Unit 2 β Subtopic 2.5
Why do Products Take a Long Time to Restock?
In a fast-paced consumer market, the delay in restocking products can lead to lost sales, customer frustration, and supply chain disruptions. Whether itβs the latest electronics, popular toys during the holiday season, or essential food items during a crisis, the time it takes to restock products is often determined by the elasticity of supply. This project challenges students to explore why some products take longer to restock than others by comparing different sources of information and analyzing the factors affecting supply elasticity.
Students will investigate the underlying reasons behind supply delays, such as limited production capacity, dependence on raw materials, global supply chain issues, and labor shortages. They should compare sources that discuss restocking challenges across different industries, such as technology, agriculture, and retail. By evaluating the credibility and perspectives of different sources, students will gain insights into how supply constraints can impact the speed at which products return to shelves.
A key component of this project is understanding how elasticity of supply varies between products. For example, why can digital products like software be restocked instantly, while physical products like cars or clothing may take weeks or months? Students should explore how factors like production lead times, inventory management, and just-in-time (JIT) supply chains affect restocking speeds. Additionally, they should consider how external shocksβsuch as pandemics, natural disasters, or geopolitical eventsβcan disrupt supply chains and cause extended delays.
The final output will be a comparative analysis where students evaluate the reasons provided in different sources for restocking delays and determine which explanations are most credible. The goal is to help students understand how supply elasticity theory connects to real-world supply chain management and why businesses often struggle to meet changing consumer demands.
Recommended Procedure:
Identify and Gather Different Sources β Collect at least two or more sources discussing restocking challenges for different products or industries. These could include news articles, industry reports, or academic papers.
Analyze Supply Constraints in Each Source β Identify the specific reasons for restocking delays mentioned in each source, such as limited production, raw material shortages, or logistical bottlenecks.
Evaluate the Role of Supply Elasticity β Determine how quickly different products respond to demand changes and why some products have more elastic or inelastic supply.
Compare Source Credibility and Perspectives β Assess whether the sources provide objective analysis, highlight industry-specific factors, or present biased perspectives on supply challenges.
Write a Comparative Analysis Report β Summarize key findings, highlighting similarities and differences between sources, and conclude which explanations for restocking delays are most convincing.
Suggested Sources:
Understanding Supply Elasticity and Restocking Challenges:
Investopedia: Elasticity of Supply β https://www.investopedia.com
Khan Academy: Factors Affecting Supply β https://www.khanacademy.org
2. Real-World Cases of Supply Chain Issues:
Harvard Business Review: Why Products Take Time to Restock β https://hbr.org
BBC: The Impact of Supply Chain Disruptions β https://www.bbc.com
3. Industry Analysis of Restocking Delays:
McKinsey & Co.: The Complexity of Global Supply Chains β https://www.mckinsey.com
World Bank: Supply Chain Challenges in Global Trade β https://www.worldbank.org
4. Impact of External Shocks on Supply Chains:
IMF: How External Events Affect Global Supply Chains β https://www.imf.org
World Economic Forum: Lessons from the Global Supply Chain Crisis β https://www.weforum.org
Grading Rubric:
Total Points: __ /20