Risk Management of Supply Chains in the Digital Transformation Era: Contribution and Challenges of Blockchain Technology

K. Rauniyar, X. Wu, S. Gupta, S. Modgil and Ana Beatriz Lopes de Sousa Jabbour ()
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Ana Beatriz Lopes de Sousa Jabbour: Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School

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Abstract: Purpose: The high degree of likely disruption challenges organizations at all levels to develop and implement innovative strategies. Ensuring supply chain continuity even during emergency and complex situations is critical for organizations. Therefore, this study explores some strategies adopted by firms based on innovation and blockchain-enabled digital transformation to reduce risk in their supply chain. Design/methodology/approach: This study follows the qualitative form of enquiry. The authors interviewed 26 professionals from the supply chain domain. After three-layered coding and mapping multiple layers to the data of interviews, the authors identified emerging themes and sub-themes through a thematic analysis. Findings: The authors identified type of risks that can affect global supply chains along with both the role of blockchain and innovation culture in minimizing the degree of such risks and the challenges in adopting blockchain technologies. This led us to develop a framework to address supply chain risk through digital transformation through innovation and blockchain. Practical implications: This research offers exciting implications for practice by drawing on the insights gathered to facilitate supply chain risk management through innovation and blockchain applications for organizations that are strongly impacted by digital transformation practices around the world. The study also offers the utilization of a framework followed by propositions to reduce supply chain risks in the digital transformation era. Originality/value: This study focuses on presenting a mechanism of supply chain risk management through the application of innovation and blockchain technology for the digital transformation of a value chain. Blockchain can offer an innovative platform to ready the supply chain for future dynamic situations. \textcopyright 2021, Emerald Publishing Limited.

Keywords: Block-chain; Blockchain; Digital transformation; Industry 4.0; Innovation capabilities; Innovation capability; Innovation culture; Innovation Culture; Innovative strategies; Management of supply chains; Risk management; Risks management; Supply chain management; Supply chain risk; Supply chain risk management; Supply chains; Supply-chain risks (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

Published in Industrial Management and Data Systems, 2023, 123 (1), pp.253--277. ⟨10.1108/IMDS-04-2021-0235⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04276028

DOI: 10.1108/IMDS-04-2021-0235

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