How does a hypercompetitive environment challenge those in an industry?

Firms have to commit to digital leadeHow can a global supply chain increase a firm$$s competitive advantage in an industry?

by eliminating the liability of foreignness

by providing the best and most inexpensive supplies

by improving the competitive output of workers

by reducing the number of $$shocks$$ to the supply chainrship.

Managers have to adopt a mindset that values flexibility.

Firms have to aggressively strengthen market position through performance.

Managers have to develop multiple strategies to compete.