Capitalizing on Supply Chain Risk in Various Industries Essay

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The first industry is the automotive industry which deals with production and supply of self-powered vehicles. Companies in this industry can exploit supply chain risk primarily by having products that facilitate data capture and manipulation. This determines the speed with which decisions are made in case of unseen risks. For instance, if a company produces vehicles that require too much input, it would take time to break down this complexity as opposed to one that uses very simple concepts in production.

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Companies in the medical industry can also make profit out of supply chain risks. The supply chain in this industry is rather complex and unique. However, a firm may take advantage of its risks by making fast decisions. As in most cases, the companies producing medical supplies often depend on the same suppliers for raw materials. In case of delay in delivering the supplies due certain technical issues, one can decide to start importation to maintain the regular production. In such a case, as other companies wait for the main supplier to provide ordered materials and supplies, the firm would have gained a larger market share.

The final industry is the real estate industry which is also among the fastest-growing in the world today. The industry is characterized by an imbalance in supply and demand due to the reduced willingness of the population to afford the provided housing units. This is despite the widespread shortage in housing, which means that demand will be expected to be high. Thus, companies need to understand the market and find the reason for the problem, which in most cases is financing. Then they can communicate with the clients and offer mortgage financing through their bankers. In such a way, a win-win story is provided for both parties.

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IvyPanda. (2022, June 20). Capitalizing on Supply Chain Risk in Various Industries. https://ivypanda.com/essays/capitalizing-on-supply-chain-risk-in-various-industries/

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"Capitalizing on Supply Chain Risk in Various Industries." IvyPanda, 20 June 2022, ivypanda.com/essays/capitalizing-on-supply-chain-risk-in-various-industries/.

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IvyPanda. (2022) 'Capitalizing on Supply Chain Risk in Various Industries'. 20 June.

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IvyPanda. 2022. "Capitalizing on Supply Chain Risk in Various Industries." June 20, 2022. https://ivypanda.com/essays/capitalizing-on-supply-chain-risk-in-various-industries/.

1. IvyPanda. "Capitalizing on Supply Chain Risk in Various Industries." June 20, 2022. https://ivypanda.com/essays/capitalizing-on-supply-chain-risk-in-various-industries/.


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IvyPanda. "Capitalizing on Supply Chain Risk in Various Industries." June 20, 2022. https://ivypanda.com/essays/capitalizing-on-supply-chain-risk-in-various-industries/.

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