Case Analysis: Soaring Global Prices Inflation has been rising worldwide for a year due to Covid-linked disruptions in s

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Case Analysis: Soaring Global
Prices
Inflation has been rising worldwide for a year due to
Covid-linked disruptions in supply chains, leading to a spurt in
the prices of raw materials which have raised production costs. The
Russia-Ukraine war has sent oil and gas prices soaring, threatening
to worsen inflationary pressure. ‘We are facing an oil shock, a gas
shock and an electricity shock. This has never happened together,’
said Director the Jacques Delors energy institute. Apart from oil
and gas, other key commodities have been affected, with prices of
aluminium, nickel and wheat skyrocketing. Russian President warned
of inflationary pressures worldwide as a result of the Western
sanctions on his country. Several key industries have already been
hit, with several steel plants in Spain shutting down due to high
energy prices. Millions of households are finding it more expensive
to travel, heat their homes and bring food to the table. ‘The price
of bread went up enormously’ since the war began, said a Cairo
resident, referring to a 50 percent hike in a country which is the
world’s top wheat importer. French President equally warned that
Russia's attack on Ukraine will ‘deeply destabilise’ food and
material supplies in Europe and Africa as some of the world's most
fertile agricultural land goes unplanted.
Using the knowledge you have acquired in this course, advice on
question one (1) and two (2):
Q.1
a) As an expert in Procurement and Logistics,
prepare a three (3) paged report discussing the effects of the
escalating on procurement acvities among Ugandan companies (15
marks).
b) Using relevant examples, propose a range of
ways managers may consider to optimize their procurement operations
amid this economic situation (10 marks)
Total 25 Marks