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Supply Chain Questions
1. Risks to Modern global supply chain
External risks to modern global supply occur outside a company’s reach/ authority and
occur due to low or non-predictability. The most common external risk economic risks include;
environmental risks and geopolitical risks. Economic risks include cost fluctuations and currency
volatility (Walters, n.p). Environmental risks on the other side include natural calamities and
outbreaks and epidemics. Finally, geopolitical risks include political unrests, terrorism, and fraud
among others. Internal supply chain risks can be defined as risk factors within a firm’s
jurisdiction and happen due to the inappropriate methodology used or put in place. These include
but are not limited to: Substandard IT technology, Implementation challenges, Supplier
execution, Expertise, Supply system design.
2. Decisions made under certainty versus uncertainty.
The main difference lies in the outcome of the decisions that have been made. The results
of the decisions under ...
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