Abstract
The chapter explains the structural change in the global auto industry and the current situation of Korean auto industry, followed by the risk management of supply chain. This chapter uses the cases of recent disasters to understand the interactions and impacts along the global value chain. In addition, several strategies to minimize the risk of supply chain are proposed: First, Build strong and flexible procurement system; Second, Risk Mitigation with diversification of supply sources; Third, Information network across the supply chain; Fourth, Build a real-time risk evaluation system with quantifiable index and training; Fifth, Minimize the damage with a business continuity plan (BCP).
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Anbumozhi, V., Kim, J.H. (2020). Complexities in Supply Chain Resilience Against Economic Shocks and Forming Public Private Partnerships: Korean Automotive Case. In: Anbumozhi, V., Kimura, F., Thangavelu, S. (eds) Supply Chain Resilience. Springer, Singapore. https://doi.org/10.1007/978-981-15-2870-5_7
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DOI: https://doi.org/10.1007/978-981-15-2870-5_7
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