STRATEGIC IMPLICATIONS OF WAR-RELATED EVENTS ON THE SUPPLY CHAINS

The paper examines the strategic impact of Ukraine-Russian conflict on supply chains. The strategic aspect of this impact is analyzed by referring to the supply chain design and structure. The initial research question is: "How do managers reconfigure supply chains in conditions of the intense...

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Bibliographic Details
Published in:Proceedings of the Faculty of Economics in East Sarajevo / Zbornik Radova Ekonomskog Fakulteta u Istočnom Sarajevu 2023-01 (26), p.43-54
Main Authors: Živković, Dina, Stošić Panić, Danijela, Milovanović, Goran
Format: Article
Language:English
Subjects:
Analysis
Comparative analysis
Competitive advantage
Consumers
COVID-19
crisis
Decision making
design
disruptions
Environmental impact
Geopolitics
Influence
International cooperation
Military policy
Pandemics
Product life cycle
risks
Suppliers
supply chain
Supply chain management
Sustainability
Transport / Logistics
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Summary:The paper examines the strategic impact of Ukraine-Russian conflict on supply chains. The strategic aspect of this impact is analyzed by referring to the supply chain design and structure. The initial research question is: "How do managers reconfigure supply chains in conditions of the intense geopolitical changes?". A cross-industry analysis of supply chain design is conducted in order to identify common (global) challenges, but also certain specificities for each industry. In addition to the results of the aforementioned comparative analysis, the paper also offers certain solutions for mitigating the economic and political events negative impacts on supply chains design and structure. Also, measures were proposed to overcome bottlenecks and stagnation in supply in the analyzed industries, including: development of more flexible, efficient and resilient supply chains, diversifying supply through cooperation with new suppliers, finding new export routes, building new partnerships. In this context, the paper provides a useful framework for managers to make decisions in a complex and volatile business environment.
ISSN:1840-3557
1986-6690
DOI:10.7251/ZREFIS2326043Z