UNDERSTANDING THE SUPPLY CHAIN ENVIRONMENT AND BEST PRACTICES FOR MANAGING RISKS IN TODAY’S COMPLEX ECONOMY

The objective of this paper is two-fold. Firstly, to inform the audience on the inherent risk of shortage of raw materials used to produce high-tech devices, sources and the different levels of stakeholders involved in the transformation process – all of which is a subset of the supply chain. Secondly, given that we live in a complex global economy within which changes are occurring rapidly, we need to develop an awareness of risks in our surrounding business environment and develop the skillset necessary to manage risks well.