Managing Supply Chain Risk and Disruptions: Post COVID-19 (Management and Industrial Engineering)

"This book summarizes the effect of COVID-19 on the global supply chain. Eminent researchers, practitioners, and professors discuss the challenges faced by supply chain providers and supply chain strategies related to various global, retail, fast moving consumer goods, humanitarian, pharmaceutical, and agricultural supply chains. This book also suggests the resilient approach adopted by supply chain organizations for quick recovery and re-establishing their networks. This book helps the readers explore the pandemic's impact on the supply chain and rebuilding the same using suitable approaches."--ProQuest website Foreword 7 Preface 9 Acknowledgements 10 Contents 11 Editors and Contributors 13 Abbreviations 17 1 Impact of COVID-19 on Global Supply Chain Management 18 1.1 Introduction 18 1.2 Global Supply Chains Composition 20 1.2.1 Planning 20 1.2.2 Information 20 1.2.3 Source 21 1.2.4 Inventory 21 1.2.5 Production 21 1.2.6 Location 21 1.2.7 Transportation 22 1.2.8 Return of Goods 22 1.3 VUCA World and Black Swan Events 22 1.3.1 Black Swan Events 24 1.4 Global Supply Chain: Disruption 24 1.4.1 Cargo Carrier Assessments 25 1.4.2 Geopolitical Instability 25 1.4.3 Cultural Research 26 1.4.4 Price Hikes 26 1.4.5 Market Exploitation 26 1.4.6 Cyber-Attacks 26 1.4.7 Transportation Failure 27 1.5 Impact of COVID-19 on the Supply Chain Practices 27 1.5.1 Exit Strategy for the GSCM 28 1.5.2 Rethinking the Global Value Chain 28 1.5.3 Re-Assessing Supply Chain Risk 29 1.6 Summary of the Findings 31 1.7 Conclusion 32 References 32 2 Challenges Faced and Preparedness of FMCG Retail Supply Chain During COVID-19 36 2.1 Introduction 36 2.2 Behavioral Change and Post Crisis Supply Chains 37 2.3 Challenges for Retailers and Partners 38 2.3.1 Panic Buying 38 2.3.2 Procurement 39 2.3.3 Disintermediation and Digital Shift 39 2.4 Preparing for a Resilient FMCG Supply Chain 40 2.4.1 Empowering the FMCG Retail Stakeholders 40 2.4.2 Demand Planning 41 2.4.3 Suppliers Risk Management 42 2.4.4 Leveraging Information Technology 42 2.5 Conclusion 43 References 44 3 Challenges Faced and Preparedness of Agriculture Supply Chain During COVID-19 45 3.1 Introduction 46 3.2 Study Area Map of Mandis and Their COVID-19 Zones 47 3.3 Analysis of Perishable Products in Different Mandis During COVID-19 48 3.4 Findings 50 3.5 Future Directions 54 3.6 Conclusion 55 References 55 4 Challenges Faced and Preparedness of Humanitarian Supply Chain During COVID-19 57 4.1 Introduction 57 4.2 The Humanitarian Supply Chain 58 4.3 The Role Played by Humanitarian Supply Chains 60 4.4 Commercial Supply Chain Versus Humanitarian Supply Chain 60 4.5 Effect of Supply Chains on Daily Lives and the Effect of COVID-19 on Supply Chain 61 4.6 Challenges Faced by Humanitarian Supply Chains 64 4.6.1 Demand Uncertainty 65 4.6.2 Lack of Training 65 4.6.3 Lack of Skills 65 4.6.4 Lack of Technology 65 4.6.5 Lack of Predictability 66 4.6.6 Lack of Constant Supply 66 4.6.7 Politics and Culture 66 4.6.8 Efficiency and Success Measurement 66 4.6.9 Lack of Visibility 67 4.6.10 Presence of Opportunists and Fraud 67 4.7 Causes for Humanitarian Supply Chain Disruptions 67 4.7.1 Lack of Information about Demand 68 4.7.2 Politics of the Local Government 68 4.7.3 Corruption and Fraud 68 4.7.4 Lack of Product Availability 68 4.7.5 Lack of Funds 69 4.7.6 Lack of Experience and Expertise 69 4.7.7 Lack of Volunteers and Donors 69 4.8 Preparedness of Humanitarian Supply Chain 69 4.9 Discussion 71 4.10 Conclusion 71 References 72 5 Supply Chain Adoption During COVID-19 Lockdown: Global Scenario 73 5.1 Introduction 74 5.2 Issues on Demand Side 74 5.2.1 Uncertainty from Day-Zero 74 5.2.2 Panic Buying Behavior of Consumers 75 5.2.3 Failure in the Policy of Retailers 75 5.2.4 Pressure on Retailing Sectors 75 5.2.5 Income of the Consumers 76 5.2.6 Safe Trading 76 5.3 Issues on Supply Side 76 5.3.1 Criticality in the Raw Material Procurement 76 5.3.2 Lack of Support from the Supplier 77 5.3.3 Labor Shortages 77 5.3.4 Product’s Management 77 5.3.5 Stock Management 77 5.3.6 Restriction on Supply Chain 78 5.3.7 Financial Position of Consumer Companies 78 5.4 Supply Chain Adoption 78 5.5 Conclusion 79 References 80 6 Design and Development of Decision Support System for Emergency Need Relief Distribution 81 6.1 Introduction 81 6.2 Background 82 6.3 Proposed Approach 84 6.4 Emergency Needs Assessment Using DEMATEL 84 6.5 Application of TOPSIS 88 6.6 Design and Development of DSS−Relief Distribution 90 6.7 Results and Discussion 91 6.8 Conclusion 93 References 94 7 Analysis of Barriers for the Build the Resilient Supply Chain Networks Post-COVID-19 95 7.1 Introduction 96 7.2 Literature Review 97 7.3 Solution Methodology 98 7.3.1 Step 1: Hierarchal Framework 100 7.3.2 Step 2: Develop the Pairwise Comparison Matrix 100 7.3.3 Step 3: Weights of the Main and Sub-Criteria 101 7.4 Managerial Implications 101 7.5 Conclusion 103 References 103 8 Action Plans for Logistics and Supply Chain Recovery Post-COVID-19 106 8.1 Introduction 107 8.2 Logistics Recovery Post-COVID-19 108 8.3 Supply Chain Recovery Post-COVID-19 110 8.4 Need for Digital Supply Chain Model for Post-COVID-19 Recovery 112 8.5 Conclusion 112 References 113 9 Need for Embracing New Digital Technologies in Healthcare Supply Chain 114 9.1 Introduction 114 9.2 Methodology 117 9.3 Development of a Framework for Healthcare Supply Chain 117 9.4 Case Study 118 9.4.1 Assessment of HCSC Using QFD 119 9.4.2 Construction of Criteria and Relative Weight 119 9.5 Results and Discussions 120 9.6 Conclusion 120 9.6.1 Future Research Scope 122 References 124 10 Challenges Analysis of Leagile Supply Chains in Manufacturing Context During COVID-19 127 10.1 Introduction 127 10.2 Literature Review 128 10.3 Methodology 129 10.4 Case Study 131 10.5 Results 135 10.6 Conclusions 136 References 136 11 Impact of COVID-19 on Global Supply Chains and the Role of Digitalisation: A VUCA Approach 138 11.1 Introduction 139 11.2 Risk Assessment (Black Swan & Perfect Storms) 140 11.2.1 VUCA 141 11.3 Potential Challenges for Supply Chains Post-COVID-19 143 11.3.1 Automotive Supply Chain 144 11.3.2 Agriculture Supply Chain 145 11.3.3 Healthcare Supply Chain (Cold Chains) 145 11.3.4 Industry 4.0 Supply Chains 147 11.4 Conclusion 149 References 150