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Paradoxes and mysteries in virus-infected supply chains: Hidden bottlenecks, changing consumer behaviors, and other non-usual suspects
In the early onset of the COVID-19 pandemic in the U.S., consumers experienced surprising shortages of essential goods that appeared to be unrelated to the pandemic: toilet paper, yeast and flour, and meat cuts. The usual explanations—attributing these shortages to demand spikes—often failed to prov...
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Formato: | Online Artículo Texto |
Lenguaje: | English |
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Kelley School of Business, Indiana University. Published by Elsevier Inc.
2022
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Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9692205/ https://www.ncbi.nlm.nih.gov/pubmed/36447932 http://dx.doi.org/10.1016/j.bushor.2021.06.003 |
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author | Kouvelis, Panos |
author_facet | Kouvelis, Panos |
author_sort | Kouvelis, Panos |
collection | PubMed |
description | In the early onset of the COVID-19 pandemic in the U.S., consumers experienced surprising shortages of essential goods that appeared to be unrelated to the pandemic: toilet paper, yeast and flour, and meat cuts. The usual explanations—attributing these shortages to demand spikes—often failed to provide an adequate explanation or predicted only temporary shortages. But these shortages ended up being real supply-chain struggles for which the true causes revealed a deeper set of unusual causes. Our detailed analysis of these supply chains identifies overlooked failure factors and hidden causes. We conclude with the profound lessons learned from the pandemic crisis on supply chains and the implied challenges of building resilient supply chains for the future, which require rethinking the relevant systems we plan and optimize. The level of investment required for building firm-specific redundancy of assets and operational flexibility might be prohibitive for any one firm, or their financial stakeholders, to pursue and accept. |
format | Online Article Text |
id | pubmed-9692205 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | Kelley School of Business, Indiana University. Published by Elsevier Inc. |
record_format | MEDLINE/PubMed |
spelling | pubmed-96922052022-11-25 Paradoxes and mysteries in virus-infected supply chains: Hidden bottlenecks, changing consumer behaviors, and other non-usual suspects Kouvelis, Panos Bus Horiz Article In the early onset of the COVID-19 pandemic in the U.S., consumers experienced surprising shortages of essential goods that appeared to be unrelated to the pandemic: toilet paper, yeast and flour, and meat cuts. The usual explanations—attributing these shortages to demand spikes—often failed to provide an adequate explanation or predicted only temporary shortages. But these shortages ended up being real supply-chain struggles for which the true causes revealed a deeper set of unusual causes. Our detailed analysis of these supply chains identifies overlooked failure factors and hidden causes. We conclude with the profound lessons learned from the pandemic crisis on supply chains and the implied challenges of building resilient supply chains for the future, which require rethinking the relevant systems we plan and optimize. The level of investment required for building firm-specific redundancy of assets and operational flexibility might be prohibitive for any one firm, or their financial stakeholders, to pursue and accept. Kelley School of Business, Indiana University. Published by Elsevier Inc. 2022 2021-06-10 /pmc/articles/PMC9692205/ /pubmed/36447932 http://dx.doi.org/10.1016/j.bushor.2021.06.003 Text en © 2021 Kelley School of Business, Indiana University. Published by Elsevier Inc. 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 Kouvelis, Panos Paradoxes and mysteries in virus-infected supply chains: Hidden bottlenecks, changing consumer behaviors, and other non-usual suspects |
title | Paradoxes and mysteries in virus-infected supply chains: Hidden bottlenecks, changing consumer behaviors, and other non-usual suspects |
title_full | Paradoxes and mysteries in virus-infected supply chains: Hidden bottlenecks, changing consumer behaviors, and other non-usual suspects |
title_fullStr | Paradoxes and mysteries in virus-infected supply chains: Hidden bottlenecks, changing consumer behaviors, and other non-usual suspects |
title_full_unstemmed | Paradoxes and mysteries in virus-infected supply chains: Hidden bottlenecks, changing consumer behaviors, and other non-usual suspects |
title_short | Paradoxes and mysteries in virus-infected supply chains: Hidden bottlenecks, changing consumer behaviors, and other non-usual suspects |
title_sort | paradoxes and mysteries in virus-infected supply chains: hidden bottlenecks, changing consumer behaviors, and other non-usual suspects |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9692205/ https://www.ncbi.nlm.nih.gov/pubmed/36447932 http://dx.doi.org/10.1016/j.bushor.2021.06.003 |
work_keys_str_mv | AT kouvelispanos paradoxesandmysteriesinvirusinfectedsupplychainshiddenbottleneckschangingconsumerbehaviorsandothernonusualsuspects |