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Short Answer (5 points each) 31. You are a young supply chain analyst for a company that sources ceramic components for industrial companies across the

image text in transcribed Short Answer (5 points each) 31. You are a young supply chain analyst for a company that sources ceramic components for industrial companies across the world. You have been tasked to analyze the company's risks regarding a small, but rapidly growing product line. 60% of this product's customers are located in the United States; 20% are in Europe and 20\% are in Asia. The product is manufactured by a single company at three locations. One in Egypt, one in the United States and one in Indonesia. All plants operate near capacity and your company buys about 35% of all output. A key raw material is mined only in Nigeria. The raw material is also found in Bolivia; due to rugged terrain - the raw material would cost nearly three times more if sourced from Bolivia. No other reserves have been discovered in the world. Your company has been experiencing growth with this product line at approximately 17% per year. It is highly profitable. a. Name two supply chain risks you find concerning about this scenario. b. Name one unlikely, but devastating, supply chain risk that you think could occur. This is also known as a "black swan" event. c. Identify the likely impact to your company of the three risks you identified. d. Briefly present strategies your company can economically employ to mitigate the risks that you identified

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