Supply chains weather the storm

Which of the following strategies have companies used to cope with supply chain disruptions?

Refusing supplier surcharges

Stockpiling essential resources

Increasing the number of suppliers used

Reducing international trade

What is the role of multi-modal transport in supply chain disruption management?

To use new shipping suppliers

To implement dynamic shipping rerouting

To combine sea, air and rail for flexible routing

To increase the number of transport routes

What has been one impact on businesses switching to air freight for high-value goods?

Ability to split deliveries

Onerous import or export compliance procedures

Higher costs to absorb

Shrinkage in the supplier pool

What action did European retailer Pepco Group take to mitigate disruption during 2024?

Nearshored some of its supply chain

Optimised shipping routes and used rail

Limited product availability to reduce costs

Enhanced its e-commerce offering

Which sectors are most affected by the disruptions in maritime transport?

Retail, energy, government

Retail, manufacturing, energy

Manufacturing, pharmaceutical and energy

All sectors have been equally affected

What is involved in dynamic shipping routing?

Buying in services from satellite providers

Using real-time GPS tracking

Taking the Cape of Good Hope route

Switching ships mid-route

How has the crisis affected Egypt's economy?

Suez Canal revenue declined 57 percent in Q1 2024

Shipping traffic dropped by 50 percent in 2022-23

All the other answers are correct

GDP has declined by 4 percent since 2023-24

What has been the effect of the delays?

Fuel costs have increased fivefold

Container capacity has increased due to lack of demand

Rerouting can add 10-14 days to transit times

Suppliers have had to raise their production norms

What is nearshoring?

Moving production to a country with a lower cost base

Bringing production back to the home country and passing the related costs to the customer

Moving production from a distant country to one that is closer to a company's markets

Switching production to a just-in-time basis

Why has the energy sector been particularly affected?

It is reliant on shipping routes for transporting fuel

Demand for fuel has soared with the longer shipping routes

Demand for fuel has fallen as the number of freight trips has dropped

There are fewer alternative routes for oil tankers

Supply chains weather the storm

Which of the following strategies have companies used to cope with supply chain disruptions?

What is the role of multi-modal transport in supply chain disruption management?

What has been one impact on businesses switching to air freight for high-value goods?

What action did European retailer Pepco Group take to mitigate disruption during 2024?

Which sectors are most affected by the disruptions in maritime transport?

What is involved in dynamic shipping routing?

How has the crisis affected Egypt's economy?

What has been the effect of the delays?

What is nearshoring?

Why has the energy sector been particularly affected?

You scored

0

out of

0

Test passed. Enter your details to download your certificate. Your certificate will also be sent to you by email.

Our sites

Useful links

Using this site

Contact us

Planned system updates