The purpose of this assignment is to understand current challenges to international trade in the context of
Question:
The purpose of this assignment is to understand current challenges to international trade in the context of COVID_19 pandemic/ Russia-Ukraine war and to identify the practices to reduce or eliminate the challenges. You are required to demonstrate in-depth understanding and analysis of the give topic by including challenge background, how this challenge will affect the Australian trade with other countries, and recommendations to reduce or eliminate the challenge.
the topic is: Supply chain transparency
COVID-19 pandemic/ Russia-Ukraine war has caused major disruptions in supply chains forcing managers to act swiftly to mitigate the risks. The speed and the efficacy of the action taken by the manager depends on the visibility in the supply chain. Too often, managers are leading in blind. In the past, lack of transparency in a company's supply chain with no visibility to suppliers is considered to provide competitive advantage as no one is unable to build identical products. However, this has led to severe consequences as there is not enough accountability and data transparency to show how best to improve supply chains. In Australia, lack of transparency in supply chain became a major issue as many Australian firms are at the far end of the supply chain. Too many brands in Australia are exposed as unreliable, wasteful, environmentally unfriendly, or unethical. Against this background, it is important to investigate the transparency issues in supply chains. Interruptions to supply Sustainability issues Forecasting issues