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Blog 11: Japanese imported vegetables in Singapore ‘radioactive’

March 24, 2011

Due Date: March 24, 2011

Article Sourcehttp://www.bbc.co.uk/news/business-12834153

Article Date: March 24, 2011

Article Title: Japanese imported vegetables in Singapore ‘radioactive’

Summary:

Many countries are beginning import bans on food coming out of Japan because of their low levels of radiation. Thankfully because of the low levels an adult would have to eat 3.5 kilograms in order to even reach the levels of radiation caused by an x-ray. Unfortunately, this situation is expected to extend into the long term many farmers will begin taking a hit and it will result in an increasing shortage of food around the world.

Reflection:

These bans are going to have many effects on businesses around the world. First of all, businesses are going to feel the impact of food shortages in the rising food prices and other rising prices. They will have to figure out how to “strategize”  in a way that allows them to survive through these hard times and how to maintain reasonable prices. In addition, to the shortage of  food exports from Japan we will also see an increase of food imports now that they no longer can consume some of their domestic food products. Second, businesses will have to deal with the additional shortage of exports from Japan such as different parts that are key to certain products such as cars or technology. Businesses will have to decide if they are going to try and take opportunity of these shortages or if they are going to try something else that will allow them to get through the shortages. All in all, there is going to be a need for businesses will have to step up and fill the gap in supply chains and in order to fill the many shortages that are going to result. Another aspect of this issue is that businesses will have to be very aware of the many bans on certain Japan exports so that they do not violate any of them or interfere with them in their trade routes.

On a final note, I feel that businesses are going to have to “wake up” and begin to prepare for the effects and begin to understand global dependency. They are going to have to understand that there are going to be increasing prices and decreasing exports. All in all, we are going to see increasing demand for certain products (such as uncontaminated food) and the supply is going to be more and more limited.

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One comment

  1. Excellent article!!!!!!!!!!!!!!!!!!!!!



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