Your browser doesn't support javascript.
Reimagining global food value chains through effective resilience to COVID-19 shocks and similar future events: A dynamic capability perspective.
Ali, Imran; Arslan, Ahmad; Chowdhury, Maruf; Khan, Zaheer; Tarba, Shlomo Y.
  • Ali I; School of Business and Law, Central Queensland University, Melbourne Campus, Australia.
  • Arslan A; Oulu Business School, University of Oulu, Finland.
  • Chowdhury M; Management Discipline, University of Technology, Sydney, Australia.
  • Khan Z; Business School, University of Aberdeen, Scotland, UK.
  • Tarba SY; InnoLab, University of Vaasa, Finland.
J Bus Res ; 141: 1-12, 2022 Mar.
Article in English | MEDLINE | ID: covidwho-1683264
ABSTRACT
The restructuring of global value/supply chains gained increasing attention as the unprecedented COVID-19 echoed around the world. Yet, the COVID-19 related theory-driven, large scale quantitative, and empirical studies are relatively scarce. This study advances the extant literature by empirically investigating how do firms in the global food value chains (GFVCs) re-imagine their businesses structure in response to the COVID-19-becoming more resilient and competitive to the current pandemic and similar future events. We leverage a unique data of 231 senior managers of the Australian GFVCs and examine their firms' response strategies. Drawing upon key insights from the dynamic capability view, we find that GFVCs' competitiveness is achieved when exposure to COVID-19 shocks elicits dynamic capabilities-readiness, response, recovery-and these capabilities work jointly and sequentially to cultivate resilience. A key finding of this study is that firms with domestic plus global value chain partners are more resilient than those having only global business partners. This finding implies that excessive reliance on offshoring sometimes becomes lethal, especially amid unexpected and prolonged global shocks and, therefore, companies should strike a balance between domestic and global business partners to remain competitive. These findings offer important contributions to theory, practice, and UN sustainable development goals.
Keywords

Full text: Available Collection: International databases Database: MEDLINE Type of study: Experimental Studies Language: English Journal: J Bus Res Year: 2022 Document Type: Article Affiliation country: J.jbusres.2021.12.006

Similar

MEDLINE

...
LILACS

LIS


Full text: Available Collection: International databases Database: MEDLINE Type of study: Experimental Studies Language: English Journal: J Bus Res Year: 2022 Document Type: Article Affiliation country: J.jbusres.2021.12.006