Question
Imagine that the Hershey Companys commodity team just discovered a new cocoa bean from Bolivia that they would like to source for their new chocolate
Imagine that the Hershey Companys commodity team just discovered a new cocoa bean from Bolivia that they would like to source for their new chocolate bar. Of course, there are tremendous risks associated with sourcing supply from such a remote region of the world. What ways can Hershey mitigate these risks?
a. Use third party intermediaries who can help Hershey with Bolivian trade laws
b. Go through a what if exercise and build a contingency plan
c. Identify and secure more than one harvester for this product
d. Add some additional safety stock in the warehouse to act as buffer stock
e. All of the above
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