The effects of globalization on supply chain resilience: outsourcing techniques as interventionism, protectionism, and regionalization strategies

Kazancoglu, Yigit, Lafcı, Çisem, Berberoglu, Yalcin, Upadhyay, Arvind, Rocha-Lona, Luis and Kumar, Vikas (2023) The effects of globalization on supply chain resilience: outsourcing techniques as interventionism, protectionism, and regionalization strategies. Operations Management Research. ISSN 1936-9735 (In Press)

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Abstract / Description

Globalization may cause companies to broaden their customer bases, operate internationally, and serve more customers. However, it also entails dangers, including shifting circumstances, disruptions, and elevated prices. To address these issues, outsourcing has evolved, lowering outputs and service costs. To mitigate these risks, businesses employ strategies such as interventionism, protectionism, and regionalization. By investigating and simulating the interplay of outsourcing approaches to equip businesses with supply chain resilience (SCRES), this study aims to close the knowledge gap between the existing knowledge and global supply chain (GSC) risk management practices. To choose the best alternative for our case study company, we analyzed four distinct outsourcing techniques, namely offshoring, reshoring, nearshoring, and farshoring; furthermore, we investigated the outsourcing elements typically taken into account to achieve resilience. The results indicated that the reshoring method would be the most promising one for this company, under specific circumstances, in terms of attaining resilience in the manufacturing industry.

Item Type:	Article
Uncontrolled Keywords:	global supply chains; resilience; outsourcing strategies; reshoring; regionalization; MCDM; risk management
Subjects:	600 Technology > 650 Management & auxiliary services
Department:	Guildhall School of Business and Law
Depositing User:	Arvind Upadhyay
Date Deposited:	20 Nov 2023 09:37
Last Modified:	20 Nov 2023 09:37
URI:	https://repository.londonmet.ac.uk/id/eprint/8895

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