Your final exam Report should address the impact of the pandemic on global outsourcing with respect tothe following four areas:i)Supplier relationships:For example(but not limited to), describe how the pandemic affectsissues such as supplier selectionand supplier relationship management.ii)Incoterms: Assume your company is located in Kitchener, Ontario Canadaand you are importing a consumer product from Berlin, Germany. You do not require insurance from the vendor, and E and D terms are not available in this scenario. (Reference: Week 3; eText Module 1, Unit 3 and Appendix A)In this section of your Report include the following information:a) Which Incoterm would youtry and negotiate for this transactionto minimize your costs? b) Explain whyyou selected the Incoterm in the previous question, including the advantages and disadvantages.iii)Transportation modes:Describe how the pandemic may have affected your choice of transportation modes in the scenarioabove if you were responsible for carrier selection and freight costs to Kitchener, Ontario Canada. (Reference: Week 10: eText Module 4, Unit 1 with additional reference to Module 1, Unit 3 Appendix A from the previous question)iv)Distribution logistics:Describe how the pandemic may have affected your distribution of customer orders with respect to order processing, inventory control and warehousing