Preparing For The Next Global Supply Chain Shock

The video discusses the need to redesign outdated supply chains to build resilience, especially in light of geopolitical tensions and the COVID pandemic. It highlights the importance of investing in supply chain resilience and provides examples of successful supply chains, such as in pharmaceuticals. The video emphasizes the natural course of economic development in maintaining supply chains and stresses the importance of preparing for uncertainty in global systems.

What is a key benefit of redesigning supply chains with a matrix approach?

• Better resilience

• Higher costs

• Reduced flexibility

• Increased complexity

What has been a significant challenge in managing supply chains recently?

• Lack of demand

• Excessive production

• Stable geopolitical environment

• Limited control over production issues

Which sector is highlighted as an example of a resilient supply chain?

• Textiles

• Automotive

• Agriculture

• Pharmaceuticals

What is a crucial perspective to adopt when looking at global supply chains?

• Viewing through a lens of uncertainty

• Ignoring potential risks

• Focus on short-term gains

• Optimism about the future

What is not dictated by policy decision makers in the context of supply chains?

• Production schedules

• Distribution channels

• Pricing strategies

• Establishment and maintenance