Question: Operations management has traditionally focused on efficiency, while risk management is not always appreciated as being fundamentally important. The effects of COVID-19 on supply chains

Operations management has traditionally focused on efficiency, while risk management is not always appreciated as being fundamentally important. The effects of COVID-19 on supply chains has placed a spotlight on risk management. The purpose of this question is to connect and extend to flexible and resilient supply chains. Please read the following articles( 2 PDFs available for download at https://xfl.jp/y8VSle ) (i) What is the right supply chain for your product, Harvard Business Review; and (ii) A supply chain view of the resilient enterprise, MIT Sloan Management Review. After reading them, please answer the following questions:

a. What are the similarities and differences between resilience and flexibility? b. How do financial and operational hedging play a role in ensuring flexibility and resilience? c. How might risk management be related to sustainability?

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