Beyond COVID-19 supply chain heroism, no dust settling yet – lessons learned at Rolls Royce about advancing risk management thinking
International Journal of Operations & Production Management
ISSN: 0144-3577
Article publication date: 20 August 2021
Issue publication date: 22 October 2021
Abstract
Purpose
While there is a rich body of risk management literature and while there have been valuable theoretical advancements on the specific impact of the COVID-19 pandemic on risks, this paper aims to posit that at least four more advancements are needed.
Design/methodology/approach
The co-author from Rolls Royce (RR) illustrates the risks experienced and risk management approaches taken in its manufacturing and supply chain operations both in the earlier stages of the pandemic as well as after the first year of the pandemic.
Findings
The COVID-19 pandemic offers a unique risk scenario that is beyond the scope of most existing risk management literature. The impact of the pandemic is very multi-faceted, not location specific but very global and experienced throughout the entire supply chain, across industries and over a much extended timeline with multiple time horizons. In manufacturing operations, there have been major instances of supply chain heroism in the first year of the pandemic and there is a lot more work ahead.
Originality/value
The authors' co-created paper enriches the perspective on COVID-19 research in manufacturing and supply chain operations by pointing at empirical opportunities, the need for more inter disciplinary research and the need to consider multiple time horizons.
Keywords
Citation
van Hoek, R. and Loseby, D. (2021), "Beyond COVID-19 supply chain heroism, no dust settling yet – lessons learned at Rolls Royce about advancing risk management thinking", International Journal of Operations & Production Management, Vol. 41 No. 10, pp. 1579-1592. https://doi.org/10.1108/IJOPM-03-2021-0141
Publisher
:Emerald Publishing Limited
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