Evaluation of Strategies for Eradicating Supply Chain Disruption in Steel and Rolling Industries in Bangladesh by MCDM Approaches
Year: 2024
Type: conference-paper
Abstract: The coronavirus (COVID-19) pandemic has had wide-ranging industry-level impacts. As COVID-19 creates further economic uncertainty and loss, maximizing returns, and managing risk. The study starts by looking at underlying factors that lead to supply chain interruptions from COVID-19 to unforeseen uncertainty. The study also highlights the significance of continuous improvement and adaptation. In essence, the COVID-19 pandemic-related supply chain disruptions are being addressed by the global steel and rolling industries. We learn from this research which strategies essential for sustainability have the greatest positive effects. Aside from the strategies, the various impacts will be quantified. For studying the impacts based on various strategies and criteria, analytical Fuzzy TOPSIS and Best Worst Method (BWM) systems are utilized. Implementing a continuous learning culture and conducting post-disruption analysis facilitates the identification of lessons learned and the implementation of preventive measures. Agile and adaptable supply chain structures enable organizations to quickly respond to unforeseen disruptions and adjust their operations accordingly. Bangladeshi steel & rolling industries may successfully handle disruptions, improve supply chain resilience, and guarantee ongoing company operations in an increasingly unstable global environment by implementing these techniques and forming solid relationships. Keywords Supply chain risk management, Supply chain disruptions, Supply chain uncertainty and risk, Pricing, Enhancing sustainability.
Authors: Priyatosh Dey, Hrittik Mural, Adri Dash, Md. Firoz Kabir, Tasnuva Jahan Nuva, Md Jahidul Islam Seyam
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W4409249672