Global companies’ anti-disaster performance model
Throughout the historical evolution, disasters have been observed as major limitations to the activities of businesses; hence, there is the need to examine the effects they pose to the supply chain and come up with the probable solutions. The international networks linking “manufacturing, handling, and distributing of a certain product” (Ye & Abe, 2012) are supposed to provide customers with goods constantly, without interruption in the supply or various stages of production. However, nowadays, natural disasters, which cannot be controlled or avoided, are one of the main causes disturbing the aforementioned process. Global supply chains’ disruptions caused by cataclysms can be minimized if different suppliers would not be concentrated in one region majorly. Well-thought organization’s management policy regarding preventing natural disasters and quick response in dealing with consequences of those are able to solve the issues in the shortest terms. After an in-depth analysis of the topical literature had been conducted, recommendations for disaster preparedness in supplied chains were found by the researcher. In addition, a detailed explanation of how these approaches can be improved both scientifically and practically was given (Hale & Moberg, 2005, p. 195). Moreover, generalization of the explored literature enables a possibility of composing a proposal for businesses for creating an effective and efficient global companies’ anti-disaster performance model.
Keywords: global supply chains, natural disasters, disruption, global companies’ anti-disaster performance model
Hale, T., & Moberg, C. R. (2005, February). Improving supply chain disaster preparedness: A decision process for secure site location. International Journal of Physical Distribution & Logistics Management, 35(3), 195-207.
Ye, L., & Abe, M. (2012, June). The impacts of natural disasters on global supply chains. ARTNeT Working Paper no. 115. Bangkok, ESCAP. Retrieved from http://www.unescap.org/tid/artnet/pub/wp11512.pdf