Reflecting on the importance of adapting supply chains

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Reference no: EM133605871

Question: In the aftermath of the COVID-19 pandemic, the weaknesses in global supply chains were brought into sharp focus. Drawing on the article 'Global Supply Chains in a Post-Pandemic World' by Willy C. Shih, discuss the key vulnerabilities that were exposed and the steps that companies can take to make their supply chains more resilient without compromising their competitiveness. Provide specific examples of industries and technologies that can contribute to enhancing supply chain resilience. Additionally, explain the trade-off between offering a wide variety of products and maintaining capacity flexibility within supply chains. Conclude by reflecting on the importance of adapting supply chains for the new era while considering both global capabilities and resilience against future disruptions.

Reference no: EM133605871

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