Good Lesson

It is clear from presentation that there are risks in supply chains systems based on interdependencies of components in the system. Risks must be assessed or identified and then managed as and when they come. It looks to me though that we can only manage what we can perceive, bankruptcy for example may not be perceived and therefore might provide a shock to a company depending on an upstream supplier. The Landrover example

The Video presentation is not appropriate. Stops after every minute

so impact on how natural and other production level risk bring effect on to supply

what may be other ways to cover this risk apart from insurance

It is however important to note that natural disasters and economic crisis could reduce production and thereby consequently affect supply.

THE risk management course is all about managing risks the way of doing business

Supply Chain risk is in fact the chances of mismatch between the supply of good and actual demand. By overcoming this gap one can get maximum output. This output is normally in the form of revenue generation, which automatically result into profit.

ok

It is clear from presentation that there are risks in supply chains systems based on interdependencies of components in the system. Risks must be assessed or identified and then managed as and when they come. It looks to me though that we can only manage what we can perceive, bankruptcy for example may not be perceived and therefore might provide a shock to a company depending on an upstream supplier. The Land rover example