Final answer:
The statement about supply chains is true; supply chains include all steps from acquiring raw materials to delivering products to customers. Efficiency and resilience in supply chains can be achieved through technological advancements, improved transportation, and robust policies, especially in times of crisis like during the COVID-19 pandemic.
Step-by-step explanation:
The statement that a supply chain is the system through which an organization acquires raw material, produces products, and delivers the products and services to its customers is True. The supply chain encompasses all the steps involved from the procurement of raw materials to the production of goods and their delivery to customers. Efficiencies in the supply chain can be significantly improved by leveraging advancements in technology, transportation methods, and effective policies. It is also important for companies to invest in their labor force and uphold labor rights, having balanced integration of both technological and human elements in the supply chain.
During the COVID-19 pandemic, businesses experienced significant supply chain disruptions, which contributed to production slowdowns and increased prices owing to the lack of rapid transportation of goods and raw materials. Sharing technological advancements with developing nations can enhance supply chains globally, leading to faster and more efficient distribution of products on the market. Moreover, maintaining robust supply chains during national emergencies requires sound policies focused on supply chain resilience.