Trends and applications of resilience analytics in supply chain modeling: systematic literature review in the context of the COVID-19 pandemic

Abstract

The increasingly global context in which businesses operate supports innovation, but also increases uncertainty around supply chain disruptions. The COVID-19 pandemic clearly shows the lack of resilience in supply chains and the impact that disruptions may have on a global network scale as individual supply chain connections and nodes fail. This cascading failure underscores the need for the network analysis and advanced resilience analytics we find lacking in the existing supply chain literature. This paper reviews supply chain resilience literature that focuses on resilience modeling and quantification and connects the supply chain to other networks, including transportation and command and control. We observe a fast increase in the number of relevant papers (only 47 relevant papers were published in 2007-2016, while 94 were found in 2017-2019). We observe that specific disruption scenarios are used to develop and test supply chain resilience models, while uncertainty associated with threats including consideration of "unknown unknowns" remains rare. Publications that utilize more advanced models often focus just on supply chain networks and exclude associated system components such as transportation and command and control (C2) networks, which creates a gap in the research that needs to be bridged. The common goal of supply chain modeling is to optimize efficiency and reduce costs, but trade-offs of efficiency and leanness with flexibility and resilience may not be fully addressed. We conclude that a comprehensive approach to network resilience quantification encompassing the supply chain in the context of other social and physical networks is needed to address the emerging challenges in the field. The connection to systemic threats, such as disease pandemics, is specifically discussed.

Corporate Social Responsibility and Organizational Resilience to COVID-19 Crisis: An Empirical Study of Chinese Firms

“…Since the outbreak and spread of the pandemic, despite difficulties and restrictions in many aspects of research conditions, a lot of studies have been conducted, seeking for factors that could help to raise the degree of resilience of firm health. For instance, Golan, Laura and Igor [5] review the literature of global supply chain resilience to reveal the requirement for the network analysis and advanced resilience analytics, thereby finding out the absence of the framing of specific disruption scenarios used to develop and test supply chain resilience models as well as the utilization of more advanced models that merely focus on supply chain networks. Ding, et al [78], one of the first research conducted on the influence of pre-2020 characteristics over firm resilience in COVID-19 provides empirical evidence that firms with stronger finance capacity, less exposure to global supply chain, and more CSR activities tend to suffer less severely from stock price drops.…”

“…By the middle of August 2020, the WHO reported 21,756,357 confirmed cases of COVID-19, including 771,635 deaths in 213 countries and territories around the world. Given its threat to human health, followed by mandated social distancing, lockdowns and transportation restrictions, the pandemic has profoundly hit the global economy via its pressure on supply chains [5], labor force, operation and sales of products and services [6].…”

Resilience and projects: An interdisciplinary crossroad

“…In business and management disciplines, the concept of resilience has been applied to explore psychological resilience of employees, resilient businesses (i.e. organisational resilience), and the resilience of loosely coupled systems such as supply chains (Linnenlueke, 2017; Golan et al., 2020 ). More recently, isolated research streams include utilising the concept to better understand management in extreme contexts ( Hällgren et al., 2018 ) as well as bridging the separate streams to understand the management of critical infrastructure systems ( Naderpajouh et al., 2018 ).…”

The post COVID-19 green recovery in practice: Assessing the profitability of a policy proposal on residential photovoltaic plants

“…The International Monetary Fund (2020) , in its outlook named “the Great Lockdown”, forecasts a sharp contraction of global economy – around −3% – that is much worse than the one observed during the 2008–9 financial crisis. Along with this dramatic economic crisis, the COVID-19 pandemic clearly showed “the lack of resilience in supply chains and the impact that disruptions may have on a global network scale as individual supply chain connections and nodes fail” ( Golan et al, 2020 ); a phenomenon which has brought to the attention of researchers, analysts and policy makers the need to push national economies to be more self-sufficient and rely more on short supply chains in order to enhance systemic resilience.…”