Supply chain resilience in the era of VUCA: risk management strategies

Drobot E.V.1,2
1 Первое экономическое издательство, Russia
2 Центр дополнительного профессионального образования, Russia

Journal paper

Economic security (РИНЦ, ВАК)
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Volume 6, Number 1 (January-March 2023)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=52263876
Cited: 5 by 30.01.2024

Abstract:
Abstract. The article devoted to the study of supply chain resilience strategies in the era of VUCA, when all participants in supply chains face the risks which are so complex, diverse and sudden that it becomes more difficult than ever to predict and determine the probability of their materialization. The author analyzes supply chain resilience strategies in the era of VUCA, taking into account risk management. The author suggests interpreting modern supply chains as "global supply chains-VUCA". The author's interpretation of the supply chain resilience strategy in the era of VUCA is proposed. This strategy includes four components: supply chain agility for robustness, adaptability and resilience, re-alignment and translating the risk management experience gained in managing other supply chains. The article may be of interest to specialists in the field of logistics, supply chain management and risk management, as well as for anyone interested in the problems of the VUCA world. ACKNOWLEDGMENTS: The article was prepared in the framework of participation in the International Scientific and Practical Conference "VII Senchagov Readings"; the priority topic of the conference: "Economic security of Russia: response to new challenges", Moscow: Institute of Economics of the Russian Academy of Sciences, March 23–24, 2023.

Keywords: competitive advantage, risk, strategy, risk management, resilience, supply chain resilience, supply chain, VUCA environment

Funding:
Статья подготовлена в рамках участия в Международной научно-практической конференции «VII Сенчаговские чтения», приоритетная тема конференции: «Экономическая безопасность России: реакция на новые вызовы», Москва: Институт экономики РАН, 23–24 марта 2023 г.

JEL-classification: D81, F01, F02, F62

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