LOG206 Transport Management and Technology, SUSS, Singapore: Roy Jakobs, Philips CEO said in a recent interview “Before we were all seeking the optimal global supply chain efficiency

Question 1

Roy Jakobs, Philips CEO said in a recent interview “Before we were all seeking the optimal global supply chain efficiency, now we need to source, manufacture, and deliver much closer to our end markets even if that means higher costs” (see more at: https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/china-business- supply-chain-undergoing-major-changes-philips).

Explain, with relevant rationale, whether you agree or disagree with his opinion. How would this affect the different utilities that transport adds to products? Your answer should include relevant examples and references for illustration.

The word count should NOT exceed 400 words for this question
(excluding figures, tables, references, and/or in-text citations if any).

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