Understanding the Global Supply Chain and Its COVID-19 Disruptions

The video explains the global supply chain, highlighting its importance and the disruptions caused by COVID-19. It details the five steps of a supply chain using jeans as an example, covering resource collection, material creation, product assembly, distribution, and logistics. The video emphasizes the complexity and interdependence of these steps and the role of logistics in maintaining a smooth supply chain.

What major event highlighted the vulnerabilities in the global supply chain?

• The invention of the internet

• The COVID-19 pandemic

• The 2008 financial crisis

• The rise of e-commerce

What is the first step in the supply chain process for a pair of jeans?

• Assembling the materials

• Collecting natural resources

• Selling to the customer

• Transporting the finished product

Which of the following is NOT a step in the supply chain process?

• Turning resources into materials

• Transporting the finished product

• Advertising the product

• Collecting natural resources

What role do logistics play in the supply chain?

• They design the product packaging

• They are responsible for marketing the product

• They manage customer service

• They handle the transportation, warehousing, and distribution of products

Why might products require storage in warehouses during the supply chain process?

• To reduce transportation costs

• To improve their quality

• To wait for the next stage of the process

• To increase their value