Beyond traditional supply chain management: Addressing sociopolitical challenges in increasingly turbulent global trade landscape

IF 4.8 Q1 BUSINESS Business Strategy and Development Pub Date : 2024-06-18 DOI:10.1002/bsd2.397
Ganesh Narkhede, Cherian Samuel, Sonal Mahajan, Devika Verma, Nitin Sakhare, Tansen Chaudhari
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Abstract

An increasing number of sociopolitical issues, including international wars, armed conflicts, decoupling of economic powers, deglobalization, nationalism, protectionism, sanctions, tariff wars, political tensions, and other sociopolitical forces affecting global supply chains (GSCs) and supply chain management (SCM) strategies. Amidst these sociopolitical factors, the global trade landscape is undergoing a seismic shift. This paper examines the complex web of these sociopolitical aspects, their impact on SCM strategies, and their implications for GSCs. The systematic literature review approach is used for this research, which entails the following steps: selecting and assessing pertinent sources, summarizing and synthesizing the literature, examining challenges and opportunities, articulating conclusions, and pinpointing prospective directions for future research. The findings of this study reveal that these sociopolitical factors have significant impacts on multiple facets of SCM, such as sourcing strategies, supplier relationships, risk management, and overall supply chain resilience. In addition, the study presents a roadmap for businesses to effectively navigate these difficulties, which involves diversifying supply chain networks, integrating corporate sustainability strategies, and implementing environmental, social, and governance factors into business operations. The originality of this research lies in its integrated and holistic approach to the integration of sociopolitical factors into SCM theory and practice.

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超越传统的供应链管理:在日益动荡的全球贸易格局中应对社会政治挑战
越来越多的社会政治问题,包括国际战争、武装冲突、经济大国脱钩、去全球化、民族主义、保护主义、制裁、关税战、政治紧张局势以及影响全球供应链(GSC)和供应链管理(SCM)战略的其他社会政治力量。在这些社会政治因素的影响下,全球贸易格局正在发生巨变。本文探讨了这些社会政治因素的复杂网络、它们对供应链管理战略的影响以及对全球供应链的意义。本研究采用了系统的文献综述方法,包括以下步骤:选择和评估相关资料来源、总结和归纳文献、研究挑战和机遇、阐明结论以及指出未来研究的前瞻性方向。研究结果表明,这些社会政治因素对供应链管理的多个方面都有重大影响,如采购战略、供应商关系、风险管理和整体供应链应变能力。此外,本研究还为企业提供了有效克服这些困难的路线图,其中包括实现供应链网络多样化、整合企业可持续发展战略以及在企业运营中实施环境、社会和治理因素。这项研究的独创性在于它采用了综合全面的方法,将社会政治因素纳入供应链管理理论与实践。
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来源期刊
Business Strategy and Development
Business Strategy and Development Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
5.80
自引率
6.70%
发文量
33
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