Supply Chain Management

Supply Chain Management. Iqra. Ajwad. Mahnoor. Hoang.

Intro to Supply Chain. Supply Chain is the process of how everyday goods get manufactured and the pathways it takes for it to get to the cosummer..

Current Issues with Supply Chain. Labor shortages Component shortages Demand for common goods spiked Shipping delays Covid 19 sparked production problems.

Cultural Diversity. Logistics providers are responsible for the movement of goods and face different challenges in each region where the good are moved. Language barrier Efficient movement of the products Respecting other cultures and having patience Working in multicultural teams will improve global decisions. Culture must be respected and accepted when working in the global environment in order to avoid the “cultural complexities that can throw even the best managed global supply chains an unexpected curveball”.

Cost of Production. Disruption of raw materials can cause the producers to reduce their production volume so they can run sustainably High cost of fuel has been on the rise that affects transportation Surge of Covid-19 impacted firms’ cost and prices, causing more difficulties.

Reasons for the Problem. Due to the Covid 19 pandemic, which caused majority if not all manufacturing to come to a sudden halt. This issue setback all of the world from not being able to receive goods for over a year. The lack of goods being manufactured and delivered caused a sudden spike in demand for common goods..

Conclusion. In determination, supply chain management is the essence of organizations. There are many gains and losses in this industry however, the industry is relatively significant to the fact that it promotes outstanding customer relations, management, and resources. With the current issues going on due to the global pandemic such as supply shortages, delayed shipping, and increased pricing. The solution to all these conflicts is a promising management organization that can update customers, stay honest, keep track of stock, and increase inventory when possible..