Trade wars, embargos and sanctions: Implications for supply chain management
2021 (English)Conference paper, Oral presentation with published abstract (Refereed)
Sustainable development
According to the author(s), the content of this publication falls within the area of sustainable development.
Abstract [en]
Purpose
The purpose of the study is to explore the logistics and SC effects linked to trade wars, embargos, and sanctions, or even other geopolitical events that effects and alters the current status quo of international trade and business relations. The paper also provides a research agenda for SCM on this basis.
Design/methodology/approach
This is a conceptual paper based on a system approach, which emphasizes a holistic view instead of the characteristics of the different parts. The paper revisits macro-economic and geopolitical developments and evaluates their impact on, and implications for supply chains.
Findings
The paper frames supply chains within macro-economic and geopolitical events and their development. It shows that causal relationships between acts of trade conflict to an actual and intended change in the trade between actors are weak, paradoxical, and non-linear. Outside of conflicts, changes to the rules and regulations in international business are slow and predictable, allowing for companies and their supply chains to adapt. Trade wars make the changes in trade regulations less predictable but they are also introduced at a much higher pace. This results in higher uncertainty for all involved actors. This also results in a new supply chain systemic behaviour, which is better understood as a complex system instead of the more traditional supply chain view of stable links and nodes.
Originality/value
The paper contributes to the understanding of geopolitical developments and their implications for supply chain management and develops a specific research agenda for supply chain management.
Place, publisher, year, edition, pages
2021.
Keywords [en]
Supply chain management, supply chain strategy, international trade, trade wars, geopolitical conflicts
National Category
Transport Systems and Logistics
Research subject
Textiles and Fashion (General)
Identifiers
URN: urn:nbn:se:hb:diva-26902OAI: oai:DiVA.org:hb-26902DiVA, id: diva2:1611663
Conference
The 33rd annual NOFOMA conference; was planned to be held in Reykjavik, Iceland but went on-line 28-30 September 2021.
2021-11-152021-11-152022-01-06Bibliographically approved