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Level 5 Diploma in Logistics and Supply Chain Management

Strategic Management of Global Economic Volatility

LSC506 · Contemporary Issues in Supply Chain Management — Week 7 of 16

CourseLSC506
Week7 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Strategic Management of Global Economic Volatility

  1. Nearshoring and reshoring strategies
  2. Dual-sourcing and multi-sourcing models
  3. Financial hedging mechanisms
  4. Dynamic supplier contracting

What you will be able to do

  • 3.2 Compare the impacts of the global economy on supply chains.
  • 3.3 Discuss how the impacts of the global economy can be effectively managed within a supply chain.

Activity

Seminar, guided reading and a short written task: compare the impacts of the global economy on supply chains.

Study materials

Further resources

  • Risks and Global Supply Chains: What We Know and What We Need to Know · PDF · NBER, article · for registered students
  • World Trade Report 2023, ch. C.4: Re-globalization for a more resilient world · PDF · Other, textbook chapter; pp. 57–60 · for registered students
  • Risk Allocation and Pricing Approaches guidance note (UK Government Commercial Function) · PDF · GOV.UK, guidance; 55 pages · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 6Midterm
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Emerging Technologies in Modern Supply Chains
  • Week 2: Managing Digital Supply Chain Transformation
  • Week 3: Environmental Impacts of Supply Chain Operations
  • Week 4: Comparative Environmental Analysis of Supply Chain Functions
  • Week 5: Sustainable Supply Chain Management and Circular Economy
  • Week 6: Global Economic Drivers and Supply Chain Dynamics
  • Week 7: Strategic Management of Global Economic Volatility
  • Midterm: Midterm evaluation
  • Week 9: Supply Chain Risk Identification and Typologies
  • Week 10: Supply Chain Risks to CSR and Sustainability Standards
  • Week 11: Supply Chain Resilience and Enterprise Risk Mitigation
  • Week 12: Applying Contemporary Issues in Supply Chain Management in …
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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