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The Resonant Effect of Risks on Supply Chain Performance: A Covid-19 Perspective
5th International Conference on Quality Engineering and Management: A Better World with Quality! Quality in the Digital Transformation, ICQEM 2022 ; : 881-906, 2022.
Article in English | Scopus | ID: covidwho-2011599
ABSTRACT
Purpose - This paper investigates the resonant effect of risks on supply chain performance under COVID-19. Design/methodology/approach - Eleven managers attended and applied the Q-sort method to evaluate the unidimensionality, reliability and validity of research concepts. Afterwards, a comparative model containing the single effects of risks on supply chain performance was developed as a basis for comparison with the theoretical model. The impacts of each risk on supply chain performance were demonstrated in both models. When the parameters of the theoretical model are greater than those in the competitive model, the resonant effect mechanism is proven and vice versa. Findings - 63% variance of supply chain performance was explained by our risk model, which includes positive and negative resonant effects between risks. It is a remarkable rate compared with the comparative model and previous studies. Whilst a positive relationship (α ≥ 0) increases the effect of the impacted risk on the output, a negative relationship (α ≤ 0) decreases this effect, bringing benefits for companies which “see” these opportunities. Thus, practitioners should treat risk as an opportunity rather than a threat. Research limitations/implications - A positive optimal resonant model is necessary to maximize the impact of risks on supply chain performance. Hence, companies can predict the worst-case scenario when six risks occur simultaneously. However, companies can devise mitigating techniques if a negative optimal resonant model is detected. Although risks can not be eliminated, their impact is likely to be abated by using a new paradigm. Originality/value - The data used in this research is from a large-scale survey supported by Japanese Government to promote ASEAN sustainable socio-economic development. This dataset collected during the Covid-19 pandemic to validate our models is an interesting and topical point of this study. © 2022 Universidade do Minho. All rights reserved.
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Collection: Databases of international organizations Database: Scopus Type of study: Experimental Studies / Prognostic study Language: English Journal: 5th International Conference on Quality Engineering and Management: A Better World with Quality! Quality in the Digital Transformation, ICQEM 2022 Year: 2022 Document Type: Article

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Collection: Databases of international organizations Database: Scopus Type of study: Experimental Studies / Prognostic study Language: English Journal: 5th International Conference on Quality Engineering and Management: A Better World with Quality! Quality in the Digital Transformation, ICQEM 2022 Year: 2022 Document Type: Article