In a recent interview with CNBC, Apple CEO Tim Cook said that supply chain shortages cost Apple around USD 6 billion in the quarter Q4 - 2021. In the interview, Cook explained that Apple faced “larger than expected supply constraints” during the quarter. He said: "We had a very strong performance despite larger than expected supply constraints, which we estimate to be around $6 billion,” Cook told CNBC’s Josh Lipton. “The supply constraints were driven by the industry wide chip shortages that have been talked about a lot, and COVID-related manufacturing disruptions in Southeast Asia.”

Cook said that the supply issues were with chips were on “legacy nodes,” or older chips, instead of the technologically advanced processors at the heart of Apple’s devices. Not just Apple, many companies face similar situations in their supply chain. This course will help in understanding the supply chain cost elements and explains how companies can respond to such cost increases. The course covers the following topics:

1. Understand what Product costing means

2. Learn how CEOs of various companies responded to the cash crunch during the pandemic

3. Understand the Supply chain cost impact on the product cost

4. See how Coca-Cola got affected during the pandemic (case study)

5. What are the trends of Supply chain cost control in this post covid-19 world

6. Cost impact of supply chain decisions

7. Adding agility to the operations

8. Changing definitions of sustainability and way forward