raw Material Shortages
Long-term contracts with suppliers and investing in alternative materials research
Port Congestion
Flexible shipping routes and inventory decentralization
Product Recalls
Quality control systems and effective recall management plans
Price Volatility
Hedging strategies and long-term supply agreements
Supply Chain Visibility
Investment in digital technologies and analytics
Change in Consumer Preferences
Agile supply chain and strong R&D capabilities
Inventory Mismanagement
Advanced inventory optimization tools and regular audits
Counterfeit Products
Anti-counterfeiting technologies and brand protection strategies
Technological Disruption
Continuous innovation and skilling-up workforce
Pandemic Outbreak
Business continuity planning and diversifying the workforce
Environmental Regulations
Sustainable supply chain practices and eco-friendly product development
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