Linking Supply Chain Resilience Strategies for Surviving Major Disruptions
Assistant Professor, Mahasarakham Business School, Mahasarakham University, Thailand
Lecturer, Faculty of Business Administration and Accountancy, Roi Et Rajabhat University, Thailand.
Lecturer, Faculty of Humanity and Social Science, Northeastern University, Thailand.
Associate Professor, Othman Yeop Abdullah Graduate School, Universiti Utara Malaysia, Malaysia
Supply chain disruptions, arising from the onset of the Coronavirus Disease 2019 pandemic over the preceding three years, have engendered a notable inflexibility within the supply chain. These disruptions, occurring concomitantly at the global network level, have led to the failure of individual connections and nodes inherent to the supply chain. Furthermore, a spectrum of events encompassing operational risks, natural disasters, pandemics, transportation disruptions, cyber insecurity, and financial crises is anticipated to precipitate significant disruptions in the future. This prospective scenario bears profound consequences for the resilience of supply chains. In academic spheres, there is a burgeoning interest in allocating resources towards enhancing supply chain flexibility. Such strategic investments are deemed instrumental in mitigating the risk associated with the non-attainment of project management objectives, thereby ensuring the sustenance of a competitive advantage in the market. Additionally, within each business's supply chain network, there exists the potential for adept individuals capable of navigating the current situation and adapting to various contingencies. Consequently, this adept management holds the promise of safeguarding supply chains, enhancing their resilience. This scholarly exposition systematically examined the extant literature pertaining to supply chain resilience, with a particular emphasis on the strategies and operational directives employed by diverse organizations. The inquiry discerned that the enhancement of supply chain resilience hinges on the implementation of a thorough assessment of mitigation scenarios within the supply chain. Additionally, resilience indicators emerged as valuable tools for evaluating the prevailing mitigation conditions within the supply chain.