Supply Chain Management Discussion Questions and Responses
Wall Street Journal article, “Companies Grapple With Post-Pandemic Inventories Dilemma,” Link: https://www.wsj.com/articles/companies-grapple-with-post-pandemic-inventories-dilemma-11636290000?mod=Searchresults_pos8&page=1 (Links to an external site.)
Wall Street Journal article, “When Will the Supply-Chain Strains Finally Ease?” Link: https://www.wsj.com/articles/when-will-the-supply-chain-strains-finally-ease-11636106400?mod=Searchresults_pos11&page=1 (Links to an external site.)
Wall Street Journal article, “Prologis CEO Sees Supply-Chain Strains Extending to 2023,” Link: https://www.wsj.com/articles/prologis-ceo-sees-supply-chain-strains-extending-to-2023-11635437626?cx_testId=3&cx_testVariant=cx_2&cx_artPos=0&mod=WTRN#cxrecs_s (Links to an external site.)
Please review the assigned materials before answering the questions below.
We have experienced an enormous impact on the economy from the Covid-19 pandemic in the United States. Risk identification is an essential part of developing strategies to manage and mitigate supply chain risks in the future. Using the Risk Assessment model in Table 11.1, please identify the two most likely supply chain risks for retailers in the United States over the next two years. Discuss the probability and consequences of each potential supply chain risk that you have identified.
According to the Wall Street Journal article, companies are evaluating the costs and challenges of inventory management. Many organizations have shifted from just-in-time to just-in-case strategies for inventory management. Which method will be most successful for automobile manufacturers and beverage companies in 2022? Why?
Please identify the two most crucial supply risks that Under Armour will face in 2022. Describe the best way for Under Armour to control each risk. Why?
Please provide an insightful question about supply chain risk management.