Suggest, and explain in detail, at least one mitigation strategy for transportation risk, inventory risk and procurement risk of Woolworths supermarket supply chain.

- Transportation risk is the changed delivery costs and transportation disruption and infrastructure failures, leading to other serious consequences in the supply chain (Wilson, 2007). The main transportation issue for Woolworths could be the increasing costs and delivery time led by Covid-19. The price of shipping containers has increased two or three times. The delayed delivery time will directly result in food damage and cause financial loss

- Inventory risk in the supply chain refers to risks that companies cannot manage within their own control, such as inventory carrying costs, uncertainty in demand and supply, and product value. As one of the Australian retailers, Woolworths' inventory turnover hit a five-year low of 8.7 times in June 2020, and as inventory turns lower, it increases inventory carrying costs

- Purchasing risk usually refers to the production or purchasing process that causes the entire production process, including exchange rate risk, product purchase price, and products purchased from a single source.