Final answer:
Supply chain management faces challenges such as disruptions, globalization, and demand uncertainty.
Step-by-step explanation:
Supply chain management faces various challenges in the business world. Some of the key challenges include:
- Supply chain disruptions: Events like natural disasters, political unrest, or pandemics can disrupt the flow of goods and materials, causing delays and shortages.
- Globalization and complex networks: With supply chains becoming more global and complex, managing operations across different countries, cultures, and regulations can be challenging.
- Demand uncertainty: Forecasting demand accurately is crucial for efficient supply chain management. However, factors like changing consumer preferences and market trends can make demand uncertain.