Select a company that operates physical store(s) in Singapore and deals with local and/or international suppliers to get access to the products sold in the store(s). This company may or may not have an e-commerce platform.

(a) Show one (1) possible innovative solution that this company can invest in or adopt in its supply chain to remain competitive in the market. Give reasons to support your answer. (15 marks)

(b) What can be done to mitigate the risks of adopting the innovative solution you suggested in (a)? (10 marks)