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Which of the following are possibilities of how the production of final products can be made more resilient when a massive shock like COVID-19 hits
Which of the following are possibilities of how the production of final products can be made more resilient when a massive shock like COVID-19 hits their operations? Multiple select question. Develop flexible design of the product so that the product can be produced using some other component in place of any component that is temporarily in short supply. Hold larger inventories of components needed as inputs in each step of the chain, to ride out temporary shortfalls of new production of that component. Move production back to country where the firm is headquartered or the country in which most of the final product is sold. Choose a single foreign location for each step in the supply chain to reduce the risk of relying on many foreign locations for that step
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