Regional Supply Chains: Modern Challenges

Abstract

Aim.The presented study aims to analyze practical scientific approaches involving the use of digital technologies concerning the operation of regional supply chains.Tasks.The authors identify the major tendencies and trends associated with digitalization in regional supply chains; assess the impact of the benchmarking of regional supply chains as well as new forms and technologies used for stabilizing the movement of information and commodity flows during the period of quarantine restrictions.Methods.The methodological basis of this study includes the methods of evolutionary institutional theory, systems analysis, theory of industrial and technological balance, and general scientific research methods (analysis, synthesis, graphical methods, induction, deduction).Results.The study substantiates the need to standardize and unify digital systems and platforms for more efficient interaction between the participants of supply chains, including executive authorities. Large industrial and/or commercial organizations can become the driving force in this area due to their ability to invest in next-generation information and communication systems as well as to participate in the activities of industrial unions and associations that have lobbying resources that allow them to be included in regional digital entrepreneurship development programs, thus providing access to the digital infrastructure of the region. As part of the implementation of a follow-the-leader strategy, medium and small enterprises that serve as links in the supply chain will increase the level of digital business infrastructure to accelerate and improve interaction with partners. In turn, this will increase the speed, performance, and efficiency of regional supply chains, thereby enhancing their competitive advantages in the Russian market.Conclusions.The presented practical scientific approaches to analyzing modern challenges in relation to the operation of regional supply chains will make it possible to determine major trends associated primarily with the use of digital technologies. Big data analysis will make it possible to segment stock for each commodity item and monitor it in real time. Being prepared for changes will allow enterprises and organizations to enhance their competitive advantages even under unfavorable economic conditions.