Professional Documents
Culture Documents
Shivam Bijjamwar
MIT-WPU Department of Research and Development, Pune (INDIA)
shivambijjamwarofficial@gmail.com
Abstract - channels. In this case, the paper highlights the four major
strategies companies can consider to manage supply chain
Most organizations operate in complex environments in disruptions through future-proofing. The first approach
which competition is fierce and customer expectations are entails identifying the supply chain strategy areas that
high. These factors put companies under constant pressure to require redesigning to meet new challenges in the supply
improve efficiencies while reducing costs and increasing chain. The second tactic involves boosting supply chain
revenues. To meet these challenges, many businesses resilience to resist and recover from adverse events. The
employ supply chain management (SCM) strategies to third strategy is developing agility to adapt to changes as
increase control over their supply chains and improve quickly as possible and meet consumers’’ expectations.
overall productivity. Supply chain management is the Lastly, the paper justifies the need for sustainability to
process of coordinating the various activities involved in improve business reputation amidst supply chain
getting a product to market. It involves aligning all of the disruptions.
organization's resources, including people, information, and
financial capital, with those of its suppliers and other II. SUPPLY CHAIN STRATEGY AREAS
partners. An effective SCM strategy can improve a Supply chain practices have changed rapidly over
company's profitability by reducing costs, increasing time globally. Most supply chain management changes
revenue, and improving customer satisfaction. The supply occurred during the COVID-19 pandemic because the
chain is often thought of as a series of discrete, independent disease disrupted normal business operations. Besides the
entities. However, it is actually a highly interconnected new normal, the Russia-Ukraine conflict has aggravated the
system that can be disrupted by economic crises or natural supply chain process and exposed vulnerabilities that require
disasters. This paper presents the significance of future- future-proofing against economic crises [1]. In particular,
proofing the supply chain against economic crises and forward-thinking managers have focused on predicting the
natural events that might cause undesirable outcomes. The impact of the future situation on the supply chain to adopt
findings indicate that organisations constantly face suitable measures for prevention. The traditional supply
vulnerabilities that cause business disruptions. However, the chain strategies focused on three main areas: service,
chief supply chain officer (CSCO) can future-proof the quality, and cost and capital [2]. In contrast, the next-normal
supply chain against economic crises and natural disasters approach has become more complex with three additional
by identifying strategic areas and boosting supply chain focus areas: resilience, sustainability, and agility. Figure 1
resilience, agility, and sustainability. illustrates the key elements of the new supply chain strategy.
Environmental Sustainability
Environmental sustainability refers to the ability of
Well suited •Track
enterprise resource a business to meet or exceed its operational requirements
business
planning (ERP)
resources while maintaining and improving the health and
system
environment of local communities and the natural
environment[38].Environmentally sustainable business
•Support
Combined
fulfilment practices include strategies designed to reduce the amount of
warehouse with
integrated center for waste produced by the organization or the products it
managemnet all manufactures, recycle waste materials, develop renewable
system (WMS)
channels energy sources and implement energy efficiency measures to
reduce the overall impact of the business on the
• Minimize environment.
Integrated
inventory working
optimization tool capital Social Sustainability
Social sustainability refers to the principles and
practices of corporate social responsibility aimed at
enhancing the quality of life for all stakeholders in the local
Figure 7. Automated Omni-channel
community while minimizing the business's impact on the
Achieving Supply Chain Sustainability is a goal that
local community and the environment. Social sustainability
many companies would like to accomplish in today's
practices include the introduction of training programs
changing global market place. Consumers are also becoming
designed to enhance the skills of the employees in the local
increasingly aware of the impact they are having on the
community and provide education opportunities for
environment and the social responsibility of companies to
members of the community who may not otherwise have
ensure that their supply chain practices are not impacting on
access to education opportunities. Businesses also encourage
the sustainability of our planet. Managing your supply chain
community engagement programs and promote volunteer
effectively can be a complex and challenging task, but by
work within the organization to increase social awareness
incorporating effective sustainability strategies into your
among the employees and provide them with an opportunity
operations you will be able to minimize any negative
to give back to the community.
impacts your supply chain may have on the environment and
increase your corporate profile in the market place as an
VI. CONCLUSION
ethical and sustainable business. Companies of all sizes are
The key takeaway in this research is the need for a
realizing the importance of sustainable supply chain
future-proofing supply chain against economic crises and
management and are incorporating it into their operations
natural events. Several studies have highlighted the impact management research,” SpringerLink, 06-Jul-2021.
of COVID-19 and the effect of the ongoing Russian [Online]. Available:
Invasion of Ukraine on global supply chain management. https://link.springer.com/article/10.1007/s12063-021-
The research has illustrated that these two uncertain events 00200-4. [Accessed: 11-Nov-2022].
disrupted the supply chain of various companies. The CSCO [9] A. Asgary, N. Mehregan, Y. Hassani, and J. Levy,
of the affected firms could not control the unforeseen events. “Export changes due to the 2011 Great East japan
However, companies that had adapted resilience, agility, and earthquake and tsunami: Expanding the scale of shift-
sustainability strategies reduced the impact of business share analysis,” Journal of Disaster and Emergency
disruptions. As a result, organisations should monitor global Research, 06-Sep-2020. [Online]. Available:
changes to gain insight into potential future events that can https://jder.ssu.ac.ir/article_54.html. [Accessed: 11-
affect business performance. The study has proposed that Nov-2022].
CSCOs focus on building resilience, agility, and
[10] S. Singh, S. Ghosh, J. Jayaram, and M. K. Tiwari,
sustainability to overcome challenges related to unforeseen “Enhancing supply chain resilience using ontology-
economic crises and natural disasters. based decision support system,” International Journal
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