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Global supply chains have become increasingly complex and interconnected, especially in the retail sector, where goods often move across multiple countries before reaching the end consumer. This interdependence exposes retailers to various global supply chain risks, such as natural disasters, geopolitical tensions, trade wars, labor strikes, and transportation disruptions. For instance, a flooding event in Southeast Asia can halt production of electronics components, affecting inventory levels in retail stores worldwide. Similarly, a blockage in a critical shipping lane, like the Suez Canal, can delay shipments of apparel or consumer goods, leading to stockouts and lost sales. Such disruptions not only affect the timely availability of products but can also increase costs due to expedited shipping, alternative _____ ______ __________ ________ __________ _____ __________ _______ __________.
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