Accelerating retail supply chain performance against pandemic disruption: adopting resilient strategies to mitigate the long-term effects

Sharma, Manu, Luthra, Sunil, Joshi, Sudhanshu and Kumar, Anil (2021) Accelerating retail supply chain performance against pandemic disruption: adopting resilient strategies to mitigate the long-term effects. Journal of Enterprise Information Management. ISSN 1741-0398 (In Press)

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Abstract / Description

Purpose:
COVID-19 has disrupted global supply chains, revealing dreadful gaps and exposing vulnerabilities. Retailers are challenged to tackle risks and organise themselves to fit into the ‘new normal’ scenario. This global outbreak has established a volatile environment for supply chains; it has raised the question of survival in the market, forcing organisations to rethink resilient strategies to be adopted for the post pandemic situation to mitigate the long-term effects of this virus. This study explores the priorities for Retail Supply Chains (RSCs) to align their business operations and strategies for the post pandemic world.

Design/methodology/approach:
This study has utilised integrated Full Consistency Model (FUCOM) – Best Worst Method (BWM) methods for assessment of RSCs to enhance their business performance irrespective of pandemic disruptions. The FUCOM has been employed to identify the priorities of determinants enhancing business performance, whereas RSC strategies are evaluated using the BWM method.

Finding:
The current study identifies ‘Collaboration Efficiency’ as the main criterion for accelerating the performance of RSCs in a dynamic social environment. Also, the study concludes that ‘Order Fulfilment’ and ‘Digital RSCs’ are the most appropriate resilient business strategies to mitigate the long-term effects.

Research limitations/implications:
Supply-demand balancing is a challenging task at the moment, but highly significant for the future. The pandemic disruptions have placed intense pressure on retailers to deliver products as per consumers’ changing behaviours towards the purchase of essentials and other products. Hence, ‘Order Fulfilment’ and ‘Digitisation” strategies should be adopted for meeting customer requirements and to ensure sustainability in the post pandemic business world.

Originality/value:
This work sets out a comprehensive framework which will be helpful for accelerating RSCs performance against pandemic disruption by adopting resilient strategies to mitigate the long-term effects.

Item Type: Article
Uncontrolled Keywords: COVID-19; dynamic social environment; digitisation; resilient retail supply chains; pandemic disruption; performance; mitigating risk
Subjects: 600 Technology > 650 Management & auxiliary services
Department: Guildhall School of Business and Law
Depositing User: Anil Kumar
Date Deposited: 18 Jan 2021 09:25
Last Modified: 18 Jan 2021 09:25
URI: http://repository.londonmet.ac.uk/id/eprint/6291

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