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Resilience strategies for sustainable supply chains under budget constraints in the post COVID-19 era
The COVID-19 outbreak has caused uncertainty risk surges, increased sustainable supply chain vulnerabilities, and challenges to sustainable supply chain resilience (SSCR) management. Therefore, improving SSCR is necessary to alleviate vulnerabilities, and SSCR management must generate large capital...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Higher Education Press
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9926437/ http://dx.doi.org/10.1007/s42524-022-0236-y |
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author | Liu, Jiaguo Xi, Yumeng Wang, Junjin |
author_facet | Liu, Jiaguo Xi, Yumeng Wang, Junjin |
author_sort | Liu, Jiaguo |
collection | PubMed |
description | The COVID-19 outbreak has caused uncertainty risk surges, increased sustainable supply chain vulnerabilities, and challenges to sustainable supply chain resilience (SSCR) management. Therefore, improving SSCR is necessary to alleviate vulnerabilities, and SSCR management must generate large capital investments. However, the economic downturn brought about by the COVID-19 epidemic has made some companies have limited budgets that can be used to improve SSCR. Therefore, the design of resilience solutions needs to fully consider the constraints of budgetary costs. Most of the existing related literature only discusses optimal resilience solutions under certain cost constraints, so such resilience solutions cannot be applied to most enterprises. In this study, we set the cost constraint as a variable quantity, using resilience efficiency and customer satisfaction as indicators, to determine the changing laws of optimal resilience strategies when cost constraints change. These rules can be applied to enterprises with different budgeted costs. Our findings suggest that companies should prioritize sacrificing resilience measures (RMs) related to adaptive capacity when budget costs gradually decline, and RMs related to absorptive capacity are indispensable at all budget levels. Furthermore, the pursuit of environmental and social sustainability cannot be abandoned, no matter how limited the flexible budget may be. |
format | Online Article Text |
id | pubmed-9926437 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Higher Education Press |
record_format | MEDLINE/PubMed |
spelling | pubmed-99264372023-02-14 Resilience strategies for sustainable supply chains under budget constraints in the post COVID-19 era Liu, Jiaguo Xi, Yumeng Wang, Junjin Front. Eng. Manag. Research Article The COVID-19 outbreak has caused uncertainty risk surges, increased sustainable supply chain vulnerabilities, and challenges to sustainable supply chain resilience (SSCR) management. Therefore, improving SSCR is necessary to alleviate vulnerabilities, and SSCR management must generate large capital investments. However, the economic downturn brought about by the COVID-19 epidemic has made some companies have limited budgets that can be used to improve SSCR. Therefore, the design of resilience solutions needs to fully consider the constraints of budgetary costs. Most of the existing related literature only discusses optimal resilience solutions under certain cost constraints, so such resilience solutions cannot be applied to most enterprises. In this study, we set the cost constraint as a variable quantity, using resilience efficiency and customer satisfaction as indicators, to determine the changing laws of optimal resilience strategies when cost constraints change. These rules can be applied to enterprises with different budgeted costs. Our findings suggest that companies should prioritize sacrificing resilience measures (RMs) related to adaptive capacity when budget costs gradually decline, and RMs related to absorptive capacity are indispensable at all budget levels. Furthermore, the pursuit of environmental and social sustainability cannot be abandoned, no matter how limited the flexible budget may be. Higher Education Press 2023-02-14 2023 /pmc/articles/PMC9926437/ http://dx.doi.org/10.1007/s42524-022-0236-y Text en © Higher Education Press 2023 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Research Article Liu, Jiaguo Xi, Yumeng Wang, Junjin Resilience strategies for sustainable supply chains under budget constraints in the post COVID-19 era |
title | Resilience strategies for sustainable supply chains under budget constraints in the post COVID-19 era |
title_full | Resilience strategies for sustainable supply chains under budget constraints in the post COVID-19 era |
title_fullStr | Resilience strategies for sustainable supply chains under budget constraints in the post COVID-19 era |
title_full_unstemmed | Resilience strategies for sustainable supply chains under budget constraints in the post COVID-19 era |
title_short | Resilience strategies for sustainable supply chains under budget constraints in the post COVID-19 era |
title_sort | resilience strategies for sustainable supply chains under budget constraints in the post covid-19 era |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9926437/ http://dx.doi.org/10.1007/s42524-022-0236-y |
work_keys_str_mv | AT liujiaguo resiliencestrategiesforsustainablesupplychainsunderbudgetconstraintsinthepostcovid19era AT xiyumeng resiliencestrategiesforsustainablesupplychainsunderbudgetconstraintsinthepostcovid19era AT wangjunjin resiliencestrategiesforsustainablesupplychainsunderbudgetconstraintsinthepostcovid19era |