Building Resilient Supply Chains: Navigating Disruptions and Ensuring Sustainability through Integrated Strategies and Technological Innovations
Loading...
Authors
Ameh, Blessing
Issue Date
2024-11-07
Type
Paper
Language
Keywords
IOT , Supply Chain Resilience , Artificial Intelligence , Predictive Analysis , Diversification in Manufacturing , Technological Innovation , Risk Management Framework , Green Supply Chains , Economic Stability , Natural Disasters , Sustainability , Geopolitical Instability , Sector-Specific Strategies , Blockchain , Covid-19
Alternative Title
Abstract
The resilience of global supply chains has become a critical issue following significant disruptions caused by natural disasters, the COVID-19 pandemic and geopolitical tensions. These disruptions exposed vulnerabilities across various industries, leading to shortages, delays, economic losses, and inflationary pressures. This study examines pre- and post-COVID-19 supply chain disruptions events and identifies key trends and vulnerabilities. The analysis shows that diversified sourcing, improved logistics management, and predictive analytics are the most effective strategies for enhancing resilience. Conversely, over-reliance on trade agreements and certain technologies hindered recovery in some cases. The research employs data-driven methodologies and case studies to offer practical recommendations for businesses and policymakers. By leveraging these insights, the study outlines how tailored resilience frameworks can mitigate future disruptions, particularly in high-risk sectors such as energy and manufacturing, thereby contributing to global economic stability and long-term supply chain viability.
Description
This manuscript that was the basis of a presentation at the inaugural UWG Graduate Research Symposium held on November 7, 2024. The UWG Faculty advisor for this project was Dr. Hope Udombon.
Citation
Publisher
License
All rights reserved.