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The Power of ResilienceHow the Best Companies Manage the Unexpected$
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Yossi Sheffi

Print publication date: 2015

Print ISBN-13: 9780262029797

Published to MIT Press Scholarship Online: May 2016

DOI: 10.7551/mitpress/9780262029797.001.0001

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Planning for Scarcity and Price Shocks

Planning for Scarcity and Price Shocks

Chapter:
(p.239) 10 Planning for Scarcity and Price Shocks
Source:
The Power of Resilience
Author(s):

Yossi Sheffi

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262029797.003.0010

The rising economies of China, India, Brazil, and others have contributed to the globalization of supply chains in terms of new markets and new sources of supply. Yet the growing global economy in the last decade has also created a new class of supply chain risks tied to price shocks and commodity shortages. Oil, grains, metals, rare earths and other materials have all seen extreme volatility in which prices for key commodities might double, triple, or plunge over a short time and disrupt the companies dependent on them. Chapter 10 discusses several strategies used by companies to handle input price volatility and material shortages.

Keywords:   Volatility, Price shocks, Commodities, Scarcity, Resource nationalism, Substitution strategy

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