Podcast
Questions and Answers
Which of the following is NOT an example of how social factors can impact supply chain relationships?
Which of the following is NOT an example of how social factors can impact supply chain relationships?
- Consumer awareness and expectations
- Cultural differences
- Labour practices (correct)
- Transparency in sourcing
What is the importance of understanding cultural differences in a global supply chain?
What is the importance of understanding cultural differences in a global supply chain?
- To ensure effective communication and negotiation
- To avoid misunderstandings
- To build strong relationships
- All of the above (correct)
Why is it important for companies to work closely with their suppliers to ensure ethically sourced and produced products?
Why is it important for companies to work closely with their suppliers to ensure ethically sourced and produced products?
- To avoid negative publicity
- To improve supply chain efficiency
- To comply with legal regulations
- To meet consumer demands (correct)
Which economic factor can significantly impact the cost of materials in a supply chain relationship?
Which economic factor can significantly impact the cost of materials in a supply chain relationship?
What can a company do to manage the increased cost of goods sold due to rising inflation?
What can a company do to manage the increased cost of goods sold due to rising inflation?
Which government economic policy can make a supplier less competitive and prompt the need to find alternative suppliers?
Which government economic policy can make a supplier less competitive and prompt the need to find alternative suppliers?
Which environmental factor can disrupt supply chains, such as in the case of coffee production?
Which environmental factor can disrupt supply chains, such as in the case of coffee production?
Which of the following is NOT an example of how technological factors can impact supply chain relationships?
Which of the following is NOT an example of how technological factors can impact supply chain relationships?
Which of the following is NOT a cultural aspect that can influence supply chain relationships?
Which of the following is NOT a cultural aspect that can influence supply chain relationships?
What is one way changing consumer trends can affect supply chain relationships?
What is one way changing consumer trends can affect supply chain relationships?
How can health and safety concerns affect supply chain relationships?
How can health and safety concerns affect supply chain relationships?
