Academic Essay - Supply Chain Risk

Write a 2,000 word academic essay comparing and contrasting the risks of two supply chains, being: 1. Fresh Milk exported from Australia to China; and 2. Powdered Milk exported from Australia to China. You will need to collect data and information on two separate supply chain situations before undertaking such risk analyses. You to analyse, compare, contrast, and indicate suitable risk management strategies and tactics regarding the two contrasting supply chains. You will need to demonstrate: - an understanding of risk; - how to identify the large number of risk factorss; - indicate the difficulty in measuring such risk factors and their impact- - undertake some analyses of the risk factors and how they affect both internal and external stakeholders - and what management could be implemented to control or minimize these risks. Students should consider using scenario analyses, vulnerability analyses, stakeholder analyses, and value-at-risk VAR techniques. Focus on the ultimate risk to the customer – loss of good-will, loyalty, brand-image; the risk to suppliers; the impact on competitors; and the risk to the owners/shareholders. Focus on the ultimate risk to the customer – loss of good-will, loyalty, brand-image; the risk to suppliers; the impact on competitors; and the risk to the owners/shareholders. Academic reference's required. Please provide all research, sources and statistics used.