Which of the following strategies is most appropriate for managing unknown risks in a global supply chain?

Question

Quizplus · Accepted Answer

Investing in redundancy is the most appropriate strategy for managing unknown risks in a global supply chain. Redundancy refers to having backup suppliers or alternate sources of supply in case of disruptions in the supply chain. This can help mitigate the impact of unexpected events such as natural disasters, geopolitical instability, or supplier bankruptcy. While the other strategies (vertical integration, technology integration with suppliers, and strengthening supplier relationships) may help manage certain types of risks, they may not be effective in managing unknown or unpredictable risks.

Which of the Following Strategies Is Most Appropriate for Managing