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Strategic supplies

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Dependence on other countries for critical goods and materials.

Issue discussion in preparation.

Principles

  • Identify critical supply dependencies before disruption makes them urgent.
  • Compare reserves, diversified suppliers, substitutes, and domestic production by cost and resilience gained.

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Check your understanding

What can reduce dependence on a vulnerable critical supplier?
Assuming the supplier will never be disrupted.
Practical combinations of reserves, alternatives, diversification, and capacity.
Measuring only the lowest current purchase price.

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