Mitigate Supply Chain Research Articles

Reduce supply chain financing risks through supply chain integration: dual approaches of alleviating information asymmetry and mitigating supply chain risks

PurposeInformation asymmetry and poor solvency caused by uncertainties in supply chains are the root causes of supply chain financing risks (SCFR). The purpose of this paper is to explore the effect of supply chain integration on reducing SCFR by incorporating the mechanisms of information sharing and controlling supply chain risks (SCR).Design/methodology/approachThis paper proposes hypothesis to discuss the impact of integration on SCFR and the mediating roles of alleviating information asymmetry and mitigating SCR, aiming at discovering factors and mechanisms to reduce SCFR. The research model was validated by applying structural equation modeling on survey data from 321 Chinese small and medium-sized enterprises (SMEs).FindingsIntegration significantly reduces SCFR by dual approaches of information sharing and mitigating SCR, confirming that alleviating information asymmetry to reach information transparency and controlling SCR to reduce uncertainties facilitate less SCFR.Research limitations/implicationsSMEs should enhance integration capability to reduce SCFR as it greatly influences the evaluation of financial service providers on SMEs and the sustainable financing capacity of SMEs. Additionally, any other methods that can improve information sharing and reduce SCR should be attached if possible.Originality/valueThis study represents a pioneering attempt to analyze the impact of integration on reducing SCFR by exploring the specific mechanisms of alleviating information asymmetry and mitigating SCR. Meanwhile, few prior empirical studies have highlighted the importance of SCFR.

Managing supply chain risks with dual sourcing: Bayesian learning of censored supply capacity

Dual sourcing is a common strategy for mitigating supply chain risks, with supply capacity uncertainty being one of the most significant risks. However, firms often have limited knowledge about uncertain supply capacity, and can only observe it when the delivered quantity is less than the ordered amount. This leads to censored supply capacity observations. To investigate how supply capacity learning affects dual-sourcing decisions, we propose a model of a firm sourcing non-storable substitute products from an expensive reliable supplier and an inexpensive unreliable supplier to meet a deterministic time-varying demand over a finite horizon. The unreliable supplier has a random capacity with an unknown parameter. The firm updates its belief about this parameter using Bayesian learning and adapts its sourcing decisions to balance the tradeoff between maximizing current profits based on its current belief (exploitation) and increasing the precision of its belief for future periods (exploration). We use Bayesian dynamic programming to determine the firm’s myopic sourcing policy and partially characterize its optimal sourcing policy. We apply a state space reduction technique to Weibull distributed capacity, resulting in an inductively solvable optimization problem. The optimal sourcing policy can be obtained under a condition that ensures splitting the demand between the suppliers is optimal. For exponentially distributed capacity, the optimization problem has a recursive closed-form solution, and the optimal sourcing policy is such that the optimal order quantity from the reliable (unreliable) supplier is smaller (greater) than the myopic quantity. We complement our analytical results with numerical examples and discuss extensions to random demand and inventory carryover.

Navigating Supply Chain Risk: Exploring the Influence on Supply Chain Integration and Agility Performance in Sri Lankan Apparel Manufacturing Companies

The ever-changing and volatile nature of today's economic climate places a significant strain on supply chain management. Manufacturing organizations, particularly in developing nations like Sri Lanka, are exposed to a number of hazards that could impair overall performance and disrupt supply chain operations. Utilizing the Resource Based View (RBV) and Dynamic Capability View (DCV), this study sought to determine the effects of supply chain risk on supply chain integration and agility performance. The study is quantitative and cross-sectional, with data collected by a standardized questionnaire. 165 apparel manufacturing plants registered under the Board of Investment (BOI) in Sri Lanka were selected for the survey with the systematic random sample. Data analysis was performed using SPSS 20.0 and Structural Equation Modeling with Smart PLS. The findings show that supply chain risk has a significant positive impact on supply chain integration. Furthermore, Supply chain integration impacts on the agility performance. The results support the presence of mediation of supply chain integration on the supply chain risk and agility performance. These findings point to a positive and significant relationship between supply chain risk and supply chain integration. In addition, supply chain integration has a positive effect on the agility performance. The findings corroborate the existence of a mediating effect of supply chain integration on supply chain risk and agility performance. The results of this study indicate that organizations mitigate supply chain risk by fostering customer and supplier partnerships that boost agility and flexibility. Moreover, supply chain integration can assist businesses lessen the negative effects of supply chain risk on their agility performance by enhancing coordination, communication, and responsiveness across the various phases of the supply chain.

What Makes Bangladeshi RMG Suppliers Resilient in Global Apparel Supply Chain Management?

The global Readymade Garments (RMG) industry heavily relies on global supply chain management that aims to seek suppliers offering affordable, high-quality products delivered quickly. However, research on the factors influencing supplier selection in the RMG sector is scarce, and existing models fail to explain the paradox of rising exports in Bangladesh despite supply chain disruptions. This research strived to pervade this knowledge gap through a mixed-method empirical study on 66 international clothing brands. The findings reveal a two-step supplier selection process involving enlistment in a qualified supplier pool and subsequent allocation of work orders within the pool. Supplier competence and competitiveness are critical for enlistment and order qualification, while supplier relationship, competitiveness, and competence influence the selection of order winners. Notably, larger companies prioritize relationships in supplier selection. International RMG buying companies should focus on supplier competence factors to mitigate supply chain risks and maintain positive public relations. For the same reason, Bangladeshi policymakers should enforce compliance and help RMG suppliers to gain competencies.

Leveraging data-driven decisions: a framework for building intracompany capability for supply chain optimization and resilience

PurposeCompanies are turning to big data (BD) programs to help mitigate supply chain (SC) disruptions and risks that are increasing in frequency and severity. The purpose of this paper is to explore exactly how companies translate data into meaningful information used to manage SC risk and create economic value; an area not well researched. As companies are turning to big-data programs to help mitigate supply chain (SC) disruptions and risks that are increasing in frequency and severity, having the capability to internally integrate SC information is cited as the most critical risk to manage.Design/methodology/approachInformation processing theory and resource-based view are applied to support capability development used to make value-based BD decisions. Semi-structured interviews were conducted with leaders in both the oil and gas industry and logistics SC partners to explore each companies’ BD transformation.FindingsFindings illuminate how companies can build internal capability to more effectively manage SC risk, optimize operating assets and drive employee engagement.Research limitations/implicationsThe oil and gas industry were early adopters of gathering BD; more studies addressing how companies translate data to create value and manage SC risk would be beneficial.Practical implicationsGuidance for senior leaders to proactively introduce BD to their company through a practical framework. Further, this study provides insight into where the maximum benefit may reside, as data intersects with other company resources to build an internal capability.Originality/valueThis study presents a framework highlighting best practices for introducing BD plus creating a culture capable of using that data to reduce risk during design, implementation and ongoing operations. The steps for producing the maximum benefit are laid out in this study.

Mitigating Supply Chain Challenges

How to avoid delays and accelerate development cycles with optimised design processes.

Reusables: A Reliable Solution for Some Supply Chain Shortages

Article| April 2023 Reusables: A Reliable Solution for Some Supply Chain Shortages Scott D. Augustine, MD Scott D. Augustine, MD Search for other works by this author on: This Site PubMed Google Scholar ASA Monitor April 2023, Vol. 87, e5. https://doi.org/10.1097/01.ASM.0000925048.22312.a7 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn MailTo Cite Icon Cite Get Permissions Search Site Citation Scott D. Augustine; Reusables: A Reliable Solution for Some Supply Chain Shortages. ASA Monitor 2023; 87:e5 doi: https://doi.org/10.1097/01.ASM.0000925048.22312.a7 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll PublicationsASA Monitor Search Advanced Search Topics: bedding and linens, china, surgical gowns, surgical procedures, operative, anesthesia equipment, carbon dioxide, catheters, disclosure, grassland, health care systems I applaud Dr. Tewfik and Mr. Paschall for their recent ASA Monitor article “Supply Chain Concerns and the Effect on Health Care Systems: Essential Considerations for Anesthesia Providers” (ASA Monitor 2022;86:1-8). However, noticeably absent from their “Strategies to mitigate supply chain vulnerabilities” was any mention of switching to reusable products when they are available and safe. Those of us who trained in the 1980s remember that most of our anesthesia equipment was reusable, and it worked just fine. Yes, it does require cleaning, but at least you have the device when you need it, irrespective of the supply chain issue of the day. The idea that everything needs to be thrown away after one use is a relatively recent concept. The switch to disposables was not just a matter of convenience for the user or perceived safety for the patient; single-use disposables are far more profitable for the... You do not currently have access to this content.

Strategies to Mitigate Supply Chain Disruptions During COVID-19: The Lived Experience of SC Professionals

Strategies to Mitigate Supply Chain Disruptions During COVID-19: The Lived Experience of SC Professionals

Horizontal collaboration between suppliers to mitigate supply chain disruption: A secure resource sharing strategy

Resource sharing is a flexible recovery strategy that has attracted attention with the outbreak of global disruption. Horizontal cooperation could lead to mutual benefits and reduce the negative consequences during the recovery period. This paper emphasizes the advantages of sharing resources between two competing suppliers under disruption. Suppliers share a secure source of inventory to absorb the shocks of disruption. The stability of relationships between suppliers is sensitive to several factors. Accordingly, an evolutionary game model is developed followed by a replicator dynamic analysis to study the stability of strategies under disruption scenarios. A hybrid agent-based system dynamics framework is built using AnyLogic software to simulate the relationships, interactions, and the effect of parameters in the adopted strategies of suppliers. Compared with mutual incentives and penalty costs, findings indicate that the value of secure resources and the number of shortages have higher impacts on the stability of cooperation. A higher rate of shortages could undermine collaboration. Results show that the initial mindset of suppliers to follow a collaborative approach is a key driver for the stable implementation of collaborative resource sharing. This paper highlights the benefits of implementing new technologies to improve supply flexibility through horizontal integration with competitors.

The Role of Business Environment and Digital Government in Mitigating Supply Chain Vulnerability—Evidence from the COVID-19 Shock

In recent years, the continuous spread of the COVID-19 epidemic has impacted the supply chain of enterprises. Mitigating the supply chain’s vulnerability has great significance for the survival and development of enterprises. Optimizing the business environment and building a digital government will help improve the external environment for enterprise development. However, its impact on the vulnerability of the enterprise supply chain has yet to be studied. Taking the impact of COVID-19 as an example, this paper uses the survey data of nearly 40,000 enterprises of the National Federation of Industry and Commerce in 2020 and “10,000 private enterprises evaluating the business environment”, to conduct systematic empirical research and fill the research gap in this area. The study indicates that the business environment and digital government can significantly mitigate the impact of COVID-19 on the supply chain. This conclusion is still valid after a series of robustness tests. Mechanism analysis demonstrates that the business environment and digital government can prompt the government to introduce effective mitigation measures promptly, better guarantee production factors and logistics, and thus improve the vulnerability of the enterprise supply chain. This study deepens our understanding of the economic outcome of the business environment and digital government and also sheds new light on supply chain management.

Impact of Logistics Capabilities on Mitigation of Supply Chain Uncertainty and Risk in Courier Firms in Pakistan

Logistics capability is an essential capacity for transport and logistics firm to convey the value and services to the client. However, supply chain uncertainty and risk establish the obstacle while achieving operational excellence. The main objective of this research is to examine the impact of logistic capabilities on mitigating supply chain uncertainty and risk in courier firms in Pakistan. Research identified that operational flexibility, innovation and process optimization has a significant positive impact on company side risk and uncertainties whereas process optimization also positively impacted on customer’s side risk and uncertainties. An online survey was conducted and data were obtained from sample size of 150 employees from Pakistani logistics companies. We performed multiple regression analysis to indicate the impact of logistics capability in mitigation of supply chain uncertainty and risk.

Managing Supply Chain Disruptions in Nigerian Seaport Companies

In Nigeria, seaport companies have lost significant revenue since 2000 because of supply chain disruptions. If not mitigated, supply chain disruptions at Nigerian seaports will significantly affect organizational output and profitability. The purpose of this research was to explore strategies some seaport business leaders use to mitigate supply chain disruptions in Lagos, Nigeria. Supply chain management theory was the conceptual framework for this single case study. Data were collected using semistructured interviews with 4 participants from a Nigerian seaport company that adopted successful strategies to mitigate supply chain disruptions and review of company documents for methodological triangulation. Using thematic analysis, the 5 primary themes were corruption, seaport congestion, bureaucratic bottleneck, equipment failures, and employee disputes.

The Role of Business Environment and Digital Government in Mitigating Supply Chain Vulnerability—Evidence from the COVID-19 Shock

The Role of Business Environment and Digital Government in Mitigating Supply Chain Vulnerability—Evidence from the COVID-19 Shock

Critical Enablers that Mitigate Supply Chain Disruption: A Perspective from Indian MSMEs

The study attempts to identify the critical enablers that can mitigate supply chain (SC) disruption and model the interconnectedness among them in the context of the Indian Micro, Small and Medium Enterprises (MSMEs). The supply chain in many Indian MSMEs has been seriously affected by the COVID-19 pandemic, bringing forth the need to identify avenues that can mitigate the disruptions. This study conducts a two-stage qualitative interview and a structured interview with MSME owners. Domain experts are associated with the automotive, aerospace and design services industries. Based on their responses, we have identified seven major critical enablers specific in the context of Indian MSMEs. To model the interconnection among these factors, we have used the ISM (Interpretive Structural Modelling) approach. Results suggest that ‘top management support’ is the most crucial enabler in the hierarchy. Further, we find that if the supply chain is designed efficiently with redundancy in mind and the culture of the MSME remains conducive, advanced forms of ‘multi-sourcing’ and differentiated logistics can be explored to mitigate supply chain disruption.

The Russia-Ukraine Conflict: Its Implications for the Global Food Supply Chains.

Food is one of the most traded goods, and the conflict in Ukraine, one of the European breadbaskets, has triggered a significant additional disruption in the global food supply chains after the COVID-19 impact. The disruption to food output, supply chains, availability, and affordability could have a long-standing impact. As a result, the availability and supply of a wide range of food raw materials and finished food products are under threat, and global markets have seen recent increases in food prices. Furthermore, the Russian-Ukrainian conflict has adversely affected food supply chains, with significant effects on production, sourcing, manufacturing, processing, logistics, and significant shifts in demand between nations reliant on imports from Ukraine. This paper aims to analyze the impacts of the conflict between Russia and Ukraine on the effectiveness and responsiveness of the global food supply chains. A PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) approach, including grey literature, was deployed to investigate six key areas of the food supply chains that would be impacted most due to the ongoing war. Findings include solutions and strategies to mitigate supply chain impacts such as alternative food raw materials, suppliers and supply chain partners supported by technological innovations to ensure food safety and quality in warlike situations.

Strategies to mitigate barriers to supply chain sustainability: an apparel manufacturing case study

PurposeThis research aims to develop a decision support framework to determine the optimal strategies for mitigating supply chain sustainability (SCS) barriers.Design/methodology/approachTo operationalize the research objectives, both qualitative and quantitative methods were adopted. The qualitative phase comprised a field study, while a quality function deployment approach and optimisation technique were used in the quantitative phase.FindingsThis study finds that a lack of support from top management and cost and utility supply problems are the primary barriers to SCS. This study also finds that incentives for suppliers to implement sustainability practices, awareness building among supply chain members and supplier development are the main strategies to mitigate the barriers.Practical implicationsThe findings of this study will assist the supply chain managers in prioritizing sustainability barriers and implementing the optimal strategies to mitigate the barriers.Originality/valueFounded on the stakeholder theory and dynamic capability view, this study developed a unique decision support framework to identify appropriate strategies for mitigating SCS barriers while optimizing the social, environmental and economic objectives of the supply chain.

Mitigation themes in supply chain research during the COVID-19 pandemic: a systematic literature review

PurposeThe purpose of this paper is to understand the themes and direction of supply chain mitigation and resilience research during the COVID-19 pandemic by conducting a systematic literature review (SLR) of supply chain mitigation literature since pandemic.Design/methodology/approachThis study uses the Web of Science (WoS) Database to analyze the contribution in supply chain mitigation literature by authors, themes in supply chain mitigation and the citing articles. An investigation based on bibliometric approach for the SLR represents the bibliographic data of over 530 publications between the years 2020–2021. Additionally, the article also develops graphical visualizations of the bibliographic data analyzed using the R-program Bibliometrix to ascertain the top sources, authors, keywords and conceptual themes.FindingsMost strategies in the existing literature focused on reactive approaches to supply chain disruption and current mitigation literature has not evolved in parallel to the changing macro environment leaving a wide gap in considering vaccines as a supply chain mitigation strategy. Hence, this study identifies the potential need to focus on building proactive supply chain mitigation strategies preferably by studying the role of vaccines in mitigating supply chains.Practical implicationsThis article helps the reader to understand the scientific research in terms of contributions in supply chain mitigation research since pandemic. Though, the time frame considered limits the connection the findings to previous work on supply chain disruptions and mitigation, it offers an understanding of the various mitigation themes evolved in light of mitigating the supply chain disruptions as one caused by the current pandemic. Further, this research helps us understand how businesses can help reduce the social consequences by preventing the disruptions and helping life normalize during this ongoing COVID-19 pandemic.Originality/valueThis is the first of its kind contribution offering a SLR of supply chain mitigation strategies during the COVID-19 pandemic identifying the focal themes in current literature and establishing the need for future venues of research studying the role of vaccines in supply chain mitigation strategies.

Adoption of innovative strategies to mitigate supply chain disruption: COVID-19 pandemic

COVID-19 pandemic outbreak caused supply chain (SC) disruption and threatened human life across the world, which could be mitigated through innovative strategies. Based on this scenario, this study examines the impact of COVID-19 on green practices, SC crisis mitigation strategies, smart technologies, and sustainable supply chain performance in the Pakistani manufacturing industry. Data was collected from Pakistani firms and employed structural equation modeling for testing hypotheses. The empirical results found that the COVID-19 pandemic is statistically related to green practices, SC crisis mitigation strategies, and smart technologies, while it harms sustainable supply chain performance. Moreover, green practices, SC crisis mitigation strategies, and smart technologies positively contribute to sustainable supply chain performance. The results of this study also confirmed the mediating role of green practices, SC crisis mitigation strategies, and smart technologies and moderating role organizational commitment in the context of a developing economy’s manufacturing industry. This study enhances awareness and understanding and contributes to the existing literature on verifying the link between COVID-19 pandemic and green practices, SC crisis mitigation strategies, and smart technologies to increase sustainable supply chain performance during a pandemic disruption in the Pakistani context. This study supports the managers of supply chain and manufacturing firms in adopting green practices and smart technologies. Also, it helps in the formation and successful implementation of SC crisis mitigation strategies during the crisis.

The effect of supply chain orientation on supply chain risk and uncertainty: An application on members of dairy products supply chain in erzurum city in Turkey

Identifying risk and uncertainty is paramount and there are methods and tools deployed to alleviate risk and uncertainty for a supply network to be resilient (Kumar, Mangla, Kumar and Song, 2021). And supply chain orientation (SCO) is one of tools to mitigate supply chain risk and uncertainty (SCRU). The goal of the study is to identify the impact of SCO on SCRU in the dairy supply chain. And the other purpose of the study is to investigate perception differences among supply chain members (dairy farmers, dairy plants and dairy retailers) of SCO and SCRU. And scope of the study is dairy farmers, dairy plants and dairy retailers that are doing business in Erzurum dairy supply chain. And Erzurum city is chosen for the study because economic events taking place in Erzurum has wider consequences for the whole region. According to the study it is determined that there is a perception difference among dairy supply network partners of SCO and SCRU. And finally, it is determined that SCO affects dairy SCRU negatively. This means as SCO among members increases SCRU decreases in the dairy products supply network. So, SCO can be an effective tool for mitigating SCRU in the dairy products supply chain.

Evaluating the performance of supply chain risk mitigation strategies using network data envelopment analysis

Supply chain risk mitigation involves investing in strategic activities that minimize the financial impact of disruptions to the flow of goods in a supply chain. However, methods for assessing these strategies are not well established. Given the importance of mitigating supply chain risk, having a quantitative method for evaluating risk mitigation is imperative. This paper constructs a network data envelopment analysis (NDEA) model to assess risk mitigation investments by considering the cost of the strategies, performance outcomes, and interdependencies among the different stages of the supply chain. Risk mitigation strategies in this study were measured at the supplier, manufacturing, and customer segments of a firm's supply chain. Efficiency analysis (comparing NDEA to traditional approaches) shows that NDEA provides a more holistic and useful assessment of supply chain risk mitigation performance.