SCM S2 Risk Management & Resilience in Supply Chains

What does ‘risk mapping’ refer to in supply chain management?

• Forecasting demand using AI

• Visualizing inventory flows

• Graphically identifying potential vulnerabilities

• Mapping product lifecycles

• Allocating procurement budgets

Which of the following is a geopolitical risk?

• Supplier bankruptcy

• Natural disaster

• Civil unrest disrupting transport routes

• Machine failure

• Forecasting errors

The ‘risk probability & impact matrix’ helps companies:

• Lower their tax exposure

• Visualize shipping routes

• Prioritize threats based on likelihood and consequences

• Decide which products to promote

• Track warehouse efficiency

Tariffs are defined as:

• Taxes on exported goods

• Financial subsidies to domestic firms

• Government-imposed taxes on imports

• Market liberalization tools

• Exemptions for multinational corporations

Which was a major effect of the U.S.-China trade war?

• Decrease in e-commerce

• Shift of sourcing to countries like Vietnam

• Increase in oil production

• Decline in maritime shipping

• Elimination of customs

What is a ‘single-source failure’?

• A logistics routing error

• A failure in customer communication

• A disruption caused by overreliance on one supplier

• A software failure in ERP

• Misalignment in KPIs

Why are sanctions considered high-risk for supply chains?

• They reduce customer demand

• They slow down internal operations

• They can block access to key suppliers or markets

• They improve global trade efficiency

• They increase warehouse automation

What is the role of a digital twin in supply chain resilience?

• Physically storing backup inventory

• Encrypting supply data

• Virtually simulating the supply chain to test disruptions

• Handling customer service operations

• Generating shipping invoices

Which company successfully rerouted shipments during the Suez Canal blockage?

• IBM

• Tesla

• Maersk

• Samsung

• Huawei

What is a major benefit of nearshoring?

• Lower production cost

• Enhanced access to rare earth metals

• Reduced delivery lead times and geopolitical exposure

• Increased tax breaks

• Simplified product design