Supply Chain Risk Management Profile of the Hyundai Motor Company

There are various business external risks facing TCC affecting the supply and demand for products, target customers, supplier/retailer issues. There are also internal risk factors which affect…

Nissan Motor Company was one of the first Japanese Automobile companies to build facilities in North America. The company was reborn from crisis. They were rescued from bankruptcy in 1999 by Renault, and this sense of crisis still persists in the organization to this day. After the 9.0 magnitude earthquake hit the coast of Japan on March 11, 2011 Nissan Motor Company, just like they did in 1999 when they faced financial difficulties, focused on identifying and analyzing the risks by establishing a dedicated risk management function that was responsible for these activities.

Today’s global supply chain has been shaped by the past decades of focus and strategies based on achieving the lowest operational costs coupled with a push towards market expansion and supplier outsourcing. The expansion of global supply chains combined with the increasing number of joined connections to external business partners has significantly raised the possibility for supply chain disruptions (Poirier, Quinn, & Swink, 2010). In today’s global business environment, the importance of risk management continues to grow daily.

increased interest rates. Lastly, is the inability to start new businesses, which would benefit the

Journal #8. Page 99- “The most dangerous of all these threats may be the impact on the atmosphere of burning large quantities of fossil fuels.”

This global crisis is known as Global Warming. According to Baranski, global warming “is the current and projected increase in average temperature near the earth’s surface due to increased greenhouse gas levels in the atmosphere” in “Climate Change”. Many scientists have preformed studies, and have computer models that project the warming of the earth. These studies how that not only is the earth warming up, but man is causing this trend. Man’s use of fossil fuel in combustion engines in automobiles, heating and cooling of houses, converting coal into energy have all contributed the release of carbon dioxide into the atmosphere. This is known as greenhouse gas. The build up of greenhouse gases causes the global warming (Baranski).

IBM, (2008). Supply Chain Risk Management: Management A Delicate Balancing Act - IBM Global Business Services A multi-faceted view on managing risk in a global

The topic selected is (Strategic Procurement & Supply Chain Management). For this study, we have selected Toyota Motor Corporations as our company of choice. Toyota is without doubt the best in the world, with its many philosophies and principles on how to make the best out of the least; JIT, lean production and elimination of waste and the desire for continuous improvement are just a few ways how Toyota has become the best in the auto industry. Toyota as a name, a company, and as a brand has become synonymous with Quality.

1. The losers in the global distribution and supply chain dynamic are particularly those with:

Toyota will have to face multiple challenges or risks in the eco-friendly development. This will be a big investment and be very costly for Toyota to acquire successful results ("Business Overview", 2011).

This resulted in less money for businesses to invest and consumers to spend. Therefore, there was a sharp reduction in consumer spending in the economy “credit rationing”. (6) The reduction in the money spent in the economy meant there was fewer goods needed to be produced as there was less buying. This meant production of goods decreased therefore resulting in less need for workers.

More than 95% of scientists agree that fossil fuels does and will continue to cause Earth's temperature to rise to an unhealthy extent. Prohibiting (or greatly limiting) the use of fossil fuels will help not only the environment but also our economies and society. By setting a global standard, we can gradually decrease our dependence on these harmful gasses. However, nations and corporations reluctance to comply with these proposed regulations will eventually cause a global catastrophe. If the only way to prove that this unwillingness can be detrimental to the globe's health is by showing them the consequences firsthand, then the next generation will be negatively impacted by our

I take this opportunity to express my sincere thanks and deep gratitude to all those people who extended their whole hearted co-operation and have helped me in completing this project successfully.

to have good strategic development. Since these purchases are the main source of their business products, risk will need to be minimal.

We as a society have reached one of the most crucial time periods in the history of our world. Due to the way we have used the resources on this earth we have created a situation in which our climate is drastically changing. The burning of fossil fuels such as coal and oil has caused gases like carbon dioxide to become trapped in the atmosphere causing a natural greenhouse effect. The greenhouse effect has caused the earth’s average temperature to rise and has resulted in arctic glaciers melting. These glaciers had gases trapped inside them that are now being released into the atmosphere further raising the earth's temperature. Due to the way we are polluting our air we have caused global warming. This global warming has caused stronger natural disasters such as hurricanes and wildfires putting our society in more danger than ever before.