A supply chain resilience model for business continuity: The way forward for highly regulated industries

Author:

Aigbogun Osaro,Xing Meng,Fawehinmi Olawole,Ibeabuchi Chukwuebuka,Ehido Amauche,Ahmad Rohana Binti,Abdullahi Mohammed Sani

Abstract

The COVID-19 outbreak is a black swan event that has uncovered the delicateness of global supply chains and business architecture. Underpinned by the agency theory and institutional theory, a proposition for business continuity in the highly regulated pharma industry is presented in this paper. A cross-sectional quantitative study was carried out on a sample of 102 pharma supply chain executives in Malaysia. The primary data were gathered by administering a self-administered questionnaire and analyzed using the partial least squares structural equation modelling (PLS-SEM). The result reveals that supply chain orientation directly influences supply chain resilience. Also, introducing collaborative regulation as a mediator in this relationship shows partial mediation. The notion of collaborative regulation as a behavioral governance mechanism is relatively new, thus, presenting interesting opportunities for further exploration of the subject matter.

Publisher

Growing Science

Subject

Management Science and Operations Research,Statistics, Probability and Uncertainty,Strategy and Management,Business and International Management,Management Information Systems

Reference1 articles.

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