Course Objectives:
CO2: Evaluate the role of uncertainty in global supply chains
CO4: Summarize risk management strategies used in global supply chains
Prompt:
Every risk mitigation strategy addresses different types of risk and comes at a price but may also increase other risks. Provide an example of this and the effects this may have on mitigating risks and cost structures. How and when might this best be addressed by a company? In addition to reading your assigned resources for week 6, research online definitions for types of supply chain risks.