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Consideration of COVID-19 and Innovation Demands in Supply Chain Management Strategies: Focusing on Proposals from Global Consulting Firms
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코로나19와 공급사슬관리 전략의 혁신 요구에 관한 고찰: 글로벌 컨설팅 기업들의 제안을 중심으로

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Type
Academic journal
Author
Jae Yong Yang (한양대학교) Lee Hyung-seok (충북대학교) Park Geunwan (한양대학교(ERICA캠퍼스) 지식서비스연구소)
Journal
한국경영컨설팅학회 경영컨설팅연구 경영컨설팅연구 제20권 제3호 KCI Accredited Journals
Published
2020.1
Pages
225 - 236 (12page)

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Consideration of COVID-19 and Innovation Demands in Supply Chain Management Strategies: Focusing on Proposals from Global Consulting Firms
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Global economy is in serious crisis due to COVID-19 Pandemic. This crisis is different from the past one in that it is not limited to a specific region but is occurring globally and that it is expected to take a considerable amount of time to return to the pre-pandemic level. The main cause of the rapid economic downturn is the disruption of the global supply chain. In the meantime, the supply chain management strategy was to secure a low-cost production base and minimize inventory. However, China's blockade, the global production base due to COVID-19 pandemic, is accelerating the supply chain crisis. The purpose of this study is to propose the SCM innovation strategy frame to eliminate the uncertainties expected to occur in the global supply chain and build the stable supply system. To this end, previous literature on traditional supply chain strategies and proposal reports from global consulting firms published since the outbreak of COVID-19 were reviewed, and the cases of companies that deal with SCM problems in an ecological crisis were studied based on the SCM innovation strategy frame presented as the result of this study. The main implication of this study is that as the effect of COVID-19 is expected to be prolonged, companies can only be sustainable by revising and innovating the supply chain strategy that has been established so far. In particular, for the innovation of the supply chain, companies are raising the necessity to build the supply chain platform that views and manages the entire supply chain process based on the digital technologies.

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