Reinventing Supply Chain Management in the Light of Unprecedented Scenario of Covid-19: SLR Based Approach

Abstract

A coronavirus epidemic exhibits an adverse influence on supply chain management since the pandemic situation affects all manufacturers, retailers, and wholesalers. Covid 19 significantly affects all sectors of the economy. Supply chain and risk management are more important than ever as businesses work to improve their operations and resilience. To solve the pandemic problem, the entire world is currently struggling. As companies try to enhance operations and boost business resilience, the importance of supply chain and risk management is more focussed than ever. Global efforts are being made to find a solution to the pandemic problem. The businesses are in charge of controlling the flow of essential commodities and services. Companies and organisations lack an effective strategy for handling this circumstance. Organizations operate in intricate networks, which makes it challenging for them to manage the supply chain system under the challenging circumstances of COVID19. Significant business and functional interruptions have been experienced by organisations, This have covered anything from minimising the effects of reduced supply to managing disruptions to service providers' operations, as well as undoubtedly overcoming challenges in obtaining their legally binding pledges to clients. This study focuses on the variables that affect the issues of pandemic and offers solutions to resolve them. It also highlights the situations related to endemic outbreaks in terms of their effect on network or transports and nodes of medicine or vaccine vendors through a systematic review of the researches done in relevant field by various researchers.