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An empirical examination of firm financial performance along dimensions of supply chain resilience

Author

Listed:
  • Xun Li
  • Qun Wu
  • Clyde W. Holsapple
  • Thomas Goldsby

Abstract

Purpose - This paper aims to investigate the impact of three critical dimensions of supply chain resilience, supply chain preparedness, supply chain alertness and supply chain agility, all aimed at increasing a firm’s financial outcomes. In a turbulent environment, firms require resilience in their supply chains to prepare for potential changes, detect changes and respond to actual changes, thus providing superior value. Design/methodology/approach - Using survey data from 77 firms, this study develops scales for preparedness, alertness and agility. It then tests their hypothesized relationships with a firm’s financial performance. Findings - The results reveal that the three dimensions of supply chain resilience (i.e. preparedness, alertness and agility) significantly impact a firm’s financial performance. It is also found that supply chain preparedness, as a proactive resilience capability, has a greater influence on a firm’s financial performance than the reactive capabilities including alertness and agility, suggesting that firms should pay more attention to proactive approaches for building supply chain resilience. Originality/value - First, this study develops a comparatively comprehensive definition for supply chain resilience and explores its dimensionality. Second, this study provides empirically validated instruments for the dimensions of supply chain resilience. Third, this study is one of the first to provide empirical evidence for direct impact of supply chain resilience dimensions on a firm’s financial performance.

Suggested Citation

  • Xun Li & Qun Wu & Clyde W. Holsapple & Thomas Goldsby, 2017. "An empirical examination of firm financial performance along dimensions of supply chain resilience," Management Research Review, Emerald Group Publishing Limited, vol. 40(3), pages 254-269, March.
    • Handle: RePEc:eme:mrrpps:mrr-02-2016-0030
    DOI: 10.1108/MRR-02-2016-0030
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    Citations

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    Cited by:

    1. Yang, Ching-Chiao & Hsu, Wei-Lin, 2018. "Evaluating the impact of security management practices on resilience capability in maritime firms—a relational perspective," Transportation Research Part A: Policy and Practice, Elsevier, vol. 110(C), pages 220-233.
    2. Elia Balugani & Maria Angela Butturi & Delroy Chevers & David Parker & Bianca Rimini, 2020. "Empirical Evaluation of the Impact of Resilience and Sustainability on Firms’ Performance," Sustainability, MDPI, vol. 12(5), pages 1-18, February.
    3. Aziz Barhmi & Omar Hajaji, 2023. "Multidisciplinary Approach to Supply Chain Resilience: Conceptualization and Scale Development," Central European Business Review, Prague University of Economics and Business, vol. 2023(5), pages 43-69.
    4. Li, Guo & Xue, Jing & Li, Na & Ivanov, Dmitry, 2022. "Blockchain-supported business model design, supply chain resilience, and firm performance," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 163(C).
    5. Junaid, Muhammad & Zhang, Qingyu & Cao, Mei & Luqman, Adeel, 2023. "Nexus between technology enabled supply chain dynamic capabilities, integration, resilience, and sustainable performance: An empirical examination of healthcare organizations," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
    6. Shin, Nina & Park, Sangwook, 2021. "Supply chain leadership driven strategic resilience capabilities management: A leader-member exchange perspective," Journal of Business Research, Elsevier, vol. 122(C), pages 1-13.
    7. Essuman, Dominic & Boso, Nathaniel & Annan, Jonathan, 2020. "Operational resilience, disruption, and efficiency: Conceptual and empirical analyses," International Journal of Production Economics, Elsevier, vol. 229(C).
    8. Vimal K.E.K & Simon Peter Nadeem & Mahadharsan Ravichandran & Manavalan Ethirajan & Jayakrishna Kandasamy, 2022. "Resilience strategies to recover from the cascading ripple effect in a copper supply chain through project management," Operations Management Research, Springer, vol. 15(1), pages 440-460, June.
    9. Manavalan Ethirajan & Thanigai Arasu M & Jayakrishna Kandasamy & Vimal K.E.K & Simon Peter Nadeem & Anil Kumar, 2021. "Analysing the risks of adopting circular economy initiatives in manufacturing supply chains," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 204-236, January.
    10. Liao, Zhongju & Chen, Jie & Weng, Chen & Zhu, Cunbin, 2023. "The effects of external supervision on firm-level environmental innovation in China: Are they substantive or strategic?," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 267-277.
    11. Bikram Jit Singh Mann & Harmeet Kaur, 2020. "Sustainable Supply Chain Activities and Financial Performance: An Indian Experience," Vision, , vol. 24(1), pages 60-69, March.
    12. Iftikhar, Anas & Purvis, Laura & Giannoccaro, Ilaria, 2021. "A meta-analytical review of antecedents and outcomes of firm resilience," Journal of Business Research, Elsevier, vol. 135(C), pages 408-425.
    13. Ozdemir, Dilek & Sharma, Mahak & Dhir, Amandeep & Daim, Tugrul, 2022. "Supply chain resilience during the COVID-19 pandemic," Technology in Society, Elsevier, vol. 68(C).
    14. Shashi & Piera Centobelli & Roberto Cerchione & Myriam Ertz, 2020. "Managing supply chain resilience to pursue business and environmental strategies," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1215-1246, March.
    15. Gaurav Kumar Badhotiya & Gunjan Soni & Vipul Jain & Rohit Joshi & Sameer Mittal, 2022. "Assessing supply chain resilience to the outbreak of COVID-19 in Indian manufacturing firms," Operations Management Research, Springer, vol. 15(3), pages 1161-1180, December.
    16. Yu, Yubing & Xu, Jiawei & Zhang, Justin Z. & Liu, Yulong (David) & Kamal, Muhammad Mustafa & Cao, Yanhong, 2024. "Unleashing the power of AI in manufacturing: Enhancing resilience and performance through cognitive insights, process automation, and cognitive engagement," International Journal of Production Economics, Elsevier, vol. 270(C).
    17. Queiroz, Maciel M. & Fosso Wamba, Samuel & Chiappetta Jabbour, Charbel Jose & Machado, Marcio C., 2022. "Supply chain resilience in the UK during the coronavirus pandemic: A resource orchestration perspective," International Journal of Production Economics, Elsevier, vol. 245(C).
    18. Nina Shin & Sangwook Park, 2019. "Evidence-Based Resilience Management for Supply Chain Sustainability: An Interpretive Structural Modelling Approach," Sustainability, MDPI, vol. 11(2), pages 1-23, January.
    19. R. Rajesh, 2022. "A novel advanced grey incidence analysis for investigating the level of resilience in supply chains," Annals of Operations Research, Springer, vol. 308(1), pages 441-490, January.
    20. Can Saglam, Yesim & Yildiz Çankaya, Sibel & Golgeci, Ismail & Sezen, Bulent & Zaim, Selim, 2022. "The role of communication quality, relational commitment, and reciprocity in building supply chain resilience: A social exchange theory perspective," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 167(C).

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