1. the content is "Supply Chain Risks and Risk management".

you should find it into the content of

the course. Please read through them and discuss it a bit among each other if you are now as a
group.
2. There will be a lab assignment on the subject: I will create the Dropbox folder in the assignment
for it and it's due by the end of Sunday and this assignment is per BCP team. Each team does
research and selects one business article related to either supply chain risk or supply
chain risk management. Write a summary of the article and related this back to the lecture
note, and reason of your selection of it.

Article: https://www.supplychaindive.com/news/shortages-2023-outlook-food-semiconductor-
pharmaceuticals-lithium-evs/640587/

About the article:

The article mentions about the recent constraints with the supply chain and how those events
affected different industries and the global situation in general.

For example, the Ukraine war challenges wheat production and distribution. Also, supply chain
disruptions and inflationary pressures in the food industry are likely to continue due to labor
shortages, shipping disruptions, and extreme weather events.

The increased demand for electric cars has also contributed to the challenges within the chain.
The main component of the vehicles is the lithium batteries, whose prices spiked over the last
few years. The price rise of the joint demand directly increases the prices of finished goods.

The article also mentions the recent spikes in respiratory children's illnesses that raised the
demand for children's fever relievers. This has pressured the supply of medicines that, as some
experts believe, lead to severe and life-threatening consequences.

Reason for the choice:

The reason for choosing this article is that it is important to understand the root cause of why
the supply chain is at risk and in order to know the structure of the management as well. The
year that these particle stages are specific is 2022 and the risk of this problem leads to today’s
situation. This article does not focus only on one particular area of supply chain issues but also
includes the areas that are important such as food, agriculture supply, electricity, and children’s
health. The varied cover of this article makes it remarkably interesting and also important in
terms of understanding the causes of supply chain risk that happens in today’s world.
Significance of the case:(regional conflicts, over all economic slow down, natural disasters)

This case signifies in regional conflicts, overall economic slow down, and natural disasters. For
example, regional conflicts between Ukraine and Russia was mentioned to explain how food
shortage has occurred from the conflict. Also, natural disaster such as drought in California
worsened the situation of food shortage causing inflation; accelerating the overall economy to
slow down. This case has informed on how multiple factors can lead to economic slow down
and how people are impacted by it.