{"title":"Extenuating operational risks through digital transformation of agri-food supply chains","authors":"Imran Ali, K. Govindan","doi":"10.1080/09537287.2021.1988177","DOIUrl":null,"url":null,"abstract":"Abstract The increasingly unprecedented incidents (e.g. COVID-19) have made the contemporary supply chains more vulnerable to divergent risks and disruptions. Encouragingly, the recent trend of digital transformation, adoption of Industry 4.0 technologies (I4Ts), could significantly improve business processes extenuating potential risks and disruptions. Yet, there is a paucity of quantitative studies on the risk or disruption mitigation and I4Ts, specifically on agri-food industry. Using a sample of 302 firms from the Australian agri-food supply chains, we explore if the firms that adopt I4Ts experience the different impact of operational risks (supply-demand mismatch, financial and transportation) compared to others. The findings unveil that albeit such risks can significantly undermine firm performance, their negative effect is non-significant for the firms that adopt I4Ts compared to those that do not adopt. We thus suggest digital transformation as an effective way to extenuate operational risks and disruptions amid unanticipated events like COVID-19. Numerous contributions to theory and practice, plus United Nations Sustainable Development Goals (1 & 2) have been discussed.","PeriodicalId":20627,"journal":{"name":"Production Planning & Control","volume":"2 1","pages":"1165 - 1177"},"PeriodicalIF":6.1000,"publicationDate":"2021-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"27","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Production Planning & Control","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1080/09537287.2021.1988177","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ENGINEERING, INDUSTRIAL","Score":null,"Total":0}
引用次数: 27
Abstract
Abstract The increasingly unprecedented incidents (e.g. COVID-19) have made the contemporary supply chains more vulnerable to divergent risks and disruptions. Encouragingly, the recent trend of digital transformation, adoption of Industry 4.0 technologies (I4Ts), could significantly improve business processes extenuating potential risks and disruptions. Yet, there is a paucity of quantitative studies on the risk or disruption mitigation and I4Ts, specifically on agri-food industry. Using a sample of 302 firms from the Australian agri-food supply chains, we explore if the firms that adopt I4Ts experience the different impact of operational risks (supply-demand mismatch, financial and transportation) compared to others. The findings unveil that albeit such risks can significantly undermine firm performance, their negative effect is non-significant for the firms that adopt I4Ts compared to those that do not adopt. We thus suggest digital transformation as an effective way to extenuate operational risks and disruptions amid unanticipated events like COVID-19. Numerous contributions to theory and practice, plus United Nations Sustainable Development Goals (1 & 2) have been discussed.
期刊介绍:
Production Planning & Control is an international journal that focuses on research papers concerning operations management across industries. It emphasizes research originating from industrial needs that can provide guidance to managers and future researchers. Papers accepted by "Production Planning & Control" should address emerging industrial needs, clearly outlining the nature of the industrial problem. Any suitable research methods may be employed, and each paper should justify the method used. Case studies illustrating international significance are encouraged. Authors are encouraged to relate their work to existing knowledge in the field, particularly regarding its implications for management practice and future research agendas.