Strategies for Managing Risk in a Global Market

Several strategies can be proposed to manage supply chain risks in a global economy, and emerging from the case study two strategies in particular can be identified for mitigating risks in the textiles and clothing sector [Pg.150]

The globalisation of supply chains and the trends to outsourcing and offshore manufacturing in the search for low labour costs have paradoxically exposed businesses to new risks. For example the abolition of the Multi Fibre Agreement which has removed quota restrictions on low labour cost economies, has enabled those countries to increase their penetration of the market with cheaper imports thus increasing competition for UK manufacturers. [Pg.151]

J (2004) Supply Chain Risk in an Uncertain Global Supply Chain Environment, International Journal of Physical Distribution Sc Logistics Management, vol. 34, no. 9, pp. 695-697. [Pg.152]

Bhagwati, J (2004) In Defence of Globalisation. Oxford University Press. [Pg.152]

Braithwaite, A. (2003) The Supply Chain Risks of Global Sourcing. LCP Consulting Supply Chain Strategy and Trends - Globalisation.LCP Consulting Ltd. UK. [Pg.152]

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