All supply chain activity involves some degree of risk. Identify six potential sources and causes of risk in global supply chains.

Risk is inherent in all supply chain activities. Identify six

The complexity of globalized supply networks makes them particularly susceptible to risk. Risks in global supply chains can come from a variety of sources.

1) Natural Disasters: When natural disasters, such as earthquakes or floods occur, they can cause major delays by destroying infrastructure and disrupting transport routes.

1) Political instability. Changes to government policies or regulations can have an impact on the international market, leading to potential losses due either in currency fluctuation or new tariffs being placed on specific products/services.

Communication problems: Poor information exchange between parties can cause significant delays in the coordination of activities among multiple countries. It also increases the possibility that wrong decisions are made based on incorrect data.

The social issues are: 4) Rising costs of labor or lack of skills required to produce products may cause suppliers to have difficulty in meeting customer demands, resulting in deliveries not being completed on time. This could lead overall disruptions.

Cybersecurity Threats: Due to the increasing digitization, malicious actors are more likely to try and gain access information that belongs businesses. If they succeed in this attempt it could be a grave threat not only for companies but also those employed by them.

6) Supply & demand shifts: Rapid changes amount demand for certain products/services could catch companies by surprise leaving them unable properly adjust their strategies order cope with situation thus resulting financial losses overall.