Question.5198 - Based on Chapters one and two reading, analyze the events prior to financial meltdown of 2008. What are the causes of this event? Use a research format template (Introduction, Statement of Problem, Root Cause Effect, Proposed Solution, Data Requirement, Anticipated Results, Conclusion) and a flowcharting scheme, list the order of events. Utilize the definitions and concepts of supply chain risk management, and offer a strategy for company preparedness for similar events.
Answer Below:
IntroductionModern commerce was shaped by the 2008 global financial crisis in a way never seen before. It exposed the inherent risks in global supply...
IntroductionModern xxxxxxxx was xxxxxx by xxx global xxxxxxxxx crisis xx a xxx never xxxx before xx exposed xxx inherent xxxxx in xxxxxx supply xxxxxxx and xxxxxxxxx systems xxxx could xxxx true xxxxxx times xx financial xxxxxxxx with xxx deeply xxxxxxxxxxxxxx vulnerabilities xxxxxxx its xxxx head xxxxxxxx and xxxxx in xxxxx book xxxxxx Chain xxxx Management xx Emerging xxxxxxxxxx explain xxx broad xxxxxxxx threats xxxx those xxxxxxxxx from xxxxxxxxx stability xxx affect xxxxxx chains xxxxx work xxxx the xxxxxxxxxx for xxxxxxxxxx Supply xxxxx Risk xxxxxxxxxx SCRM xx an xxxxxxxxx facet xx an xxxxxxxxxxxx s xxxxxxxxxx one xxxx was xxxxxxx underdeveloped xxx overlooked xxxxxx the xxxxxx The xxxxxxxxx crisis xxx not xx isolated xxxxx that xxxxxxxx due xx several xxxxxxxxx errors xxx was xxxxxx by xxxxxxxx failures xx all xxxxxx Failing xx see xxx anticipate xxxx not xxxxxx a xxxxxxxxxxx plan xxx adverse xxxxxxxx conditions xxx fragile xxxxxxxxxxxxxxx across xxxxxx supply xxxxxxxx Several xxxxxxxxxx like xxxxxxxxxx manufacturing xxxxxxxxxxx and xxxxxx along xxxx the xxxxxxxxxx companies xxxxxxxxxxx a xxxxxx of xxxxxxxx all xxxxxxx of xxxxx inability xx anticipate xxx absorb xxxxxxxxxxxxx shocks xx that xxxx As x result xxxx of xxxx were xxxx unable xx fully xxxxxxx from xxx disaster xx enormous xxxxxxxxx Statement xx ProblemThe xxxxxx in xxx financial xxxxxx was xxxxxxxxxxxx by xxx unchecked xxx unhealthy xxxxxxxxx practices xxxx lending xxxxxxx particularly xx the xxxx of xxxxxxxx mortgages xxxxx carried x high xxxx and xxxxxxxxx were xxxxxxxx to xxxxxxx loans xxxx without x properly xxxxxxxxx their xxxxxxxxxxx and xxxxxxxxxxxxxxxx Complex xxxxxxxxx instruments xxxx mortgage-backed xxxxxxxxxx MBS xxx collateralized xxxx obligations xxxx among xxxxxx were xxxxx using xxxxx these xxxxx were xxxxxxxxxxx Investors xxxxxxxx could xxxx purchase xxxxx instruments xxxxx in xxxx expanded xxx reach xx high-risk xxxxxx beyond xxx United xxxxxx borders xxx banking xxxxxx These xxxxxxxxxx saw x sharp xxxx in xxxxx at xxx peak xx the xxxxxxx crisis xxxxxxxxxxx with xxxx prices xxx surging xxxxxxx rates xxxxx harmful xxxxxx penetrated xxxxxxx financial xxxxxxxxxxxx which xxxxx to xxxx as x result xx being xxxxxxxxxxx The xxxxxxx point xxx the xxxxxx Brothers xxxxxxxx in xxxxxxxxx which xxxxxxxxx a xxxx total xxxxxx in xxxxxx credit xxxx the xxxxx faced x full-scale xxxxxxxxx and xxxxxxxx crisis xxxx its xxxxxx beginnings xx a xxxxxxx market xxxxxxx If xxxx were xxx enough xxxx credit xxxxxx had xxxxxx consequences xx far xx the xxxxxx chain xx considered xxxx Cause xxxxxxxxxxxxxxxx large xxx small xxxxxx t xxxxxxx the xxxxxxxxx capital xxx supporting xxxxx operations xxxx purchasing xxx materials xxxxxx employees xxxxxxxxx for xxxxxxxxx and xxxxxx vendors xxxx liquidity xxxxxxxxxxx rapidly xxxxxxxxxx engulfed xxxxxxx small xxx medium-sized xxxxxxxxxx SME xxxxxxxxx who xxxxxxxxx depended xx credit xxxxx to xxxxxx cash xxxx for xxxxxxxx their xxxxxxxxxx The xxxxxx effects xx this xxx felt xxxxxx global xxxxxx Schlegel xxx Trent xxxxxx this xxxxxxxxxxxxxxxxxx as xxx double-edged xxxxx of xxxxxxxxxxxxx meaning xxxx one xxx supplier xxxxxxx to xxxxxxx the xxxxxxxxx parts xxxxx bring xxxxxxxxxx to x grinding xxxx across xxxxxxxxxx The xxxxxxxxx crisis xxx automotive xxxxxxxxxxxx like xxxx and xxxxxxx Motors xxxxxx shutdowns xxxxx critical xxxxx were xx short xxxxxxxxxxxx Retailers xxxx unable xx replenish xxxxxx and xxxxxx in xxxxxxxxxx customer xxxxxx The xxxxxxxxx system xx just-in-time xxx inventory xxxxxx did xxx allow xxx disrupting xxxxxxxxxx This xx because xxxx were xxxxxxxx keeping xxxxx scenarios xx mind xxxx lean xxxxxxxxxx and xxxx efficiency xxxxx be xxxxxxxxxx by xxxxxxx down xx superfluous xxxxxxxxxxx As xxx demand xxxxxxxxx and xxxxxxxxxxxx saw x delay xxx to xxxxxxxx bottlenecks xxxxxxxxx lack xx preparation xxx exposed xxxxx the xxxxx of xxx crisis xxxxxxx and xx Schlegel xxx Trent x book xxxx this xxxx argument xx envisioning xxx managing xx supply-chain xxxx as xxxxxxxxxx and xxxxxxxxxx through xxxxxxxxxxxxxxxxxxx By xxxxx the xxxxxxxxx of xxxx the xxxxxxxxxx causes xx the xxxxxx is xxxx to xx multifaceted xx includes xxxxxxxxx risk xxxxxxxxxxxxxxx risk xxx regulatory xxxx being xxxxxxxxxxx due xx a xxxxxxx in xxxxxxxx strategically xx relying xx overleveraged xxxxxxxxxxxx and xxxxxxx excessively xx short-term xxxxxx financial xxxx increased xxxxxxx to xxxxxxx and xxxxxxx sources xx credit xxx lending xxxxxxxxx led xx regulatory xxxx Perhaps xxx most xxxxxxxxxxx of xxx was xxx being xxxx to xxxxxxxxx how xxxxxxxxx institutions xxxxxxxxxx would xxxxxxx all xxx partners xx the xxxxxx chain xx in xxxxx words xxx interdependency xxxx Lastly xxxxxxxxxxxxx were xxxx to xxxx vulnerable xxxxxxx responsive xxxxxxxxx in xxxxx Schlegel xxx Trent xxxxx that xxxxx types xx risks xxxxxxx to xx proactively xxxxxxxxx and xxxxxx for xxxxxx to xxx contingency xxxxx into xxxxx Unfortunately xxxx companies xxxx short xxxxxxx in xxxxxxxxxxxx efficiency xx minimizing xxxxx as xxxxxxx to xxxxxxxx resilient xxxxxxx This xxxx disruptions xxxxxx their xxxxxxxxxx significantly xxxxxxxx SolutionIn xxxxxxxx preparing xxx similar xxxxxxxxxx in xxx future xxxxxxxx a xxx preparedness xxxxx the xxxxxxxxx risk xx the xxxxxx financial xxxxxx with xxx proliferation xx companies xxxxx companies xxxx map xxx track xxxxxxxxxx suppliers xx real xxxx by xxxxxxxxx in xxxxx that xxxxxx supply xxxxxx to xx visible xx all xxxxx Failures xxx be xxxxxxxxxxx during xxxxxx by xxxxxxx the xxxxxx of xxx Tier xxx suppliers xxxxxx macroeconomic xxxxxxxxxx like xxxxxxxxxx devaluation xx currency xxx capital xxxxxxxxx can xx better xxxxxxxxx for xx planning xxx different xxxxxxxxx and xxxxxxxxx simulation xxxxxx to xxxx stress xxxxxxxxxxxx capacity xxxxxxx aforementioned xxxxxxx Third xx must xxxxxx a xxxxxxxx industry xxxxxxxx to xxxxxxx financial xxxxxx of xxxxxxxxx and xxxxxxxxx to xxxx procurement xxxxxxxxx based xx credit xxxx data xxxxx considering xxxxxxxx continuity xxxxxxxxxx Fourth xxxxxx based xxxxxx be xxxxxxxxxxx by xxxxxxxx on xxxxxxxxx regions xx reduce xxxxxxxxx dependence xx certain xxxxxxxxxx and xxxxxxxxx regions xxxxxxx by xxxxxxxx cross-functional xxxx councils xxxx comprises xxxxxxxxxxxxxxx from xxxxxxxxxxx logistics xxxxxxx IT xxx legal xx is xxxxxxxx to xxxxxxxxxx across xx enterprise xx terms xx monitoring xxx making xxxxxxxxx to xxxxxxx during xxxxxxxxxxx Data xxxxxxxxxxxxxx implementing xxxx tracking xxxxxxxxx inventory xxx logistics xxxxxxxxx health xx suppliers xxxxxx in xxxxxxxx demand xxxxxxxxxxxx situation xxx macroeconomic xxxx feeds xx essential xxxx is xxxx required xxx all xxxxx fields xx is xxxxxxxx to xxxxxx integrated xxxxxxxxxx that xxx powered xx AI xxx predictive xxxxxxxx to xxxxxxx early xxxxxxxx From xxxxxx recovery xxxx shocks xxxxxx trust xxxxxxx stakeholders xx gaining xxxx strategic xxxxxxxxx all xxxxxx an xxxxxxxxxxx of xxxxxxxx in xxxxxxx through xxxx a xxxxxxxxx Stepping xxxx from xxxxx reactive xxx into xxxxxxxxxx allows xxx company xx proactively xxxxxxx unpredictability xxxxxxxx operations xxx disturbed xxxxxxxxxxx resultsCompanies xxx manage xxxxxx chain xxxx and xxxxxx more xxxxxxxxx against xxxxxx disruptions xx implementing xxxx practices xxxx involves xxxxxxxx time xxxxx to xxxxx to xxxxxx lowering xxxxxxxx costs xxx preventing xxxxxxxx continuity xxxxxx Firms xxxx a xxxxxxxxxxx advantage xxxx their xxxx prepared xxxxxxxxxxx by xxxxxxxxxxxxx predicting xxxx into xxxxx operations xxxx works xx increasing xxxxxxxxxx among xxxxxxxxxxxx like xxxxxxxxx customers xxx regulators xxxx time xxxxxxxxx by xxxxx a xxxx developed xxxx program xxx move xxxxxx just xxxxxxxxx to xxxxxxxx competing xx a xxxxxxx disruptive xxx uncertain xxxxx ConclusionHence xxx shortcomings xx the xxxxxxxxxxx approach xx risk xxxxxxxxxx surfaced xxxxxx the xxxxxxxxx crisis xxxx impacted xxxxxx chain xxxxxx as xxxxxxxxxxx in xxxxxxxx and xxxxx s xxxx wherein xxxx call xxx SCRM xx transform xxxx a xxxxxxxxx imperative xxxx a xxxx operational xxxxxxxx An xxxxxxxxxxxxxx future xxxx be xxxxxx successful xxxx when xx can xxxxxxxx systemic xxxxxxxxxxx shocks xxxx appropriate xxxxxxxxxxxxx for xxx recovery xxxx disruptions xxxx a xxxxxxxx or xxxxxxxxxxxx tension xxxx are xxxxxxxxxxxxxxx with xxxx Major xxxxxxxxxxx lapses xxxx revealed xx the xxxxxx apart xxxx a xxx financial xxxxx These xxxxxxx are xxxxx relevant xxxxx a xxxxxx and x half xx teaches xx that xxxxxx chain xxxxxx must xxxxxxxxxxx resilience xx its xxxxxxxxxxxx pillar xxx risk xxxxxxxxxx remains x real-time xxxxxxxxx across xxxxxxxxxxx through xxxx analytics xxxxxxxxx Sequence xx Events xxxxxxx to xxx CrisisLax xxxxxxxx Lending xxxxxxxxxxxxxx of xxxxx Assets xxxxxxx Bubble xxxxxx Collapse xx Financial xxxxxxxxxxxx Lehman xxxx Stearns xxxxxx Credit xxxxxx and xxxxxx Panic xxxxxxxx Credit xxxxx Frozen xxx Insolvency xxxxxxxxx Supply xxxxx got xxxxxxxxx Technology xxxxxx Automobile xxxxxx Demand xxxxxxxx and xxxxxxxxxxx Downscaling xxxxxxxxx loss xx jobs xxx Long-Term xxxxxxxx consequencesReferenceChristopher x Logistics xxxxxx chain xxxxxxxxxx th xx Pearson xxxxxxxxx
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