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Robust supply chain strategies for recovering from unanticipated disasters |
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| Institution: | 1. Chair of Logistics Management, Department of Management, Technology, and Economics, Swiss Federal Institute of Technology Zurich, Weinbergstrasse 56/58, 8092 Zurich, Switzerland;2. Scheller College of Business, Georgia Institute of Technology, 800 West Peachtree Street NW, Atlanta, GA 30308, USA;3. Swiss Finance Institute and University of Zurich, Plattenstrasse 14, 8032 Zurich, Switzerland |
| Abstract: | Recovering from unanticipated disasters is critical in today’s global market. This paper examines the effectiveness of popular recovery strategies used to address unpredictable disasters that derail supply chains. We create a formal model to portray dynamic operational performance among supply chain firms facing disruptions caused by natural and man-made disasters. Our analysis shows that a supply chain recovers best if member firms adopt a radical, rapid, costly recovery strategy that immediately resolves the disruption. This observation is robust to various resource consumption requirements. We apply our methodology in the case of Taiwan’s 2011 food contamination scandal and provide managerial insights. |
| Keywords: | Emergency management Supply chain disruptions Supply chain vulnerability Cellular automata Complex systems Behavioral game theory |
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