Background: Over the past half-century, with globalization, global supply chains have been developed across the world. In the last three years, Sweden and the world have been affected by two distinctive crises: the corona pandemic and the war in Ukraine, which have caused disruptions and significant consequences for businesses and the economy. All companies have been impacted by these crises as disruptions have occurred within the supply chains. They have been forced to develop their risk management and strategic planning in resource allocation to mitigate the consequences of disruptions and survive in the market during crises. In this essay, the authors will further investigate whether this work can contribute to achieving a higher level of resilience and thus control and maintain profitability at a stable level. Objective: The objective of this work is to describe and analyze how the development of risk management in times of crisis can contribute to resilience in the supply chain and impact profitability. Research questions: ● How can the corona pandemic have affected risk management within individual companies and their supply chains? ● How can the war in Ukraine have affected risk management within individual companies and their supply chains? ● How can this development in risk management contribute to resilience and impact profitability? Method: This study is based on a qualitative research method where eleven respondents from different companies were interviewed. The interviews were divided into seven subject areas with a semi-structured approach. This essay has adopted an abductive approach with elements of deductive and inductive reasoning to create a broader understanding of the subject. Conclusion: The conclusions of this essay are based on the fact that the corona pandemic and the war in Ukraine have affected companies and their supply chains. During the pandemic, companies developed their risk management, which improved cooperation regarding communication and alternative solutions within the supply chain. This work also benefited companies during the outbreak of war as they were better prepared to handle disruptions that occurred. Through this work, companies created a good level of flexibility, robustness, and rapid response capability, which enhanced their resilience and reduced, among other things, the economic consequences of the disruptions that occurred. This indicates that a higher degree of resilience can lead to less negative impact on profitability.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:hh-50741 |
| Date | January 2023 |
| Creators | Hallenbert, Cornelia, Olsson, Vilma |
| Publisher | Högskolan i Halmstad, Akademin för företagande, innovation och hållbarhet |
| Source Sets | DiVA Archive at Upsalla University |
| Language | Swedish |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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