2019's supply chain 'black swan': resilience model under a low-frequency, high-impact and global disruption

Saba Rudsari, Donovan Fuqua, Victor Pimentel, Barry Brewer and Phillip W. Witt

International Journal of Logistics Economics and Globalisation, 2023, vol. 10, issue 3, 237-258

Abstract: In today's intricate and interconnected business environment, supply chains encounter numerous disruptive events, either natural disasters or man-made crises, that negatively affect their performance. In early 2020, the COVID-19 pandemic imposed severe supply chain disruptions worldwide. It shook the way the global supply chain worked, reminding the necessity for awareness of the supply chain vulnerability, the shortcomings of the traditional risk-management approaches, and the need for transforming the traditional supply chain risk (SCR) management models. Accordingly, it is necessary for the organisation to assess its supply chain's vulnerability and restructure its resilience to properly anticipate, adapt, respond to, recover, and learn from a low-frequency, high-impact, extended and global disruption. In this study, we contribute to the supply chain risk management (SCRM) and resilience literature by synthesising previous studies on supply chain resilience (SCRE) and incorporating the dynamic role of the current pandemic, proposing a modified SCRE model. Moreover, we provide practical strategies to enhance SCRE by applying descriptive analytic techniques to 2019 and 2020 shipment data from a major food manufacturer in the Midwestern USA.

Keywords: supply chain; resilience models; control chart methodologies. (search for similar items in EconPapers)
Date: 2023
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