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