Each student will be asked to write critiques of two of the presentations heard from classmates. Write what you disagree and what you think he/she should focus on. Not a single good

One of the prominent factors is the introduction of stringent government regulations aimed at cooling down the overheated property market. These measures include restrictions on the number of properties individuals can own, tighter mortgage lending rules, and increased scrutiny of property developers' financing practices. These regulations have led to a slowdown in property sales and a reduction in speculative activities, particularly in the top-tier cities where housing prices had soared to unsustainable levels.

Another challenge that the real estate industry faces is the growing concern over housing affordability. As property prices continued to rise faster than income levels, the dream of homeownership has become increasingly elusive for many Chinese citizens, especially the younger generation and first-time buyers. This issue has not only raised social concerns but has also led to a reassessment of housing policies.

So, nowadays, an increasing number of young people are gradually losing confidence in China's real estate industry, and more and more of them are choosing to rent instead of buying homes.

This transition is driven by several factors, with financial considerations playing a significant role. The high cost of homeownership, particularly in major cities, has become a considerable barrier for many young individuals. The substantial down payment required, coupled with the burden of a long-term mortgage, has led to concerns about financial stability.

Another crucial aspect is the changing view of homeownership. Many young people no longer see it as the ultimate symbol of success or financial security. They prioritize experiences, career opportunities, and financial diversification over the traditional notion of owning property.

Mobility is a key factor too. Young professionals often need to be flexible in their careers, and the ability to move to different cities or countries is increasingly important. Renting provides the freedom to relocate without the constraints of owning property, which can be especially attractive for those pursuing opportunities in various locations.

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Diversification of Suppliers:

Digital Transformation:

Extended Thinking

Addressing these issues required a multifaceted approach. Here are some key strategies and considerations:

Companies should diversify their suppliers, ensuring they have alternate sources if one fails.

Nearshoring or reshoring production closer to end markets to reduce transportation issues and dependencies.

Open communication with suppliers can help in understanding their challenges and developing solutions .

Implementing advanced analytics can help companies forecast supply chain disruptions.

Blockchain can ensure transparency and traceability in the supply chain.

Automation and robotics can reduce the dependency on manual labor, which can be unpredictable during pandemics.

Re-evaluate Product Designs:

Consider simplifying product designs or using alternative materials that might be more readily available.

Understand the worst-case scenario and be prepared to deploy strategies when it occurs.