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You work as the logistics manager for a Hong Kong-based medical equipment company that sells Finger Pulse Oximeters (FPOs) to European wholesalers. A FPO can be used to evaluate blood oxygen levels in COVID-19 virus-infected patients. The FPOs are manufactured in China's Guangdong province and shipped to Europe through container ships that pass through the Suez Canal.

1(a) You're considering storing your company's product inventory in a European warehouse. Suggest and describe THREE variables in various areas that your organization should examine when deciding where that warehouse should be located.

1(b) Explain TWO benefits and TWO drawbacks of using a PUBLIC warehouse in Europe for your organization.