University of Twente Student Theses
Supply chain risk mitigation strategies : how the Covid-19 pandemic affected the watch industry and what can be improved for future disruptions?
Verheijen, B.J. (2022) Supply chain risk mitigation strategies : how the Covid-19 pandemic affected the watch industry and what can be improved for future disruptions?
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| Abstract: | Purpose - The purpose of this paper is to give a clear (categorized) overview of supply chain risk mitigation strategies(SCRMS), discover how the watch industry was impacted by the Covid-19 pandemic and show what can be learned from or improved upon regarding the watch industry’s approach to tackle supply chain disruption in the future. Design/methodology/approach - After analysing relevant papers on the subject through an extensive systematic literature review, a multitude of unique SCRMS are extracted from the literature. Subsequently, this data is structured and organized in different risk clusters. Finally, data from practice is gathered through conducting a questionnaire. This questionnaire was sent out to 66 high-end horology companies. Through this questionnaire the impact of the Covid-19 pandemic on these supply chains (SC) and an insight into SCRMS that were utilized are analysed. Based on these analyses, a recommendation is given on what could be improved upon (in the supply chain) for future disruptions. Findings - All extracted SCRMS from the literature are structured in 17 risk clusters to create an extensive and structured overview of various SCRMS. After that, the impact of Covid-19 on the watch industry is investigated through the means of a questionnaire, which resulted in identifying a significant demand rise within the watch industry. Yet this does not result in substantial supply chain disruption. Within the SCRMS adopted by the industry, a lack of information sharing and disruption identification could be identified and future recommendations are created. Practical implications - SCRMS play a key role in a company's ability to be resilient and robust regardless of what disruption is experienced. Any company can significantly benefit from having SCRMS in place, in order to mitigate damage done by supply chain disruptions in any form. Originality/value - This paper presents an extensive overview of available SCRMS in the current literature, categorized by risk clusters. Furthermore, this paper explores supply chain mitigation strategies within a rarely ever covered industry: the watch industry. |
| Item Type: | Essay (Bachelor) |
| Faculty: | EEMCS: Electrical Engineering, Mathematics and Computer Science |
| Subject: | 01 general works, 50 technical science in general |
| Programme: | Business & IT BSc (56066) |
| Link to this item: | https://purl.utwente.nl/essays/89448 |
| Export this item as: | BibTeX EndNote HTML Citation Reference Manager |
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