The role of supply chain risk mitigation strategies to manage supply chain disruptions
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Date
Authors
Nel, Jacobus D.
Journal Title
Journal ISSN
Volume Title
Publisher
AOSIS
Abstract
BACKGROUND : Supply chain disruptions have always existed, but have become more intense
during the last decade or so. Factors in the macro environment have also contributed and none
more so than during the coronavirus disease 2019 (COVID-19) pandemic. In general, firms
were not ready for disruptions caused by the COVID-19 pandemic. Yet, numerous firms were
resilient and recovered quicker to their pre-COVID positions than other firms.
OBJECTIVES : This research addressed how firms with effective supply chain risk mitigation
strategies managed supply chain disruptions caused by the COVID-19 pandemic and which
lessons were learned to prepare for future disruptions.
METHOD : An online survey instrument with scalable responses was used to conduct quantitative
research. A total of 221 workable questionnaires were used to analyse the data using SPSS
software. Several hypotheses were formulated and were tested using t-tests.
RESULTS : The findings show clear differences in how firms used agility and flexibility,
collaboration and redundancy as supply chain risk mitigation strategies to manage upstream,
internal and downstream disruptions.
CONCLUSION : The level of effective supply chain risk management strategies implemented by
firms seems to significantly contribute to the effective management of upstream, internal and
downstream disruptions. It appears as if agile and flexible firms that collaborate more with
their supply chain partners and who implement redundancy strategies, are better prepared to
respond to disruptions.
CONTRIBUTION : Managers can improve the effectiveness of their supply chain risk management
strategies by seeking more agile and flexible solutions, collaborating more with supply chain
partners and utilising redundancy strategies.
Description
DATA AVAILABILITY : The data that support the findings in this research are
available from the author, J.D.N., upon reasonable request.
Keywords
Supply chain risk mitigation, Supply chain disruption, Supply chain resilience, COVID-19 pandemic, Supply chain strategy, Supply chain agility, Supply chain flexibility, Supply chain collaboration, Coronavirus disease 2019 (COVID-19), SDG-09: Industry, innovation and infrastructure
Sustainable Development Goals
SDG-09: Industry, innovation and infrastructure
Citation
Nel, J.D., 2024, ‘The role of
supply chain risk mitigation
strategies to manage supply
chain disruptions’, Journal of
Transport and Supply Chain
Management 18(0), a1035.
https://DOI.org/10.4102/jtscm.v18i0.1035.