This Team Challenge requires you to do a Research Paper on Managing Risk in Global Supply Chains, paying particular attention to how the coronavirus has affected and is affecting global supply chains....

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This Team Challenge requires you to do a Research Paper on Managing Risk in Global Supply Chains, paying particular attention to how the coronavirus has affected and is affecting global supply chains. You will start by choosing an industry and getting background information on it (e.g., which companies are the biggest players in), then analyzing a single company's current Supply Chain process, the commons risks it faces, the effects of the COVID-19 virus and how this low-probability event has affected them, and your recommendations going forward.




Industry: Retailing industry Company: Target Corporation This Team Challenge requires you to do a Research Paper on Managing Risk in Global Supply Chains, paying particular attention to how the coronavirus has affected and is affecting global supply chains. You will start by choosing an industry and getting background information on it (e.g., which companies are the biggest players in), then analyzing a single company's current Supply Chain process, the commons risks it faces, the effects of the COVID-19 virus and how this low-probability event has affected them, and your recommendations going forward. You are writing this paper from the perspective of an industry observer (e.g., a research team working for a publication like Forbes, the Wall Street Journal, or the Economist). You are taking a big-to-small (top-down) approach starting at the industry level (big) and then focusing on a specific company (small). 1. Critique the company's supply chain structure in face of the pandemic. Does the current supply chain network and process expose the company to far greater risk than other types of supply chain networks? What can the company do to mitigate supply chain risk in the future? What can the company do to make its supply chain more resilient? Your answer must be factual and well-thought. Provide a detailed plan for the company and explain clearly the steps that need to be taken to turn this plan into action. 2. Discuss the pros, cons, and limitations of your analysis and approach to writing this research paper. Which part of your research paper is the strongest? What were you not able to cover as deep as you wanted and why? What were some of the research challenges for you as you gathered information for this report? Explain clearly. Acknowledge any limitations of your work. You should cite all sources in a Bibliography (APA style is fine) and inline citations are preferred over endnotes.
Answered Same DayJun 18, 2021

Answer To: This Team Challenge requires you to do a Research Paper on Managing Risk in Global Supply Chains,...

Sudipta answered on Jun 18 2021
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Background information
The term ‘supply chain’ is widely used in retail sector. Target corporation is one of t
he largest retail sectors in USA. The company has more than 1,850 stores across the nation (Target.com, 2020). The company involved into dealing with number of product category like clothing, beauty, pet supplies, food, furniture, and others. A number of studies have revealed that Target Corporation has one of the most structured supply chain process to manage product flow and all related operations in stores across the globe.
Supply chain structure of target group, its risk and recommendation
COVID19 is the most trending topic and probably the most prominent pandemic in this modern time. This pandemic has affected every business sector, retail sector is one of the sectors which has highly affected due to this pandemic. While looking into the supply chain of Target Corporation it has been found that the company used to maintain ‘producer storage with direct shipping and in-transit merge’ (Chopra, 2003). However, the supply chain process has been changed due to COVID19 pandemic.
The management team has faced an...
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