Read the following statements about Supply Chain Resilience Initiative (SCRI) - (i) In the context of International trade , supply chain resilience is an approach that helps a country to ensure uninterrupted supply of import in an unexpected situation. (ii) This is an initiative of five countries , India is one of them. Choose the correct code -

Question

Read the following statements about Supply Chain Resilience Initiative (SCRI) -  (i) In the context of International trade , supply chain resilience is an approach that helps a country to ensure uninterrupted supply of import in an unexpected situation. (ii) This is an initiative of five countries , India is one of them. Choose the correct code -

Accepted Answer

A. Only (i) is true. Supply chain resilience initiative Launched :- 2021 jointly by India,Japan and Australia. Need :- supply chain vulnerabilities amid covid-19 pandemic. Objectives :- supporting the enhanced utilization of digital technology; Supply chain Diversification. Reducing dependency upon china sharing of best practices on supply chain resilience. holding investment promotion events and buyer-seller matching events Indian Aspect:- Financing for resilience Attracting technology multinationals Addressing raw-material dependencies PYQ’s Solution English 19