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Open Access
Article
Publication date: 24 October 2022

Nishat Alam Choudhury, Seongtae Kim and M. Ramkumar

The purpose of this research work is to examine the financial effect of supply chain disruptions (SCDs) caused by coronavirus disease 2019 (COVID-19) and how the magnitude of such…

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Abstract

Purpose

The purpose of this research work is to examine the financial effect of supply chain disruptions (SCDs) caused by coronavirus disease 2019 (COVID-19) and how the magnitude of such effects depends on event time and space that may moderate the signaling environment for shareholder behaviors during the pandemic.

Design/methodology/approach

This study analyses a sample of 206 SCD events attributed to COVID-19 made by 145 publicly traded firms headquartered in 21 countries for a period between 2020 and 2021. Change in shareholder value is estimated by employing a multi-country event study, followed by estimating the differential effect of SCDs due to the pandemic by event time and space.

Findings

On average, SCDs due to pandemic decrease shareholder value by −2.16%, which is similar to that of pre-pandemic SCDs (88 events for 2018–2019). This negative market reaction remains unchanged regardless of whether stringency measures of the firm's country become more severe. Supply-side disruptions like shutdowns result in a more negative stock market reaction than demand-side disruptions like price hikes. To shareholder value, firm's upstream or downstream position does not matter, but supply chain complexity serves as a positive signal.

Originality/value

This study provides the first empirical evidence on the financial impact of SCDs induced by COVID-19. Combining with signaling theory and event system theory, this study provides a new boundary condition that explains the impact mechanism of SCDs caused by the pandemic.

Details

International Journal of Operations & Production Management, vol. 42 no. 13
Type: Research Article
ISSN: 0144-3577

Keywords

Article
Publication date: 1 March 1995

G Wittenberg

Looks at a new environmentally‐friendly roller chain. Describesthe make‐up and qualities of the three models EFC1, EFC2 and EFC3 andexamines some of their common features. The…

174

Abstract

Looks at a new environmentally‐friendly roller chain. Describes the make‐up and qualities of the three models EFC1, EFC2 and EFC3 and examines some of their common features. The chains do not need lubrication in use and they are relatively small and light. The absence of lubrication means dirt and debris are not attracted to the chain. Concludes that the development of these chains is part of a larger project to develop an environmentally‐friendly transmission system primarily for bicycles but their eventual application could be much wider including use in the food and pharmaceutical industries, office equipment and washing machines.

Details

Assembly Automation, vol. 15 no. 1
Type: Research Article
ISSN: 0144-5154

Keywords

Article
Publication date: 14 September 2021

Atif Saleem Butt

This paper explores the steps/countermeasures taken by firms to address supply chain disruptions in the wake of COVID-19.

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Abstract

Purpose

This paper explores the steps/countermeasures taken by firms to address supply chain disruptions in the wake of COVID-19.

Design/methodology/approach

This study employs a case study methodology and employs 46 semi-structured interviews with senior managers of the three buying firms, four distribution centres and four supplying firms based in four countries (Pakistan, Sri Lanka, China and India).

Findings

Results reveal that manufacturers are refining production schedules to meet the production challenges. Distributors are working with secondary suppliers to meet the inventory shortage. Finally, supplying firms are evaluating the impact of demand, focusing on short-term demand-supply strategy, preparing for channel shifts, opening up additional channels of communication with key customers, understanding immediate customer’s demand and priorities and finally becoming more agile.

Research limitations/implications

There are some limitations to this study. First, the results of this study cannot be generalized to a wider population. Second, this study explores the interpretations of senior managers based in four Asian countries only.

Practical implications

Supply chain firms can use these findings to understand how COVID-19 is affecting firms. Firms can also use the suggestions provided in this study to mitigate the impact of COVID-19 and make the best out of this pandemic.

Originality/value

This study contributes to the supply chain disruption literature by exploring the robust countermeasure taken by supply chain firms amid COVID-19 outbreak. In particular, it explores such countermeasures from the perspective of three different entities (buyer, supplier and distributor) based in four different countries in the South Asian region.

Details

The International Journal of Logistics Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0957-4093

Keywords

Article
Publication date: 28 April 2014

Constantin Blome, Antony Paulraj and Kai Schuetz

There is only limited knowledge about the performance benefits of the alignment of sustainability-related upstream and downstream collaboration. The purpose of this paper is to…

8214

Abstract

Purpose

There is only limited knowledge about the performance benefits of the alignment of sustainability-related upstream and downstream collaboration. The purpose of this paper is to analyze the deviation from an optimal profile of supply chain collaboration and its detrimental effect on sustainability performance as well as market performance.

Design/methodology/approach

The authors analyze the deviation from an optimal profile of supply chain collaboration and its detrimental effect on sustainability as well as market performance. Using data collected from 259 European manufacturing firms and advanced structural equation modeling approach, the authors empirically test a number of direct, mediation, and moderation effects.

Findings

The study shows that an alignment between supply chain initiatives does pay off. Furthermore, the results show that the effects of alignment on performance measures are mediated by the firm's internal sustainable production.

Research limitations/implications

The paper provides research limitations and implications as part of the research.

Practical implications

The paper also offers important conclusions for practitioners. Particularly the paper shows that sustainable supply chain collaboration needs to be operated at an ideal profile in collaboration with advanced internal practices to generate improved performance.

Originality/value

This work is differentiated from earlier work through the joint consideration of alignment of supply chain collaboration for customers and suppliers, providing in combination with mediation analysis new nuances to the field of sustainable supply chain management.

Details

International Journal of Operations & Production Management, vol. 34 no. 5
Type: Research Article
ISSN: 0144-3577

Keywords

Article
Publication date: 1 January 2006

Dany Jacobs

The purpose of this paper is to discuss the actual state of demand chain management compared with its promises of a few years ago.

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Abstract

Purpose

The purpose of this paper is to discuss the actual state of demand chain management compared with its promises of a few years ago.

Design/methodology/approach

The most important literature on demand chain management of recent years is confronted with recent findings on strategies of the main supply and demand‐oriented firms in the fashion industry and on consumer behaviour.

Findings

Following Hoover et al. the demand chain is defined as “the chain of activities that communicates demand from markets to suppliers”. In this paper some interesting contributions to this debates are reviewed. Then, on the basis of remaining problems in the fashion industry in the realm of failing customer satisfaction, questions whether the promise of demand chain is not a consequence of shortcomings in the field of marketing – which apparently has moved too much into the direction of strategic positioning and information push instead of market research.

Research limitations/implications

Even when some of the most interesting approaches to demand chain management and key developments in the industry are confronted with one another, these selections cannot claim to be exhaustive.

Practical implications

The conclusion, proposing to concentrate on efficient supply chain management, on the one hand, and better understanding consumers, on the other hand, helps fashion firms to focus their attention more clearly.

Originality/value

No such overview and confrontation, as presented in this article, existed until now. Also, the view that demand chain management in a way tries to fill the gaps left by market research sheds new light on these discussions.

Details

Journal of Fashion Marketing and Management: An International Journal, vol. 10 no. 1
Type: Research Article
ISSN: 1361-2026

Keywords

Article
Publication date: 1 January 1984

William K. Hollinger

The chemical structure of paper is simply explained, commencing with subatomic particles, atoms and molecules. The forces which bond atoms into molecules, molecules into chains

Abstract

The chemical structure of paper is simply explained, commencing with subatomic particles, atoms and molecules. The forces which bond atoms into molecules, molecules into chains, chains into sheets, and sheets into layers are described. Acid is defined, and the deleterious role of acid in breaking the forces which bond atoms into molecules is detailed.

Details

Library Hi Tech, vol. 1 no. 4
Type: Research Article
ISSN: 0737-8831

Article
Publication date: 8 August 2022

Yuxiao Ye, Lu Yang, Baofeng Huo and Xiande Zhao

Drawing on the resource-based view (RBV), this study aims to investigate the impact of social capital, namely, structural (information sharing), cognitive (shared value) and…

Abstract

Purpose

Drawing on the resource-based view (RBV), this study aims to investigate the impact of social capital, namely, structural (information sharing), cognitive (shared value) and relational (relationship commitment) capital in the supplier and the customer side on supply chain performance in a longitudinal design. It further aims to examine the moderating effect of change in competition intensity.

Design/methodology/approach

Based on two-wave data collected from 203 manufacturers in China, this study uses the ordinary least square and first-difference regression methods to test the proposed relationships.

Findings

The results show the effect of social capital on supply chain performance and the dynamic nature of supply chain social capital. The causal analysis further reveals the significance of supplier-side structural and relational capital in improving supply chain performance. Moreover, competitive intensity plays an important moderating role.

Originality/value

This study, to the best of the authors’ knowledge, is one of the first to demonstrate the longitudinal effect of supply chain social capital on supply chain performance.

Details

Journal of Business & Industrial Marketing, vol. 38 no. 5
Type: Research Article
ISSN: 0885-8624

Keywords

Article
Publication date: 1 December 2004

Kyle Dupre and Thomas W. Gruen

Despite massive efforts of suppliers and retailers in the fast‐moving‐consumer‐goods (FMCG) channel to adopt the efficient consumer response (ECR) practices, many of the expected…

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Abstract

Despite massive efforts of suppliers and retailers in the fast‐moving‐consumer‐goods (FMCG) channel to adopt the efficient consumer response (ECR) practices, many of the expected benefits have not been realized. This study examines the history and implementation practices of ECR in the USA and in Germany and presents conceptual models that compare the likely outcomes when ECR‐based category management practices are initiated either by the supplier or by the retailer channel partner. Combining the knowledge gained from a series of interviews with industry experts with their own ECR experiences, it is shown how a strategic competitive advantage can be realized through the combination of both supplier and retailer views and expertise in category management practices. The article concludes with an examination of barriers to implementation of category management plans and suggests ways to overcome these barriers.

Details

Journal of Business & Industrial Marketing, vol. 19 no. 7
Type: Research Article
ISSN: 0885-8624

Keywords

Article
Publication date: 24 May 2011

Ana Beatriz Lopes de Sousa Jabbour, Alceu Gomes Alves Filho, Adriana Backx Noronha Viana and Charbel José Chiappetta Jabbour

The purpose of this paper is to investigate how company size and the type of production system affect the adoption of supply chain management (SCM) practices in companies in the…

Abstract

Purpose

The purpose of this paper is to investigate how company size and the type of production system affect the adoption of supply chain management (SCM) practices in companies in the electro‐electronics sector in Brazil.

Design/methodology/approach

An e‐mail survey of 107 companies associated with the Brazilian Electrical and Electronics Industry Association (ABINEE) was conducted. Statistical techniques were employed to verify the adoption of SCM practices according to the size of the company and its production system.

Findings

The major results indicate that the larger the size of the company, the higher the level of adoption of SCM practices, and that the choice of SCM practices depends upon the type of production system implemented.

Practical implications

The implications of this study are useful to top management leaders of small‐ and medium‐sized enterprises since the findings enable them to identify the most common practices adopted by either large‐, medium‐ or small‐sized companies in order to benchmark the level of adoption of SCM practices. Production managers can also benefit from this study by identifying the SCM practices that may support certain production systems.

Originality/value

The paper deals with the reality of companies in the electro‐electronics sector in Brazil, which is part of a global supply chain; therefore, the results obtained can be useful to foreign companies in this sector. This is the first known research that integrates such concepts in Brazil.

Details

Journal of Advances in Management Research, vol. 8 no. 1
Type: Research Article
ISSN: 0972-7981

Keywords

Book part
Publication date: 17 January 2023

Sylvia Gottschalk

Cryptoassets have recently attracted the attention of national and international financial regulators. Since the mid-2010s blockchains have increasingly been adapted to automate…

Abstract

Cryptoassets have recently attracted the attention of national and international financial regulators. Since the mid-2010s blockchains have increasingly been adapted to automate and replace many aspects of financial intermediation, and by 2015 Ethereum had created the smart contract language that underpins the digitization of real assets as asset-backed tokens (ABTs). Those were initially issued by FinTech companies, but more recently banks active on international capital and financial markets, and even central banks, for example, the Bank of Thailand, have developed their own digital platforms and blockchains. A wide variety of real and financial assets underpins ABTs, viz., real-estate, art, corporate and sovereign bonds, and equity. Consequently, owing to the significant market capitalization of cryptocurrencies, the Basel Committee on Banking Supervision (BCBS) published two consultative papers delineating its approach on cryptoasset regulation. In this study, the authors analyze the mechanics of ABTs and their potential risks, relying on case studies of recent issuance of tokens in equity, real-estate, and debt markets, to highlight their main characteristics. The authors also investigate the consequences of the increasingly oligopolistic structure of blockchain mining pools and Bitcoin exchanges for the integrity and security of unregulated distributed ledgers. Finally, the authors analyze the BCBS’ regulatory proposals, and discuss the reaction of international financial institutions and cryptocurrency interest groups. The main findings are, firstly, that most ABTs are akin to asset-backed securities. Secondly, nearly all ABTs are “off-chain/on-chain,” that is, the underlying is a traditional asset that exists off-chain and is subsequently digitized. The main exception is the World Bank’s bond-i that is genuinely native to the blockchain created by the Commonwealth Bank of Australia, and has no existence outside it. Thirdly, all ABTs are issued on permissioned blockchains, where anti-money laundering/anti-terrorist funding and know-your-customer regulations are enforced. From a prudential regulatory perspective, ABTs do not appear to pose serious systemic risks to international financial markets. This may account for the often negative reactions of banks, banking associations, and cryptocurrency interest groups to the BCBS’ 2021 proposals for risk-weighted capital provisions for cryptoassets, which are viewed as excessive. Finally, we found that issuance of ABTS and other smart contracts on permissionless blockchains such as Bitcoin and Ethereum could potentially generate financial instability. A precedent involving Ethereum and The DAO in 2016 shows that (i) there is a significant accountability gap in permissionless blockchains, and (ii) the core developers of blockchains and smart contract technology, and Bitcoin mining pools, exercise an unexpectedly high- and completely unregulated-amount of power in what is supposedly a decentralized network.

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