What are some risks associated with supply chain?

[Good-Person]

Supply chain is a very complicated process. It involves the stages where a product gets manufactured and ends up in the hands of consumer. Since this process is complex, there are many difficulties associated with this process. This means that there are certain risks attached to it. So, what are they? How can they be eliminated?

 

[Nomad]

A lot of companies or individuals work to get the product from the manufacturer and make it available to the consumer. These people and individuals are part of supply chan. If the chain breaks, there will be a disruption of the supply. As a business, your major risk is being too depended on a particular supplier.

 

[Good-Person]

A lot of companies or individuals work to get the product from the manufacturer and make it available to the consumer. These people and individuals are part of supply chan. If the chain breaks, there will be a disruption of the supply. As a business, your major risk is being too depended on a particular supplier.

Yes, creating a successful chain of supply of products is very crucial. However, many monopolistic business usually limit the supply of certain kinds of products deliberately in order to increase the demand of the product, including products that are already have a high demand. This leads to creation of black market.