As the start-up company group refines the plans for its product launch, they are noticing ongoing changes

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As the start-up company group refines the plans for its product launch, they are noticing ongoing changes in the global supply chain. The start-up has only one manufacturing site at this time.

Please provide a thorough explanation of the following:

What can they do to mitigate the risk of a sole site?

Does the risk outweigh the reward in this situation? Why or why not?

Related Book For answer-question

Operations Management Managing Global Supply Chains

ISBN: 978-1506302935

1st edition

Authors: Ray R. Venkataraman, Jeffrey K. Pinto

See More Books

Posted Date: Jul 12, 2023 02:50 AM

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As the start-up company group refines the plans for its product launch, they are noticing ongoing changes

Question:

Expert Answer:

To mitigate the risk of relying on a sole manufacturing site the startup company group can consider the following strategies 1 Diversify suppliers The... View the full answer

Operations Management Managing Global Supply Chains

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