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How could furniture retailers manage global supply chain risks by utilizing INCOTERMS?

ASSIGNMENT

Chapter 12 is titled “Global Sourcing” and includes the following topics:

  • Trends in global sourcing
  • Risk management
  • Global sourcing strategies
  • Incoterms

Wall Street Journal, “Apple Supply Crunch on Premium iPhone Threatens to Derail Record Sales Run,” Link: https://www.wsj.com/articles/apple-supply-crunch-on-premium-iphone-threatens-to-derail-record-sales-

run-11668084646?mod=Searchresults_pos1&page=1

Links to an external site.

Wall Street Journal, “Ford and Mercedes-Benz Formally Exit From Russia,” Link: https://www.wsj.com/articles/ford-and-mercedes-benz-formally-exit-from-russia-11666810216?mod=Searchresults_pos19&page=1

Links to an external site.

SupplyChainBrain, “Furniture Sales Disrupted by the Pandemic? It’s Rentals to the Rescue,” Link: https://www.supplychainbrain.com/blogs/1-think-tank/post/36037-furniture-sales-disrupted-by-the-pandemic-its-rentals-to-the-rescue

Links to an external site.

Please read the assigned materials before answering the questions below.

Questions ————————————————————————————

  1. How could Apple develop a sourcing strategy to manage supply chain disruptions for the iPhone 14?
  2. What could Ford or Mercedes-Benz do to address the disruptions created by the Russian invasion of Ukraine?
  3. How could furniture retailers manage global supply chain risks by utilizing INCOTERMS?
  4. Provide an insightful question about INCOTERMS. Why is this an important question?

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