SUPPLY CHAIN MANAGEMENT: RISK AND RESILENCE STRATIGIES DURING COVID-19
Shobhit Saxena (MBA Student, Galgotias University)
Dr. Ranjul Rastogi (Professor) School of Business, Galgotias University
ABSTRACT
The COVID-19 pandemic has challenged deliver chains more seriously challenged than ever earlier than. at some point of this prolonged global fitness disaster, deliver chain managers have been forced to rely usually on solutions evolved for limited and foreseeable crises. This has a look at aimed to recognize how nicely existing answers facilitated supply chain resilience within the United Kingdom perishable goods marketplace. steady with this aim, we advanced a studies version primarily based on the supply chain resilience literature and tested it with covariance-primarily based structural equation modelling. information has been gathered from 282 retail employees. deliver chain speed became the preferred measure of resilience. The findings demonstrate that pandemic-related disruptions have affected resilience constructing activities. whilst each proactive and reactive techniques have promoted resilience building during the pandemic, they have now not been enough to ameliorate all of the pandemic's poor results. Innovation featured as the most effective factor, followed by way of robustness, empowerment, and danger management through decreased hazard. The impact of company length become big most effective on supply chain hazard management, with larger businesses extra successfully making use of risk control practices. The outcomes emphasise the significance of innovation for deliver chain resilience. no matter company length, innovation works for each business enterprise. Empowerment is another costless and effective device. therefore, it's miles secure to conclude that innovation and empowerment can assist establishments to manipulate their supply chains efficaciously all through crises. businesses can make stronger their supply chain resilience by way of developing sturdy relationships with their provider and employees.
key phrases: deliver chain resilience, COVID-19 pandemic, Innovation.