Global Value Chains
The following assignment is based upon a special report published in August 2020 by the McKinsey Global Institute called “Risk, resilience, andrebalancing in global value chains.” This is the only source you need to consult for this assignment.In this assignment, write a short essay (maximum 5 pages) based upon the following questions.1. Discuss the different types of disruptions impacting the global supply chains of businesses.2. Discuss how the exposure to shocks affect the supply chains of different types of industry groupings.3. Discuss the cost implications of disruptions to businesses.4. Discuss the likelihood of global supply chains shifting across countries.5. Finally, discuss how companies can improve their resilience to disruption.