{"title":"The role of supply chain risk mitigation strategies to manage supply chain disruptions","authors":"Jacobus D. Nel","doi":"10.4102/jtscm.v18i0.1035","DOIUrl":null,"url":null,"abstract":"Background: Supply chain disruptions have always existed, but have become more intense during the last decade or so. Factors in the macro environment have also contributed and none more so than during the coronavirus disease 2019 (COVID-19) pandemic. In general, firms were not ready for disruptions caused by the COVID-19 pandemic. Yet, numerous firms were resilient and recovered quicker to their pre-COVID positions than other firms.Objectives: This research addressed how firms with effective supply chain risk mitigation strategies managed supply chain disruptions caused by the COVID-19 pandemic and which lessons were learned to prepare for future disruptions.Method: An online survey instrument with scalable responses was used to conduct quantitative research. A total of 221 workable questionnaires were used to analyse the data using SPSS software. Several hypotheses were formulated and were tested using t-tests.Results: The findings show clear differences in how firms used agility and flexibility, collaboration and redundancy as supply chain risk mitigation strategies to manage upstream, internal and downstream disruptions.Conclusion: The level of effective supply chain risk management strategies implemented by firms seems to significantly contribute to the effective management of upstream, internal and downstream disruptions. It appears as if agile and flexible firms that collaborate more with their supply chain partners and who implement redundancy strategies, are better prepared to respond to disruptions.Contribution: Managers can improve the effectiveness of their supply chain risk management strategies by seeking more agile and flexible solutions, collaborating more with supply chain partners and utilising redundancy strategies.","PeriodicalId":1,"journal":{"name":"Accounts of Chemical Research","volume":"26 12","pages":""},"PeriodicalIF":16.4000,"publicationDate":"2024-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounts of Chemical Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.4102/jtscm.v18i0.1035","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CHEMISTRY, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 0
Abstract
Background: Supply chain disruptions have always existed, but have become more intense during the last decade or so. Factors in the macro environment have also contributed and none more so than during the coronavirus disease 2019 (COVID-19) pandemic. In general, firms were not ready for disruptions caused by the COVID-19 pandemic. Yet, numerous firms were resilient and recovered quicker to their pre-COVID positions than other firms.Objectives: This research addressed how firms with effective supply chain risk mitigation strategies managed supply chain disruptions caused by the COVID-19 pandemic and which lessons were learned to prepare for future disruptions.Method: An online survey instrument with scalable responses was used to conduct quantitative research. A total of 221 workable questionnaires were used to analyse the data using SPSS software. Several hypotheses were formulated and were tested using t-tests.Results: The findings show clear differences in how firms used agility and flexibility, collaboration and redundancy as supply chain risk mitigation strategies to manage upstream, internal and downstream disruptions.Conclusion: The level of effective supply chain risk management strategies implemented by firms seems to significantly contribute to the effective management of upstream, internal and downstream disruptions. It appears as if agile and flexible firms that collaborate more with their supply chain partners and who implement redundancy strategies, are better prepared to respond to disruptions.Contribution: Managers can improve the effectiveness of their supply chain risk management strategies by seeking more agile and flexible solutions, collaborating more with supply chain partners and utilising redundancy strategies.
期刊介绍:
Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance.
Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.