Question

Imagine that fully aware of the challenges to traditional modes of economic commerce presented

by the COVID-19 virus and the ramping up of the inevitable political competition between the United States

and China that currently threatens any previous cooperation between the two largest economies in the world

you have created a strategy that includes the total exclusion of any production dependence on China by switching

all to automated U.S. factories, low cost competitors to China (India, Indonesia, Mexico, etc.) you now need

to implement this strategy in a way that excites both your workforce and your shareholders. Additionally, you

want to lower costs and gain market share.

Answer 1

Answer :-

My new strategy would require following change post the COVID 19 effect and to acclimate to the new world Political and economic environment:

Current worldwide situation is exceptionally muddled.

• Our new strategy has reliance on China for provisions. We will change that and guarantee to reduce fixation on large countries like China for provisions and advance residential production of goods or nearshore to other minimal effort countries.

• Our new strategy will likewise incorporate protectionism can likewise be an approach to make more jobs in the home nation and get incentives from the government and support the workforce.

• As far as the foriegn exchange we will attempt to chop down the import and advance export.

• We will make portrayal to government for incentives to our industry for tax cuts or give liquidity effortlessly or concessional loan cost.

• Portrayal to government for reducing tax paces of VAT or GST for the things transcendently devoured by the customers of our organization or industry.

• Financing of the channel accomplices

• Guaranteeing sufficient stock and stock of the goods

• Reduce focus on enormous providers and diversify the provider base.

Thank You Please Upvote and like this answer it will be highly appreciated and helpful please like..it really means a lot !!!