Exam (elaborations)
TRL3709 ASSIGNMENT 5 SEMESTER 2 2024 (POSSIBLE SOLUTION)
- Course
- Logistics Strategy (TRL3709)
- Institution
- University Of South Africa (Unisa)
TRL3709 ASSIGNMENT 5 SEMESTER 2 2024 (POSSIBLE SOLUTION)
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TRL 3709ASSIGNMENT 5
SEMESTER 2
DUE DATE 21 OCTOBER
2024
, 1.1.
Macroeconomic Factors and Their Impact on Supply Chain Trends
1. Inflation
Impact on Supply Chain Trends:
Increased Costs: Rising inflation leads to higher prices for raw materials,
transportation, labor, and other operational expenses. This forces businesses to
adjust their pricing strategies and potentially reduce profit margins.
Inventory Management: As inflation increases, businesses may become more
cautious about holding excess inventory due to the risk of devaluation. This can lead
to more frequent and smaller replenishment orders, putting pressure on supply
chains to be more responsive.
Consumer Behavior: Inflation can affect consumer purchasing power, leading to
decreased demand for certain products or a shift towards lower-priced alternatives.
Businesses must adapt their product offerings and pricing strategies accordingly.
2. Economic Growth
Impact on Supply Chain Trends:
Demand Fluctuations: Economic growth can lead to increased demand for goods
and services, putting strain on supply chains. Conversely, economic downturns can
result in decreased demand and excess inventory.
Investment: During periods of economic growth, businesses may be more willing to
invest in supply chain improvements, such as new technologies or expanded
facilities. However, during economic downturns, investment may be curtailed.
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