Financial Supply Chain Management in the Post Pandemic Era Cover Image

Financial Supply Chain Management in the Post Pandemic Era
Financial Supply Chain Management in the Post Pandemic Era

Author(s): Mamun Habib, Ikram Hasan
Subject(s): Economy, Business Economy / Management, Transport / Logistics
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: supply chain management; financial SCM; coronavirus; supply chain disruptions; reshaping the future; blockchain technology
Summary/Abstract: Over the course of the past three decades, supply chain management, known as SCM, has been the subject of substantial research in a wide range of application fields. In addition to elucidating the chronological potential of SCM in terms of time frame in various sectors of the industrial and service industries, the scope of this study encompasses the theory behind supply chain management as well as its historical development. It has been demonstrated that the core supply chain, which consists of a number of corporations and organizations that act as intermediaries, exists for both the manufacturing and service industries. This study provides evidence that COVID 19 has had a significant impact on the management of contemporary supply chains. This study reveals appropriate strategies for managing the supply chain in this pandemic scenario, as well as for transforming the supply network of the future. In addition to this, the authors details how the financial supply chain functions in the post-pandemic environment, as well as how blockchain technology can significantly enhance this function through enhanced traceability and visibility, improved demand forecasting, open access, fraud prevention, and transaction atomization achieved through the use of smart contracts.