Sharing Economies in Supply Chain Management

23W SCM 105 - Assignment #1

The sharing economy is allowing firms to pool resources, products, and services in ways that create new markets and market opportunities. All your answers should be about this company (Crowdmed). Please reference your sources in APA format.

Question 1) Please describe the company and what products or services that they offer. For the company that you choose, who are their competitors and explain how traditional markets are being disrupted by these sharing economies (for example the comparison of AirBnb vs. Hotels or GoFundMe vs. Banks)? (5 marks)

Question 2) Have you or friends used this company (or a similar company offering the same services) and what was your experience like? If you haven't would you be willing to try it and why? (5 marks)

Question 3) How is this company using social media and technology to grow their business? What are the platforms that they are using and how are they using them? (5 marks)

Question 4) What sorts of legal risks is this company exposed to? Conduct research online and identify examples of incidents that have occurred with this company or other risks that have been identified. (ie. lawsuits, criminal cases, etc...) (5 marks)

Question 5) What measures has this company taken to reduce safety risks? If you can't find concrete examples, what would be some potential safety risks that could exist? (ie. is there any danger to those offering the service or those using the service)