You recently joined a local company as strategic buyer for Rubber which is used in the day to day operations of your company. The contract for the supply of rubber has been awarded to another local supplier on a single source contract and this contract has been ongoing for the last 10 years. In this period there has been no issues from this supplier in regards to quality of goods supplied and delivery lead time. Recently, you have begun to receive reports from the various sites that there have been various delayed deliveries which is impacting production schedules. In your meetings with the supplier they have hinted you that they have been severely impacted by the Russian Ukraine war as a major material is procured from that region. As the buyer for this commodity,

what are the steps you would take to resolve this issue. Provide a proposed solution with detailed rationale for this decision