The Effects of Globalization to Supply Chain Resilience: Outsourcing Techniques as Interventionism, Protectionism and Regionalization Strategies

Kazancoglu, Yigit and Lafci, Cisem and Berberolgu, Yalcin and Upadhyay, Arvind and Rocha-Lona, Luis and Kumar, Vikas (2023) The Effects of Globalization to Supply Chain Resilience: Outsourcing Techniques as Interventionism, Protectionism and Regionalization Strategies. Operations Management Research. ISSN 1936-9743

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Official URL: https://link.springer.com/article/10.1007/s12063-0...

Abstract

Globalization may cause companies to broaden their customer bases, operate internationally, and serve more customers. However, it also entails dangers, including shifting circumstances, disruptions, and elevated prices. To address these issues, outsourcing has evolved, lowering outputs and service costs. To mitigate these risks, businesses employ strategies such as interventionism, protectionism, and regionalization. By investigating and simulating the interplay of outsourcing approaches to equip businesses with supply chain resilience (SCRES), this study aims to close the knowledge gap between the existing knowledge and global supply chain (GSC) risk management practices. To choose the best alternative for our case study company, we analyzed four distinct outsourcing techniques, namely offshoring, reshoring, nearshoring, and farshoring; furthermore, we investigated the outsourcing elements typically taken into account to achieve resilience. The results indicated that the reshoring method would be the most promising one for this company, under specific circumstances, in terms of attaining resilience in the manufacturing industry.

Item Type:	Article
Identification Number:	10.1007/s12063-023-00429-1
Dates:	Date Event 16 November 2023 Accepted 12 December 2023 Published Online
Uncontrolled Keywords:	Global supply chains, Resilience, Outsourcing strategies, Reshoring, Regionalization, MCDM, Risk management.
Subjects:	CAH17 - business and management > CAH17-01 - business and management > CAH17-01-01 - business and management (non-specific)
Divisions:	Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics Faculty of Business, Law and Social Sciences > College of Business, Digital Transformation & Entrepreneurship
Depositing User:	Gemma Tonks
Date Deposited:	30 Nov 2023 14:37
Last Modified:	12 Dec 2024 03:00
URI:	https://www.open-access.bcu.ac.uk/id/eprint/15029