Week One Discussion on WSJ

Week One Discussion on WSJ

Must post first.

It’s critical for business leaders to stay current on the events that shape our world.   The Wall Street Journal is a premier source that integrates all things business.  Our series of Discussion Boards – one each week based on current events in the  WSJ – is designed to get you not only familiar with the  Journal but also get you into a routine of staying current on business news. Whether it’s for your current projects at work or your next job interview, you’ll be glad that you always stay up-to-date!

     For each  WSJ thread, read the article posted and consider how it relates the course concepts for the week.  Then, discuss each of the questions listed with your cohort.

Follow the links provided and use your NU Single Sign On (SSO) to access the NU library.  FYI -  You can also access  The Wall Street Journal daily editions and searches at:  Login

BELOW IS ONLY AN EXAMPLE FROM SCM 620 -- Edit here and  delete one of the other 2 DBs.

Article:  Newman, J. Kang, J. & Gasparro, A. (2021, May 7). Grocers, Restaurants to Suppliers: Hurry Up, Make More.  The Wall Street Journal.  https://www-proquest-com.nuls.idm.oclc.org/docview/2522606029/fulltext/334F61D79DCA4F5APQ/4?accountid=25320

Summary: Friction between food retailers and their suppliers is adding costs across the food chain. Big buyers including Walmart Inc. and Sysco Corp. are fining suppliers over infractions like late or incomplete orders. Meanwhile, many food makers and distributors say labor shortages, supply constraints and high freight costs are making it difficult to deliver complete, timely orders. 

Questions:

1. In your own words, explain what channel conflict is. Then, explain how this article provides an illustration of channel conflict. 

2. Offer at least two recommendations for how the industry might reduce the channel conflict that's presently happening between buyers and suppliers.

3. What long term changes might be necessary in the food industry to prevent future shortages in the supply chain like those that are happening now?