External Supply Chain Risk Assessment in the Covid 19 Pandemic

Duy Tran Le Anh, Hiep Cong Pham, Nhu YNgoc Hoang, Hai Thanh Pham, Paulo Sampaio, Hang Nguyen Thi My (), Huy Truong Quang and Nguyễn T. Quyền
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Duy Tran Le Anh: RMIT University Vietnam
Hiep Cong Pham: RMIT University Vietnam
Nhu YNgoc Hoang: University of Economics Ho Chi Minh City
Hai Thanh Pham: Van Lang University
Paulo Sampaio: Minho University
Hang Nguyen Thi My: CIRTech Institute, HUTECH University
Huy Truong Quang: RMIT University Vietnam
Nguyễn T. Quyền: 2C2T—Centro de Ciência e Tecnologia Têxtil, Universidade Do Minho

A chapter in Business Innovation for the Post-pandemic Era in Vietnam, 2023, pp 191-203 from Springer

Abstract: Abstract The aim of this paper is to identify and evaluate global risks in supply chain performance (SCP). Firstly, three criteria that are content, probability and context, are applied to identify and categorize global risks. Next, the theory of Resource-based view and Balanced Scorecard is applied to establish a series of SCP quantifiable measures. With the purpose of assessing the external risks in the supply chain, the Structural Equation Modeling (SEM) method is employed. This article is unique in the supply-chain risk management literature catalogue in that it presents an in-depth operationalization of external supply chain risk constructs, e.g. natural disasters, war & terrorism, fire accidents, political and economic fluctuation, social and cultural related issues, and disease. According to the empirical results, the supply chain can be widely considered to be vulnerable as the developed risk model can explain up to 12.6% variance of Supplier performance, 25.2% Learning and Innovation, 23% Internal business, 40.6% Customer service, and 32.4% Finance. The implications of this study proposed risks, being contextual variables, should be considered when making strategic supply chain decisions. To minimize damage from major risks to the company, supply chain managers should recognize cost/benefit tradeoffs as viable options. Such trade-offs, suggested by the study, can be resource reallocation, preemptive speculating and assembly postponement. Moreover, the topicality of this paper is demonstrated by the data used which were collected during the COVID-19 pandemic to validate the research models and from domains greatly affected by it.

Keywords: Supply chain risk; Supply chain management; Supply chain performance; Covid-19; Globalization (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-1545-3_16

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DOI: 10.1007/978-981-99-1545-3_16

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