Digitalni repozitorijum
Univerziteta u Beogradu
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MANAGING THE SUPPLY CHAIN RISKS CAUSED BY THE COVID-19 PANDEMIC
Aćimović, Slobodan
Mijušković, Veljko M.
Vuksanović Herceg, Iva
Milošević, Nikola
Abstract: Pandemics like the one started at the beginning of 2020 can cause the plethora of challenges for businesses globally. Risks that can affect businesses are a very significant factor for operations of a company supply chain. The aim of this paper is to highlight the importance of risk awareness and knowledge for the adequate management of the companies’ supply chain performance in the period of disruptions caused by the COVID-19 pandemic. Also, the COVID-19 pandemic emphasizes the meaning of supply chain operation flexibility. The results of the carried out analysis, based on secondary data sources, show that the consequences of risk mismanagement can be serious and cause the operations interruption. Basically, the whole supply chain can suffer if one business ends its operations. Thus, risk strategy and risk reduction determine whether a company will suffer seriously during the COVID-19 pandemic or not. The importance of a specific type of risk is defined by the industry and the market the business operates in. It can be concluded that among all businesses it is of paramount importance to be aware of consequences and to take into consideration all aspects of business surroundings.
engleski
2021
Ovo delo je licencirano pod uslovima licence
Creative Commons CC BY-NC-ND 4.0 - Creative Commons Autorstvo - Nekomercijalno - Bez prerada 4.0 International License.
http://creativecommons.org/licenses/by-nc-nd/4.0/legalcode
Key words: risk management, COVID-19 pandemic, supply chain operations, strategy