Research on Measurement of Manufacturing Industry Chain Resilience Based on Index Contribution Model Driven by Digital Economy

Xia Minglu ()
Additional contact information
Xia Minglu: School of Economics and Management, Northeast Normal University, Changchun 130117, Jilin, China

Economics - The Open-Access, Open-Assessment Journal, 2024, vol. 18, issue 1, 17

Abstract: In the world of modern industry, which is constantly evolving, the manufacturing sector is intricately connected to the revolutionary currents of the digital economy. Considering the on-going digital revolutions, this study aims to evaluate the robustness of supply chains in the industrial sector. This result was reached by conducting in-depth interviews and analyzing the resilience performance of business systems in the manufacturing industry. The findings indicated that redundancy is the most significant component of resilience. The major purpose is to ascertain how these chains can hold up amid constantly shifting digital dynamics. Utilizing an innovative index contribution technique, our approach uniquely measures the manufacturing sector’s resilience in the ever-changing digital economy. An index contribution model driven by digital economy measurements is included in this case study, focusing primarily on a particular manufacturing company. This research aims to build a comprehensive framework for measuring the resilience of industrial chains. Identifying important indications of resilience, particularly for the case study company, is the first phase of the technique. These indicators include the robustness of the digital infrastructure, the supply chain’s flexibility, and the technology’s adaptation. During the research, the strengths and weaknesses of the manufacturing industry chains are investigated, which leads to the discovery of nuanced insights. Stakeholders can utilize the one-of-a-kind model’s actionable insights to navigate and enhance their resilience in the constantly shifting industrial sector. Considering the dynamic nature of the manufacturing industry, it is of the utmost importance to adopt preventative measures to guarantee the firm’s ongoing development and adaptability. By providing a fresh analytical framework, this study contributes to a better understanding of the complexities of contemporary industrial resilience.

Keywords: manufacturing sector; digital economy; resilience; industry chains; research; examination; index contribution model (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/econ-2022-0123 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:econoa:v:18:y:2024:i:1:p:17:n:1001

DOI: 10.1515/econ-2022-0123

Access Statistics for this article

Economics - The Open-Access, Open-Assessment Journal is currently edited by Katharine Rockett

More articles in Economics - The Open-Access, Open-Assessment Journal from De Gruyter
Bibliographic data for series maintained by Peter Golla ().