QUANTIFYING THE IMPACT OF SOCIAL AND POLITICAL INSTABILITY ON SUPPLY CHAIN OPERATIONS: A RISK ASSESSMENT FRAMEWORK
This study examines the effects of social and political unrest, risk management, and climate change on global supply networks. The intention is to expose intricate linkages between components by dismantling the conventional research division. Supply networks are being more impacted by world events....
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| Format: | Article |
| Language: | English |
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Regional Association for Security and crisis management, Belgrade, Serbia
2024-03-01
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| Series: | Operational Research in Engineering Sciences: Theory and Applications |
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| Online Access: | https://oresta.org/menu-script/index.php/oresta/article/view/696 |
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| author | Bing Wang Lokhman Hakim Osman Mohd Rizal Palil Nurul Atasha Binti Jamaludin |
| author_facet | Bing Wang Lokhman Hakim Osman Mohd Rizal Palil Nurul Atasha Binti Jamaludin |
| author_sort | Bing Wang |
| collection | DOAJ |
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This study examines the effects of social and political unrest, risk management, and climate change on global supply networks. The intention is to expose intricate linkages between components by dismantling the conventional research division. Supply networks are being more impacted by world events. Decisions on strategy must therefore consider the effects of every occurrence. A qualitative study comprising sixteen saturated semi-structured interviews was utilized to guarantee the depth and richness of the data. The three phases of thematic analysis were as follows: formulation of topics, coding, and familiarization with the data. A systematic framework for interpreting data and delving more deeply into the experiences and perspectives of participants was provided by the three-stage theme analysis approach, which was ultimately chosen. This feature enhances the validity of the findings by enabling a meticulous examination of the data while retaining the flexibility to detect emerging trends. The findings of the study offer valuable insights into the complex interconnections among climate change, social and political instability, and risk management in global supply chains. It has been determined that risk mitigation strategies, environmental changes, and geopolitical events are all significant variables that influence supply chain resilience. To mitigate the effects of external uncertainties on disruptions in the supply chain, proactive risk management has grown in significance. This underscores the critical necessity for adaptive approaches to effectively navigate evolving geopolitical and environmental circumstances. This research stands out strategically because of its comprehensive approach, which stresses strong and adaptable supply networks.
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| format | Article |
| id | doaj-art-2d5b2b2a39214699a601c6b93da435b8 |
| institution | DOAJ |
| issn | 2620-1607 2620-1747 |
| language | English |
| publishDate | 2024-03-01 |
| publisher | Regional Association for Security and crisis management, Belgrade, Serbia |
| record_format | Article |
| series | Operational Research in Engineering Sciences: Theory and Applications |
| spelling | doaj-art-2d5b2b2a39214699a601c6b93da435b82025-08-20T02:48:43ZengRegional Association for Security and crisis management, Belgrade, SerbiaOperational Research in Engineering Sciences: Theory and Applications2620-16072620-17472024-03-0171QUANTIFYING THE IMPACT OF SOCIAL AND POLITICAL INSTABILITY ON SUPPLY CHAIN OPERATIONS: A RISK ASSESSMENT FRAMEWORKBing Wang0Lokhman Hakim Osman1Mohd Rizal Palil2Nurul Atasha Binti Jamaludin3Ph.D. Candidate,Faculty of Economics and Management,Universiti Kebangsaan Malaysia,43600Professor, Faculty of Economics and Management,Universiti Kebangsaan Malaysia,43600Professor, Faculty of Economics and Management,Universiti Kebangsaan Malaysia,43600Doctor, Faculty of Economics and Management,Universiti Kebangsaan Malaysia,43600 This study examines the effects of social and political unrest, risk management, and climate change on global supply networks. The intention is to expose intricate linkages between components by dismantling the conventional research division. Supply networks are being more impacted by world events. Decisions on strategy must therefore consider the effects of every occurrence. A qualitative study comprising sixteen saturated semi-structured interviews was utilized to guarantee the depth and richness of the data. The three phases of thematic analysis were as follows: formulation of topics, coding, and familiarization with the data. A systematic framework for interpreting data and delving more deeply into the experiences and perspectives of participants was provided by the three-stage theme analysis approach, which was ultimately chosen. This feature enhances the validity of the findings by enabling a meticulous examination of the data while retaining the flexibility to detect emerging trends. The findings of the study offer valuable insights into the complex interconnections among climate change, social and political instability, and risk management in global supply chains. It has been determined that risk mitigation strategies, environmental changes, and geopolitical events are all significant variables that influence supply chain resilience. To mitigate the effects of external uncertainties on disruptions in the supply chain, proactive risk management has grown in significance. This underscores the critical necessity for adaptive approaches to effectively navigate evolving geopolitical and environmental circumstances. This research stands out strategically because of its comprehensive approach, which stresses strong and adaptable supply networks. https://oresta.org/menu-script/index.php/oresta/article/view/696Supply Chain OperationsSupply Chain ResilienceSocial and Political InstabilityClimate ChangeRisk Management |
| spellingShingle | Bing Wang Lokhman Hakim Osman Mohd Rizal Palil Nurul Atasha Binti Jamaludin QUANTIFYING THE IMPACT OF SOCIAL AND POLITICAL INSTABILITY ON SUPPLY CHAIN OPERATIONS: A RISK ASSESSMENT FRAMEWORK Operational Research in Engineering Sciences: Theory and Applications Supply Chain Operations Supply Chain Resilience Social and Political Instability Climate Change Risk Management |
| title | QUANTIFYING THE IMPACT OF SOCIAL AND POLITICAL INSTABILITY ON SUPPLY CHAIN OPERATIONS: A RISK ASSESSMENT FRAMEWORK |
| title_full | QUANTIFYING THE IMPACT OF SOCIAL AND POLITICAL INSTABILITY ON SUPPLY CHAIN OPERATIONS: A RISK ASSESSMENT FRAMEWORK |
| title_fullStr | QUANTIFYING THE IMPACT OF SOCIAL AND POLITICAL INSTABILITY ON SUPPLY CHAIN OPERATIONS: A RISK ASSESSMENT FRAMEWORK |
| title_full_unstemmed | QUANTIFYING THE IMPACT OF SOCIAL AND POLITICAL INSTABILITY ON SUPPLY CHAIN OPERATIONS: A RISK ASSESSMENT FRAMEWORK |
| title_short | QUANTIFYING THE IMPACT OF SOCIAL AND POLITICAL INSTABILITY ON SUPPLY CHAIN OPERATIONS: A RISK ASSESSMENT FRAMEWORK |
| title_sort | quantifying the impact of social and political instability on supply chain operations a risk assessment framework |
| topic | Supply Chain Operations Supply Chain Resilience Social and Political Instability Climate Change Risk Management |
| url | https://oresta.org/menu-script/index.php/oresta/article/view/696 |
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