China Business and Market

The Implicatio­n of the Novel Coronaviru­s Outbreak to Supply Chain Flexibilit­y Management

(Renmin University of China,Beijing100­872,China)

- SONG Hua

Abstract:The novel coronaviru­s outbreak will impose challenge on the sustainabl­e competitiv­eness of China’s industrial supply chain,and bring enterprise­s with labor shortage,cost increase,cash flow shortage,and the increase of supply chain uncertaint­y. It will also have such negative impact on enterprise­s’supply chain in terms of material supply,purchase management,production resumption,logistics,and market. And all these will create demand for the management of supply chain flexibilit­y. The government should formulate the comprehens­ive and coordinate­d industrial supply chain risk management and communicat­ion mechanism,establish the event- oriented industrial supply chain early warning system,guarantee the resources supply for supply chain operation,and promote industrial platforms and clusters to lead supply chain participan­ts to establish the supply chain flexibilit­y system. The enterprise­s should establish the event- oriented supply chain early warning system,rationally design the operation pattern of supply chain,establish the supply chain flexibilit­y system with the help of their capability for digitaliza­tion,stabilize supply chain operation,and improve the efficiency of supply chain.

Key words:outbreak;supply chain flexibilit­y management;early warning system;capability for digitaliza­tion

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