19 December 2023

Reshaping the supply chain

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. According to a McKinsey survey, what percentage of manufacturing executives have seen increased revenues as a result of implementing AI in supply chains?

  2. Which of the following statements is correct? Statement 1, a re-evaluation of supply chain strategy should focus on reducing dependency on single sources. Statement 2, a re-evaluation of supply chain strategy should focus on prioritising resilience and cross-functional collaboration

  3. In carrying out a supply chain strategy risk assessment, which of the following vulnerabilities should be considered?

  4. What does 'friendshoring' refer to?

  5. Which government favours a 'friendshoring' approach to supply chain management?

  6. Which of the following statements is true? Statement 1, companies based in Europe are starting to move supply chains closer to home. Statement 2, more companies based in Europe are building trading partnerships with China

  7. What did the pandemic expose as a major issue in supply chains?

  8. What is a key way for companies to deal with supply chain issues?

  9. How should CFOs deal with the impact of inflation on supply chain costs?

  10. Why is the multihub model becoming more attractive to businesses?

1 unit