THE RIPPLE EFFECT - IMPLICATIONS AND CONSEQUENCES OF INCIDENTAL DISRUPTIONS AND BLACK SWAN PHENOMENA IN THE SUPPLY CHAIN

Abstract

Global supply chains are one of the key components of the economy. Any disruption in their functioning can have implications for the global economic situation. Phenomena known as black swans have transformed supply chains. In addition, unforeseen incidental events have contributed to an increasing global ripple effect, the implications of which are unpredictable for all supply chain participants. Black swans have contributed to the increased use of digitalisation and automation processes, combined with algorithms to predict trends in an uncertain market. Models and concepts hitherto used to manage supply chains have become useless, and phenomena previously described as unlikely to occur have become part of reality. The intensification of the risks identified is related to the lengthening of supply chains, decreasing reliability of supply, lack of visibility and transparency of individual processes. New ways and methods of managing supply chains should provide a solution to these and identified problems. Supply chains have become more complex over recent years, becoming key elements of competitiveness for many companies. But their interconnected, global nature also makes them increasingly vulnerable to a range of risks and failures.Recent years have shown that the resilience of supply chains to global shocks and changes has been shaken. It is therefore important to examine how chains have changed, the implications of global shocks and what actions need to be taken to strengthen the resilience of new business models. The aim of this study is to analyse the scope, implications and possible consequences of these phenomena in supply chains. A bibliometric method will be used to realise this objective, using tools to support visualisation and inference within the phenomena under study).