Describe some of the major shocks to the supply chain caused by the Coronavirus pandemic and Russia’s invasion of Ukraine. What supply chain lessons have been learned from either or both of these crisis?
1. What is meant by supply chain vulnerability?
2. Describe the four major types of supply chain risk and their impact
3. Describe supply chain resilience and how to improve it
4. How can technology reduce risk and improve resilience in the supply chain?
5. Review article titled “Supply Chains Become Self-Thinking” by Calatayud and Mangan on pages 259-261 then address the question on page 261 related to the potential pitfalls of this progression.
6. The United Nations Conference on Trade and Development (UNCTAD) provides some interesting metrics. Describe the following measures:
a. Container Port Connectivity Index (CPCI)
b. Linear Shipping Connectivity Index (LSCI)
c. Linear Shipping Bilateral Connectivity Index (LBCI)
Let’s break down the supply chain disruptions and lessons learned, along with the other key concepts.
Major Supply Chain Shocks:
- Coronavirus Pandemic:
- Demand Fluctuations: Sudden shifts in consumer demand (e.g., surge in PPE, drop in restaurant supplies) created imbalances.
- Production Shutdowns: Lockdowns and factory closures, particularly in China, disrupted manufacturing.
- Transportation Bottlenecks: Port congestion, flight cancellations, and border closures hampered the movement of goods.
- Labor Shortages: Illness and quarantine measures led to labor shortages across the supply chain.
Let’s break down the supply chain disruptions and lessons learned, along with the other key concepts.
Major Supply Chain Shocks:
- Coronavirus Pandemic:
- Demand Fluctuations: Sudden shifts in consumer demand (e.g., surge in PPE, drop in restaurant supplies) created imbalances.
- Production Shutdowns: Lockdowns and factory closures, particularly in China, disrupted manufacturing.
- Transportation Bottlenecks: Port congestion, flight cancellations, and border closures hampered the movement of goods.
- Labor Shortages: Illness and quarantine measures led to labor shortages across the supply chain.