The Impact of Uncertain Times in Supply Chain Management

Session

Management, Business and Economics

Description

This paper examines the effects of uncertain times on supply chain management, with a focus on four main factors causing uncertainty. Pandemics, political instabilities, environmental changes, and financial crises are the main factors examined initially throughout the literature review. In a second phase, the research is focused on the quantitative approach by carrying out a survey of local businesses with the aim of analyzing the degree of influence of each factor in the management of the supply chain. Last two decades continents and nations have grappled with the unexpected effects of financial crises, pandemics, environmental issues, and political changes, manufacturing and service-providing enterprises operating across the globe have faced countless challenges in managing supply chains. It is assumed that uncertain factors producing uncertain times directly or indirectly affect the overall performance of the supply chain operation. In this paper, we constructed an analysis of supply chain challenges during uncertain times and explored the relationship between uncertain times and effective supply chain management.

Keywords:

financial crises, political instability, pandemics, environmental issues, supply chains.

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-550-95-6

Location

UBT Lipjan, Kosovo

Start Date

28-10-2023 8:00 AM

End Date

29-10-2023 6:00 PM

DOI

10.33107/ubt-ic.2023.176

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Oct 28th, 8:00 AM Oct 29th, 6:00 PM

The Impact of Uncertain Times in Supply Chain Management

UBT Lipjan, Kosovo

This paper examines the effects of uncertain times on supply chain management, with a focus on four main factors causing uncertainty. Pandemics, political instabilities, environmental changes, and financial crises are the main factors examined initially throughout the literature review. In a second phase, the research is focused on the quantitative approach by carrying out a survey of local businesses with the aim of analyzing the degree of influence of each factor in the management of the supply chain. Last two decades continents and nations have grappled with the unexpected effects of financial crises, pandemics, environmental issues, and political changes, manufacturing and service-providing enterprises operating across the globe have faced countless challenges in managing supply chains. It is assumed that uncertain factors producing uncertain times directly or indirectly affect the overall performance of the supply chain operation. In this paper, we constructed an analysis of supply chain challenges during uncertain times and explored the relationship between uncertain times and effective supply chain management.