Analysis of resilience strategies and ripple effect in blockchain-coordinated supply chains: An agent-based simulation study

By Jacob Lohmer, Niels Bugert, Rainer Lasch. International Journal of Production Economics, 2020

345 citations recorded by the source corpus.

Resilience enables supply chains to reduce their proneness to disruptions and recover faster. Many existing strategies to strengthen the resilience of supply chains are facilitated by the use of digital technology. Blockchain, as one of the promising innovative technologies, enables a transparent, secure, and timely data exchange and automation via smart contracts. In this paper, we discuss the impact of blockchain technology on supply chain risk management and, in particular, on supply chain resilience. We identify potential risk-related blockchain application scenarios and examine their impact on the existing resilience strategies. We explore the impact of the most promising applications with respect to resilience by using an agent-based simulation model of a complex supply network affected by disruptions. The theoretical analysis reveals a promotion of supply chain resilience strategies, especially if smart contracts are used for risk-related collaboration. The simulation study indicates an increase in resilience if the underlying collaboration is based on time-efficient processes: The propagation of disruptions, the network recovery time, and total costs can be substantially reduced. However, depending on the duration of the disruption, negative effects can occur if process efficiency is insufficient. From our investigations, we derive insights for managers who are interested in practical implementation.

Subfields: Information Systems, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/636a83aa986f22323f7f44f18c4d967049d606bd

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Citations in the corpus

Building supply-chain resilience: an artificial intelligence-based technique and decision-making framework (2021, background): “Lohmer, Bugert, and Lasch (2020) ; Ali, Mahfouz, and Arisha (2017) Supply-chain agility Enhanced visibility (SCRes9) Enhancestheabilitytoseethroughtheentiresupply-chainandrespondtodisruptionseﬀectively.”
Artificial intelligence and big data analytics for supply chain resilience: a systematic literature review (2022, background): “There are different approaches to ensuring supply chain resilience and these can be proactive, reactive or a combination of both, with the view to mitigate potential risks emerging in the environ - ment (Lohmer et al., 2020).”
Impact of supply chain digitalization on supply chain resilience and performance: A multi-mediation model (2023, background): “The speed, transparency, and high reliability of smart contracts also facilitate the establishment of cooperative relationships among supply chain partners, improve the robustness of supply chain networks, and enhance resistance to risk (Lohmer et al., 2020; Saberi et al., 2019).”