Abstract
In the face of an external environment featuring a high level of risk, multiple changes, and high uncertainty, the supply chain’s emergency replenishment, collaborative management, regulation of organic commodity, and low-cost rapid response will promote its’ sustainable growth and development, which is necessary for today’s economic development. The digitization and flexibility of the supply chain are of great value in obtaining the sustainable development of the supply chain. When dealing with an uncertain environment and market risk, current supply chain flexibility not only functions through its internal organizational flexibility, but also through collaborative creation and an extended supply chain network which will proactively form a replenishment supply sub-chain driven by the need for change responsiveness. This article constructs an associated model consisting of digitization, supply chain flexibility, and sustainability using an empirical analysis method to explore the implicit correlation of these factors. The analysis results of the mediating effect model show that both digitization and flexibility have significant positive effects on the sustainable development of the supply chain. Collaborative knowledge creation and supply chain flexibility play multiple mediating roles while market uncertainty positively moderates the impact of supply chain flexibility on supply chain sustainable development.
Highlights
With the increasingly complicated social labor division and uncertain market environment, enterprises are bearing increased pressure caused by uncertain factors [1]
The COVID-19 pandemic that broke out in early 2020 is still spreading, which has brought a huge challenge to the global supply chain
The results show that the flexibility of the supply chain has a great positive influence on the supply chain’s social and environmental sustainability
Summary
With the increasingly complicated social labor division and uncertain market environment, enterprises are bearing increased pressure caused by uncertain factors [1]. Many enterprises around the world are still facing the difficulties of labor shortage, transportation disruption, and supply chain disruption [2]. According to the operating data of micro, small, and medium enterprises in China (including information regarding operating revenue and the number of active companies) collected by the Internet Finance Laboratory, Pudaokou School of Finance of Tsinghua. 35.12 billion yuan; the annual total business transaction record was 12.8 trillion yuan, accounting for 12.9% of the national GDP of China in 2019. These data can provide a snapshot of the impact of COVID-19 on the operations of small and mediumsized enterprises in China.
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