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The supply chain financing ecosystem: Early responses during the COVID-19 crisis
This study illustrates how the supply chain financing (SCF) ecosystem has responded to the COVID-19 crisis during the first year of its onset. The economic effects have manifested in disrupted supply chains, increased financial stress, and an overall negative impact on global trade. A multitude of o...
Autores principales: | , , , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier Ltd.
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10122550/ http://dx.doi.org/10.1016/j.pursup.2023.100836 |
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author | Choi, Thomas Y. Hofmann, Erik Templar, Simon Rogers, Dale S. Leuschner, Rudolf Korde, Rohan Y. |
author_facet | Choi, Thomas Y. Hofmann, Erik Templar, Simon Rogers, Dale S. Leuschner, Rudolf Korde, Rohan Y. |
author_sort | Choi, Thomas Y. |
collection | PubMed |
description | This study illustrates how the supply chain financing (SCF) ecosystem has responded to the COVID-19 crisis during the first year of its onset. The economic effects have manifested in disrupted supply chains, increased financial stress, and an overall negative impact on global trade. A multitude of organizations have struggled to manage their cash flow and working capital to survive the crisis. Overall, we explore how the SCF community as a business service ecosystem has intervened to provide organizations with opportunities to improve their liquidity. We use data obtained from a systematic, in-depth analysis of the practice-driven literature reporting on SCF activities as they unfolded in the early stages of the crisis. An inductive qualitative case study approach is applied to develop the grounded theoretical model that illustrates the SCF ecosystem's behaviors as it responded to the crisis. Furthermore, a post-hoc investigation, consisting of semi-structured interviews with 28 SCF experts, has been conducted to validate the theoretical model and to capture future developments. As we anticipate continuing global supply chain disruptions given the virus and its mutations, global warming, and trade wars among superpowers, our study provides insights for the behaviors of and relationships between the actors that comprise the SCF ecosystem in turbulent times. |
format | Online Article Text |
id | pubmed-10122550 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Elsevier Ltd. |
record_format | MEDLINE/PubMed |
spelling | pubmed-101225502023-04-24 The supply chain financing ecosystem: Early responses during the COVID-19 crisis Choi, Thomas Y. Hofmann, Erik Templar, Simon Rogers, Dale S. Leuschner, Rudolf Korde, Rohan Y. Journal of Purchasing and Supply Management Article This study illustrates how the supply chain financing (SCF) ecosystem has responded to the COVID-19 crisis during the first year of its onset. The economic effects have manifested in disrupted supply chains, increased financial stress, and an overall negative impact on global trade. A multitude of organizations have struggled to manage their cash flow and working capital to survive the crisis. Overall, we explore how the SCF community as a business service ecosystem has intervened to provide organizations with opportunities to improve their liquidity. We use data obtained from a systematic, in-depth analysis of the practice-driven literature reporting on SCF activities as they unfolded in the early stages of the crisis. An inductive qualitative case study approach is applied to develop the grounded theoretical model that illustrates the SCF ecosystem's behaviors as it responded to the crisis. Furthermore, a post-hoc investigation, consisting of semi-structured interviews with 28 SCF experts, has been conducted to validate the theoretical model and to capture future developments. As we anticipate continuing global supply chain disruptions given the virus and its mutations, global warming, and trade wars among superpowers, our study provides insights for the behaviors of and relationships between the actors that comprise the SCF ecosystem in turbulent times. Elsevier Ltd. 2023-04-22 /pmc/articles/PMC10122550/ http://dx.doi.org/10.1016/j.pursup.2023.100836 Text en © 2023 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active. |
spellingShingle | Article Choi, Thomas Y. Hofmann, Erik Templar, Simon Rogers, Dale S. Leuschner, Rudolf Korde, Rohan Y. The supply chain financing ecosystem: Early responses during the COVID-19 crisis |
title | The supply chain financing ecosystem: Early responses during the COVID-19 crisis |
title_full | The supply chain financing ecosystem: Early responses during the COVID-19 crisis |
title_fullStr | The supply chain financing ecosystem: Early responses during the COVID-19 crisis |
title_full_unstemmed | The supply chain financing ecosystem: Early responses during the COVID-19 crisis |
title_short | The supply chain financing ecosystem: Early responses during the COVID-19 crisis |
title_sort | supply chain financing ecosystem: early responses during the covid-19 crisis |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10122550/ http://dx.doi.org/10.1016/j.pursup.2023.100836 |
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