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http://dx.doi.org/10.22156/CS4SMB.2022.12.05.107

How Should We Respond to the Collapse of the Global Value Chain? An In-Depth Investigation of Disruptive Events and Risk Management Strategies in SMEs  

Kwon, Se-In (Korea Institute of S&T Evaluation and Planning)
Yang, Jong-Gon (Department of Business Administration, Dankook University)
Publication Information
Journal of Convergence for Information Technology / v.12, no.5, 2022 , pp. 107-115 More about this Journal
Abstract
The purpose of this study is to identify the drivers of supply chain vulnerability and internal/external disruptive events and to verify the moderating effect of SCRM to mitigate negative disruption impacts. The analysis results of 182 SMEs are as follows. First, SC vulnerability proceeded from excessive efficiency. Second, the probability and severity of internal factors were higher than that of external factors. In particular, the priority of responding to risks arising from the supply chain process was higher than the value chain within the firm. Finally, the higher the level of risk management in the supply chain, the more positively the negative disruption impact was mitigated. This study is valuable in providing practical clues to the decision-making of a firm's managers and policymakers responding to supply chain risks.
Keywords
COVID-19; Global value chain; Disruptive events; Supply chain risk management; Resilience;
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Times Cited By KSCI : 1  (Citation Analysis)
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