About the Book
This timely book explores the global developments impacting value chains, recognising that in the face of recent crises their stability can no longer be taken for granted. Taking into consideration the current demands these crises place on managerial decision makers, the book discusses how organisations should adapt their value chain practices in order to survive.
Expert authors assess globally interconnected value chains across manufacturing, shipping, energy, healthcare and food sectors, demonstrating that there is a growing desire to reduce dependencies and increase preparedness. Chapters highlight the need for decision makers to predict and respond to both internal and external factors, signals, tensions and crises that may threaten the operation of societies and organizations. This book examines the possibilities of digitalization, sustainability and circular supply chains in responding to or preparing for crises.
Decision Making in Value Chains in a Turbulent Era is a valuable resource for students and scholars of supply chain management, international business, business and management studies and economics. Practitioners in business management will also benefit from the new insights and forward-looking recommendations this book presents.
Table of Contents:
Contents
List of contributors vii
Foreword xvi
by Filip de Beule
Foreword xvii
by John Hurley and Chiara Litardi
1 Introduction 1
Kim E. van Oorschot, Albachiara Boffelli, Stefano Elia, and
Oliver von Dzengelevski
PART I GEOPOLITICAL TENSIONS AND NECESSARY
MANAGERIAL COMPETENCES
2 Challenges for MNCs to manage GVCs in an increasingly
turbulent context 21
Vítor Corado Simões
3 Reconfiguring supply chains under disruptions caused by
armed conflicts 42
Hamid Moradlou, Carmela Di Mauro, and Tetiana Sobolieva
4 Building resilience in a circular economy context: Circular
sourcing competences as an evolving research field 61
Emma Laurent, Lydia Bals, and Joe Miemczyk
PART II EMBEDDING SUSTAINABILITY IN GLOBAL
VALUE CHAINS: AN INTEGRATED PERSPECTIVE
5 Building resilient companies through industrial symbiosis 86
Kristina Kjersem, Siv Marina Flø Grimstad, Bella Belerivana
Nujen, and Hans Solli-Sæther
6 Balancing resilience and environmental sustainability:
Strategic sourcing in a global setting 113
Giacomo Grassi and Cristina Di Stefano
7 Managing decarbonization in global value chains: Decisionmaking and operational resilience in Finnish manufacturing
MNEs 136
Heidy Montero-Teran, Rudolf R. Sinkovics, and Olli Kuivalainen
PART III OFFSHORING AND DIGITALIZATION
8 Companies moving: Offshoring trends in the last decade in
Europe 160
Chiara Litardi and John Hurley
9 From hype to meaning: Sensemaking in blockchain adoption 178
Jurgita Butkevičienė and Žilvinas Židonis
10 Improving agility and decision quality in value chains
through digital twin integration 201
Vjeran Strahonja
PART IV VALUE CHAIN RESTRUCTURING IN AN ERA OF
GLOBAL DECOUPLING
11 An exploration of policy actions in the EU and the US to
address critical materials supply challenges 227
Paolo Barbieri, Pietro De Ponti, Luciano Fratocchi, Matteo
Kalchschmidt, Antonella Maria Moretto, and Cristina Pensa
12 Critical raw materials and foreign direct investments in the
semiconductor value chain 247
Matteo Cilenti, Pietro De Ponti, Stefano Elia, and Federico
Francavilla
13 An economic realism perspective to link deglobalization and
decoupling with European regionalization and Italian supply
backshoring 271
Paolo Barbieri, Albachiara Boffelli, Cristina Di Stefano,
Stefano Elia, Luciano Fratocchi, Matteo Kalchschmidt,
Diletta Pegoraro, and Cristina Pensa
About the Author :
Edited by Kim E. van Oorschot, Professor, Department of Accounting and Operations Management, BI Norwegian Business School, Norway, Albachiara Boffelli, Associate Professor, Department of Management, Information and Production Engineering, University of Bergamo, Stefano Elia, Associate Professor, Department of Management, Economics and Industrial Engineering, Politecnico di Milano, Italy and Oliver von Dzengelevski, Lecturer, Department of Management, Technology, and Economics, ETH Zurich, Switzerland
Review :
‘In this book the editors offer a timely, research-grounded guide to navigating disruption. Across geopolitics, sustainability, digitalization and decoupling, the chapters illuminate how leaders can sense weak signals, balance resilience with circularity, and redesign global networks for a more volatile—yet still deeply interconnected—world. It reflects on some of the contemporary issues facing companies today in a highly competent way.’
‘Managing value chains in today’s turbulent reality is an increasingly complex task. This book provides a broad perspective on relevant and important issues such as geopolitics, sustainability, resilience, digitalization, regionalization and backshoring. Overall, the book provides interesting reading for researchers as well as managers.’
