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Academic Journal of Business & Management, 2023, 5(14); doi: 10.25236/AJBM.2023.051421.

Strategies on Establishing Supply Chain Resilience in the Era of VUCA

Author(s)

Zhengxie Li1,2

Corresponding Author:
Zhengxie Li
Affiliation(s)

1Philippine Christian University Center for International Education, Manila, 1004, Philippines

2Guizhou Communication Vocational College, Guiyang, 551400, China

Abstract

The world is now in an era of uncertainty, namely the Ukaera (VUCA),The world's supply chain is experiencing the risks and tests of factors such as material shortage, insufficient transport capacity, rising resource price, unclear policy, national war and so on, leading to the unpredictable and invisible fluctuations in the supply market. In particular, the impact of COVID-19, including restrictions on travel and gathering of people and delayed resumption of work, have had a severe impact on labor, inventory, production, transportation and orders in the manufacturing industry. Facing the more complex and changeable operating environment in the future, establishing a flexible supply chain is an effective way to deal with this uncertainty, and the digital innovation of the supply chain can improve the resilience of the supply chain.

Keywords

VUCA Era, Supply Chain Resilience, Digital Supply Chain

Cite This Paper

Zhengxie Li. Strategies on Establishing Supply Chain Resilience in the Era of VUCA. Academic Journal of Business & Management (2023) Vol. 5, Issue 14: 126-131. https://doi.org/10.25236/AJBM.2023.051421.

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