Supply chain disruption for crude oil due to the effect of COVID-19 pandemic: evidence from Vietnam

Ngoc Vu-Thi-Minh, Linh Bui-Duy, Luan Thanh Le, Giang Hoang-Huong and Son Ta-Anh

International Journal of Logistics Systems and Management, 2024, vol. 48, issue 3, 326-349

Abstract: The operation of the crude oil supply chain under the influence of the pandemic has not been extensively examined, despite its importance as a strategic commodity. Based on a powerful simulation model using real-time data parameters, this study investigates the effects of a worldwide pandemic on the crude oil supply chain. The study indicates a downturn in performance and a disruption in the supply chain, as revealed by the outcome of key performance indicators (KPIs). Green field analysis (GFA) experiments are furtherly implemented for different scenarios to investigate the variation of KPIs. As a result, we propose contingency rerouting as a potentially proactive solution that can support crude oil businesses in the resilience process during the pandemic.

Keywords: supply chain disruption; COVID-19 pandemic; simulation models; greenfield analysis; key performance indicator; financial KPI; customer KPI; crude oil; Vietnam; contingency rerouting. (search for similar items in EconPapers)
Date: 2024
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