Question Three Examine the impact of the Russian Invasion of Ukraine on the key supply and logistics activities within organizations and supply chains. Assuming you are a purchaser in one of the two companies, identify approaches that you adopt in order to ensure continuity of operations within the plants Using the knowledge acquired in your risk management lecture, examine the impact of increased prices of fuel on the sustainability of retail and consumer product organizations.
RISK MANAGEMENT IN PURCHASING/PROCUREMENT
CASE STUDY
A survey by Capgemini Research Institute found two-thirds (66%) of retail and consumer product organizations were changing their supply chain strategy following disruptions and shifts toward online shopping. Covid-19 was seen to be “a wake-up call” with over eight in 10 retail and consumer product organizations facing disruptions, and only 25% of retailers believing they had the agility needed to support “evolving business needs”. Over the years, disruptions have largely been caused by the Covid-19 that resulted in the closure of borders. This has been exacerbated by the Russian Invasion of Ukraine that started in February 2022. More challenges exist ahead with the current civil war in Sudan. These challenges expose retail and merchandise operations to several challenges, namely;
- Stock outs
- Delayed supplies
- Inflation
- Fuel prices continue to shoot up.
Required;
Question Three
- Examine the impact of the Russian Invasion of Ukraine on the key supply and logistics activities within organizations and supply chains.
- Assuming you are a purchaser in one of the two companies, identify approaches that you adopt in order to ensure continuity of operations within the plants
- Using the knowledge acquired in your risk management lecture, examine the impact of increased prices of fuel on the sustainability of retail and consumer product organizations.
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