Supply chain resilience in the face of global disruptions: A comparative study between the US and the UK
University of edinburgh MA Social Policy and Economics, United Kingdom.
Research Article
International Journal of Frontline Research in Multidisciplinary Studies, 2024, 04(01), 074–087.
Article DOI: 10.56355/ijfrms.2024.4.1.0035
Publication history:
Received on 14 October 2024; revised on 22 November 2024; accepted on 24 November 2024
Abstract:
The United States and the United Kingdom are major players in the global economy. When disruptive occurrences occur, the supply chains of the two countries are affected adversely, and the effect is felt by business organizations in the countries. Over the recent years, the world has suffered from major economic disruptions including the COVID-19 and the Ukraine war. This research was aimed at examining the supply chain resilience tactics in both the United States and the United Kingdom, with a key focus on comprehending the resilience of enterprises in the countries and the governments. The main objective of the research was to analyse and evaluate the level of supply chain resilience in the countries with focus on supply network ecosystems. The study utilised mixed method approach to collect data from 20-30 participants. Semi-structured interviews, case studies, and surveys were all used to collect data that was analysed to answer the questions of the research. Findings indicated that both nations emphasised the need for diversification and risk assessment for risk resilience. Also, the study indicated that culture and leadership had a big impact on the United Kingdom, while the technical aspect had a big impact on United States. The study recommends development of robust supplier relationships, utilisation of digital systems, and promotion of leadership and organisational culture.
Keywords:
Supply Chain; supply chain resilience; Global disruptions; Corporate strategies; Supply network ecosystems
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0