problem 1) Briefly describe each of the four principles of supply chain risk management and give the ex of each one. The four principles are listed below:
a. Everyone, without exception, is part of a supply chain.
b. No risk strategy is a substitute for bad decisions and a lack of risk consciousness.
c. Success is in the “details”.
d. People always operate from self-interest.
problem 2) Briefly describe in your own words what the three trends in supply chain risk mean. Then describe which one you believe is the most challenging to manage. Make sure to give the ex to support why the one you chose is so challenging. Below are the three risks:
b. Risk Paradigms
c. Demand-risk is more significant than supply-risk.