AND ANSWER FLOWLLING QUESTIONS:
1.How will management of GVC's change post Pandemic?
2.What risks will companies face that did not exist before the Pandemic?
3.What changes need to be made to insure consistency and security of supply chains?
4.What changes need to be made to address current and future (Black Swan) risks?

 

SOLUTIONS 

 

 

1: The management of GVC's (or any company) is likely to change post-pandemic in several ways. One key change will be an increased focus on remote work and flexible working arrangements, as many companies have found that employees can be just as productive working from home. Additionally, there may be changes to the company's supply chain to ensure resilience and continuity, as well as increased investment in technology to support remote working and digital communication. There may also be a greater focus on employee health and safety, including enhanced cleaning protocols and workplace safety measures.

Answer 2: The pandemic has introduced several new risks that companies may face, including supply chain disruption, cyber attacks, and reputational damage. Supply chain disruption has been a major issue for many companies, as lockdowns and travel restrictions have made it difficult to transport goods and materials. Cyber attacks have also increased in frequency, as companies have become more reliant on digital communication and remote working. Reputational damage is also a risk, as companies may face public criticism for their handling of the pandemic or for decisions related to layoffs or furloughs.

Answer 3: To ensure consistency and security of supply chains, companies may need to make several changes. One key change may be to diversify suppliers and build redundancy into the supply chain, to ensure continuity in the event of a disruption. Additionally, companies may need to invest in new technology and data analytics to better understand and manage their supply chains. Collaboration and communication between suppliers and buyers may also need to be improved to ensure transparency and timely information sharing.

Answer 4: To address current and future (Black Swan) risks, companies may need to make several changes. One key change may be to increase investment in risk management and contingency planning, including scenario planning and stress testing. Companies may also need to build greater resilience into their operations, including diversifying their supply chains and investing in technology to support remote work and digital communication. Additionally, companies may need to focus on building stronger relationships with customers and stakeholders to enhance their reputation and resilience in the face of unexpected events.