Reimagining global food value chains through effective resilience to COVID-19 shocks and similar future events_ A dynamic capability perspective.pdf (898.95 kB)
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Reimagining global food value chains through effective resilience to COVID-19 shocks and similar future events: A dynamic capability perspective

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journal contribution
posted on 03.08.2022, 03:57 authored by Imran AliImran Ali, Ahmad Arslan, Maruf Chowdhury, Zaheer Khan, Shlomo Y Tarba
The restructuring of global value/supply chains gained increasing attention as the unprecedented COVID-19 echoed around the world. Yet, the COVID-19 related theory-driven, large scale quantitative, and empirical studies are relatively scarce. This study advances the extant literature by empirically investigating how do firms in the global food value chains (GFVCs) re-imagine their businesses structure in response to the COVID-19—becoming more resilient and competitive to the current pandemic and similar future events. We leverage a unique data of 231 senior managers of the Australian GFVCs and examine their firms’ response strategies. Drawing upon key insights from the dynamic capability view, we find that GFVCs’ competitiveness is achieved when exposure to COVID-19 shocks elicits dynamic capabilities—readiness, response, recovery—and these capabilities work jointly and sequentially to cultivate resilience. A key finding of this study is that firms with domestic plus global value chain partners are more resilient than those having only global business partners. This finding implies that excessive reliance on offshoring sometimes becomes lethal, especially amid unexpected and prolonged global shocks and, therefore, companies should strike a balance between domestic and global business partners to remain competitive. These findings offer important contributions to theory, practice, and UN sustainable development goals.

History

Volume

141

Start Page

1

End Page

12

Number of Pages

12

eISSN

1873-7978

ISSN

0148-2963

Publisher

Elsevier

Additional Rights

CC BY-NC-ND 4.0

Language

en

Peer Reviewed

Yes

Open Access

Yes

Acceptance Date

06/12/2021

External Author Affiliations

University of Oulu, Finland; University of Birmingham, University of Technology, Sydney; University of Aberdeen, UK

Era Eligible

Yes

Medium

Print-Electronic

Journal

Journal of Business Research