Effective management of supply chains is essential to survive in today’s competitive business environment. It allows a company to lower its operating costs and improve customer service through higher availability and faster response. However, in today’s dynamic environment, it is not sufficient to have a low-cost or a fast-response supply chain. Companies also need to ensure that their supply chains are agile and adaptable. Taking a strategic perspective, this course examines the concepts of supply chain agility and adaptability, as two types of flexibility, to explore the domain of Supply Chain Strategy in dynamic environments.