Global Supply Chain Challenges
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Questions and Answers

What is one primary challenge that supply chains are currently facing?

  • Excess resources available for management
  • Increased transparency in supply chain operations
  • Global economic downturn and turbulent trade relations (correct)
  • Simplification of supply chain processes

    • What is a trend in supply chain management concerning resource optimization?

  • Focusing solely on increasing costs
  • Avoiding the use of technology in processes
  • Maximizing waste while minimizing productivity
  • Continuous optimization of raw materials and labor usage (correct)

    • Which issue reflects the need for supply chain restructuring?

  • Increased market stability
  • Successful integration of suppliers
  • Lack of strategies to manage risks (correct)
  • Enhanced supplier relationships

    • What is a consequence of geopolitical tensions on supply chains?

    <p>Restructuring traditional supply chains</p> Signup and view all the answers

    What does the trend towards eliminating waste in supply chains focus on?

    <p>Maximizing productivity and resource efficiency</p> Signup and view all the answers

    What has characterized the rapid change in supply chain management over the last decade?

    <p>Technological advancements and globalization</p> Signup and view all the answers

    Which aspect has compounded the perennial problems in managing global supply chains?

    <p>The reliance on reliable, low-cost suppliers</p> Signup and view all the answers

    How are firms expected to address resource optimization in the future?

    <p>By leveraging optimization of labor and raw materials</p> Signup and view all the answers

    What is a primary purpose of reconfiguring manufacturing facilities?

    <p>To respond to potential market scenarios.</p> Signup and view all the answers

    Which technology is primarily associated with creating physical objects from digital files?

    <p>3D printing.</p> Signup and view all the answers

    How do drones enhance supply chain management?

    <p>They are used for asset monitoring and delivery.</p> Signup and view all the answers

    What is meant by big data analytics?

    <p>Analysis of huge, rapidly growing datasets.</p> Signup and view all the answers

    Why is resilience crucial in global supply chains?

    <p>Due to increased frequency and intensity of risks.</p> Signup and view all the answers

    What is one way to achieve resilience in supply chains?

    <p>Designing agile supply chain networks.</p> Signup and view all the answers

    Which technology helps in linking records in a secure and timestamped manner?

    <p>Blockchain.</p> Signup and view all the answers

    What does reassessing supply chain risk entail?

    <p>Building resilient supply chains.</p> Signup and view all the answers

    What stance does Mexico take regarding Chinese investments?

    <p>Mexico wants to have access to both Chinese investments and the US market.</p> Signup and view all the answers

    What is a potential consequence if the US bans cars with Chinese made software?

    <p>Chinese exports to Mexico may increase.</p> Signup and view all the answers

    What characterizes the geopolitical situation involving China and the US?

    <p>Many countries pragmatically engage with both China and the US.</p> Signup and view all the answers

    What is a notable trend regarding US restrictions on Chinese imports?

    <p>They have resulted in increased Chinese exports to Mexico.</p> Signup and view all the answers

    Which factor influences Mexico’s strategy in international trade?

    <p>The desire for economic ties with both China and the US.</p> Signup and view all the answers

    What is a significant factor affecting USMCA re-negotiation?

    <p>Political relations with Mexico</p> Signup and view all the answers

    Which company's investment in the US is an example of Chinese car-manufacturing relevance?

    <p>Volvo/Geely</p> Signup and view all the answers

    What domestic challenge is highlighted regarding Mexico?

    <p>Political instability and corruption</p> Signup and view all the answers

    Which political factor may influence the future of USMCA?

    <p>The elected president of the US</p> Signup and view all the answers

    What broader risk is associated with geopolitical tensions?

    <p>Increased supply chain disruptions</p> Signup and view all the answers

    Why might USMCA compliance become a complex issue?

    <p>Differences in environmental regulations</p> Signup and view all the answers

    What factor is least likely to impact the future of Chinese automotive investments in the US?

    <p>Weather conditions in the US</p> Signup and view all the answers

    Which aspect is least related to supply chain infrastructure challenges?

    <p>Presidential election outcomes</p> Signup and view all the answers

    What is meant by sustainable practices in supply chain management?

    <p>Integrating sustainability principles into operations.</p> Signup and view all the answers

    How do geopolitical shifts affect global supply chains?

    <p>They can cause de-globalization and trade fragmentation.</p> Signup and view all the answers

    What is one outcome of the Sino-American trade war mentioned?

    <p>100 percent tariffs imposed on Chinese electric vehicles by the US and Canada.</p> Signup and view all the answers

    What is a critical component of corporate social responsibility?

    <p>Integrating ethical practices into business operations.</p> Signup and view all the answers

    What role does sustainability play in modern supply chains?

    <p>It is increasingly viewed as essential for long-term viability.</p> Signup and view all the answers

    What is trade fragmentation?

    <p>Isolation of supply chains due to political tensions.</p> Signup and view all the answers

    Which of the following best describes the impact of corporate social responsibility on supply chain management?

    <p>It encourages transparency and ethical sourcing.</p> Signup and view all the answers

    What can be a result of integrating sustainability principles in a business?

    <p>Enhanced brand reputation.</p> Signup and view all the answers

    Why are geopolitical challenges significant for companies expanding internationally?

    <p>They can lead to increased costs and operational risks.</p> Signup and view all the answers

    Which statement about the significance of sustainability in supply chains is correct?

    <p>Integrating sustainability can lead to improved resource management.</p> Signup and view all the answers

    Study Notes

    Global Supply Chain Challenges

    • Global supply chains face rapid change, resource constraints, and ongoing global economic issues.
    • Continuous resource optimization is a trend, including reducing waste and maximizing productivity.
    • Companies are restructuring supply chains, splintering traditional networks and adjusting manufacturing facilities to adapt to potential market shifts.
    • Technology plays a significant role in supply chain management, with the Internet of Things (IoT), 3D printing, drones, autonomous vehicles, big data analytics, artificial intelligence, and blockchain technologies impacting the field.
    • Supply chain resilience is crucial due to increasing risks and costs.
    • Businesses must re-evaluate supply chain risks and develop resilient strategies, such as agile networks, alternate sources, safety stocks, and adjusting production scale.
    • Sustainability is essential, with companies needing to integrate principles to conserve resources and promote corporate social responsibility.

    Geopolitics and BYD's Mexico Expansion

    • The US-China trade war is impacting global supply chains.
    • The US is implementing tariffs on Chinese electric vehicles and considering a ban on vehicles with Chinese-made software.
    • Mexico is positioned to benefit from Chinese investments but also wants access to the US market.
    • The US restrictions on Chinese imports have led to an increase in Chinese exports to Mexico.
    • Some argue that the global trade landscape is not entirely defined by two distinct geopolitical blocs, but rather countries engaging pragmatically with both China and the US.

    Mexico's Strategy

    • Mexico faces the challenge of balancing its trade relations with both the US and China.
    • Mexico's leverage in this dynamic is under scrutiny, considering the USMCA (US-Mexico-Canada Agreement) renegotiation, the impact of Chinese car-manufacturing investments in the US (e.g., Volvo/Geely in South Carolina), domestic challenges in Mexico, and the potential impact of the 2024 US presidential election.

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    SGM3 Global Supply Chains PDF

    Description

    Explore the complexities and transformations in global supply chains. This quiz delves into resource optimization, technology's impact on supply chain management, and the importance of resilience and sustainability in today's economic landscape. Test your understanding of the strategies companies are using to adapt to an ever-changing environment.

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