In purchasing and supply management areas, the sourcing strategy concepts of "on-shoring," "off-shoring," "re-shoring," and "near-shoring" are essential to know. Especially, recent business environments where severe political tensions emerge and the pandemic outbreak has questioned traditional supply chain management practices (e.g., globalization, lean systems, etc.) have made SCM managers pay more attention to those concepts. With that, please briefly explain the four sourcing strategy concepts and share your opinions on how sourcing strategies in the post-pandemic era would or should look like. Please focus on some of or all of the four sourcing concepts to support your arguments.

(1) briefly explain the concepts of the four sourcing strategies and

(2) discuss how sourcing strategies in the post-pandemic era would or should look like.

• The extent to which you explain the differences among the concepts of the four strategies (5 points)
• The extent to which you sufficiently discuss how sourcing strategies in the post-pandemic would or should look like (5 points)