Risk and Uncertainty in Supply Chains as a Consequence of COVID-19 Pandemic

• Autorzy: Iwona Pisz , Sabina Kauf
• Języki publikacji: EN

Abstrakty

EN

The paper demonstrates enterprises gathered in supply chains and their condition in under the COVID-19 pandemic. The COVID-19 pandemic is treated here as a black swan phenomen. The purpose of this paper is to identify the risks and uncertainty in the supply chains being a consequences of the COVID-19 pandemic. The research is based on a literature survey (LS) own research and business management practices. In addition, the authors provide some recommendations for increasing the resilience and robust of enterprises affected by the pandemic.(original abstract)

Słowa kluczowe

EN

Risk; Enterprise risk; Enterprises; Supply chain; COVID-19; Resistance to changes

PL

Ryzyko; Ryzyko w przedsiębiorstwie; Przedsiębiorstwo; Łańcuch dostaw; COVID-19; Odporność na zmiany

• Czasopismo: Central European Review of Economics & Finance
• Rocznik: 2022
• Numer: Vol. 38, No 3
• Strony: 78--98

Twórcy

autor

Iwona Pisz

• Opole University, Poland

autor

Sabina Kauf

• Opole University, Poland

Bibliografia

• Araz, Ozgur Merih, Tsan-Ming Choi, David Olson, and Sibel Salman. 2020. Data analytics for operational risk management. Decision Sciences
• Armani, Andrea M., Darrell E. Hurt, Darryl Hwang, Meghan C. McCarthy, and Alexis Scholtz. 2020. Low-tech solutions for the COVID-19 supply chain crisis. Nature Reviews Materials 5: 403-6
• Bakshi, N. and Kleindorfer, P. (2009), Co-opetition and investment for supply-chain resilience, Production and Operations Management, Vol. 18 No. 6, pp. 583-603
• Dębkowska, K., Kłosiewicz-Górecka, U., Szymańska, A., Ważniewski, P., Zybertowicz, K. (2021), Tarcza Antykryzysowa... Koło ratunkowe dla firm i gospodarki?, Gniazdowski, M., Kubisiak, A., Kutwa, K., Rybacki, J. (współpr.), Polski Instytut Ekonomiczny, Warszawa, 2021 (in Polish)
• Ernst and Young. 2020. Nearly 80% of Board Members Felt Unprepared for a Major Risk Even Like COVID-19: EY Survey
• Hendricks, K.B., Singhal, V.R. and Zhang, R. (2009), The effect of operational slack, diversification, and vertical relatedness on the stock market reaction to supply chain disruptions, Journal of Operations Management, Vol. 27 No. 3, pp. 233-246
• Ivanov, Dmitry. 2020. Predicting the impacts of epidemic outbreaks on global supply chains: A simulation-based analysis on the coronavirus outbreak (COVID-19/SARS-CoV-2) case. Transportation Research Part E: Logistics and Transportation Review, 136
• Jüttner, U. (2005), Supply chain risk management: understanding the business requirements from a practitioner perspective, The International Journal of Logistics Management, Vol. 16 No. 1, pp. 120-41
• Kern, D., Moser, R., Hartmann, E. and Moder, M. (2012), Supply risk management: model development and empirical analysis, International Journal of Physical Distribution & Logistics Management, Vol. 42 No. 1, pp. 60-82
• Marchese K., Paramasivam S., The Ripple Effect - How manufacturing and retail executives view the growing challenge of supply chain risk, Deloitte, 2013
• McMaster, M.; Nettleton, C.; Tom, C.; Xu, B.; Cao, C.; Qiao, P. Risk Management: Rethinking Fashion Supply Chain Management for Multinational Corporations in Light of the COVID-19 Outbreak. J. Risk Financial Manag. 2020, 13, 173.
• Murphy JF, Jones J, Conner J. The COVID-19 pandemic: Is it a 'Black Swan'? Some risk management challenges in common with chemical process safety. Process Safety Progress. 2020;39(2):e12160. doi:10.1002/prs.12160
• Sherman, Erik. 2020. 94% of the Fortune 1000 Are Seeing Coronavirus Supply Chain Disruptions: Report. New York: Fortune
• Sodhi, M.S., Son, B. and Tang, C.S. (2012), Researchers' perspectives on supply chain risk management, Production and Operations Management, Vol. 21 No. 1, pp. 1-13
• Taleb NN. The Black Swan: the Impact of the Highly Improbable. New York, NY: Random House; 2007.
• The Global Risks Report 2022, 17th Edition, World Economic Forum, 2022.
• Verikios G., Sullivan M., Stojanovski P., Giesecke J., and Woo G., The Global Economic Effects of Pandemic Influenza. Paper prepared for the 14th Annual Conference on Global Economic Analysis, Venice, June 16-18, 2011.
• Wieland A., Wallenburg C.E., Dealing with supply chain risks Linking risk management practices and strategies to performance, International Journal of Physical Distribution & Logistics Management Vol. 42 No. 10, 2012 pp. 887-905
• Wieland A., Wallenburg C.E., The influence of relational competencies on supply chain resilience: a relational view, International Journal of Physical Distribution & Logistics Management Vol. 43 No. 4, 2013 pp. 300-320
• Zhou, Min, Xinxin Zhang, and Jieming Qu. 2020. Coronavirus disease 2019 (COVID-19): A clinical update. Frontiers of Medicine 14: 126-35
• https://covid19.who.int, [available: 21.01.2022]
• McKinsey&Company 2021, https://www.mckinsey.com/business-functions/operations/our-insights/how-covid-19-is-reshaping-supply-chains [available: 21.01.2022]

Identyfikatory

DOI

10.24136/ceref.2022.013