How Reshoring Has Shaped the Impact of COVID-19 on Spanish Footwear Firms
- Martinez-Mora, Carmen 1
- Merino, Fernando 2
-
1
Universitat d'Alacant
info
- 2 Univerty of Murcia
ISSN: 1133-3197, 1697-5731
Année de publication: 2023
Titre de la publication: Socially Responsible Investment and Sustainable Finance: How can economics – finance research contribute to the sustainable development of the planet?
Volumen: 41
Número: 3
Type: Article
D'autres publications dans: Estudios de economía aplicada
Résumé
COVID-19 has caused major disruption to the operations of firms in terms of both their supply chains and their demand. This paper studies how the configuration of the supply chains, resulting from previous offshoring and reshoring decisions, has affected the responsiveness and resilience of firms in this situation. The analysis is applied to the Spanish footwear sector and allows us to develop possible future scenarios in which the reconfiguration of value chains and the use of advanced technologies play an essential role. To do this, we use the “scenario planning methodology” combined with analytical models for the offshoring question. We conclude that the reshoring process motivated by the 2008 crisis has been fundamental for strengthening the resilience of firms to the COVID-19 crisis, as has the incorporation of new technologies.
Références bibliographiques
- Abhishek, B.V., Gupta, P., Kaushik, M., Kishore, A., Kumar, R., Sharma, A. and Verma, S. (2020). Indias’s food system in the time of COVID-19, Economic and Political Weekly, Vol. 55, No. 15, pp. 12-14.
- Baldwin, R. and Evenett, S. (Eds) (2020). COVID-19 and Trade Policy: Why Turning Inward Won’t Work. Centre for Economic Policy Research, London (United Kingdom).
- Baldwin, R. and Taglioni, D. (2009). The great trade collapse and trade imbalances. In Baldwin (Ed.), The great trade collapse: causes, consequences and prospects. The Graduate Institute, Geneva (Switzerland).
- Belhadi, A., Kamble, S., Jabbour, C. J. C., Gunasekaran, A., Ndubisi, N. O. and Venkatesh, M. (2021). Manufacturing and service supply chain resilience to the COVID-19 outbreak: Lessons learned from the automobile and airline industries. Technological forecasting and social change, Vol. 163, 120447.
- Bellandi, M., De Propris, L. and Santini, E. (2019). Industry 4.0 + challenges to local productive systems and place-based integrated industrial policies. In Bianchi, P., Durán, C.R. and labory (Eds.), Transforming Industrial policy for the Digital Age: Production, Territories and Structural Change. Cheltenham: Edward Publishing.
- Bonilla, S.H., Silva, H.R.O., da Silva, M.T., Gonçalves, R.F. and Sacomano, J.B. (2018). Industry 4.0 and sustainability implications: A scenario-based analysis of the impacts and challenges, Sustainability, Vol. 10, 3740.
- Chowdhury, P., Paul S.K. and Kaisar, S. (2021). COVID-19 pandemic related supply chain studies: A systematic review, Transportation Research Part E, Vol. 148, 102271.
- Cohen, M., Cui, S., Doetsch, S., Ernst, R., Huchzermeier, A., Kouvelis, P., Lee, H., Matsuo, H. and Tsay, A. (2022). Understanding Global Supply Chain and Resilience: Theory and Practice. In Creating Values with Operations and Analytics: A Tribute to the Contributions of Professor Morris Cohen (pp. 287-311). Cham: Springer International Publishing.
- Dachs, B., Kinkel, S., Jäger, A. and Palčič I. (2019). Backshoring of production activities in European manufacturing. Journal of Purchasing and Supply Management, Vol. 25(3), 100531.
- De Backer, K. and Flaig, D. (2017). The future of global value chains: Business as usual or “a new normal”?, OECD Science, Technology and Industry Policy Papers, No 41, OECD Publishing, Paris.
- De Lucio, J., Dí¬az-Mora, C., Minguez, R., Minondo, A. and Requena, F. (2023). Do firms react to supply-chain disruptions? . Working Papers 2306, Department of Applied Economics II, Universitat de València.
- De Treville, S., Bicer, I., Chavez-Demoulin, V., Hagspiel, V., Schürhoff, N., Tasserit, C. and Wager, S., (2014b). Valuing lead time. Journal of Operations Management, Vol. 32, pp. 337-346.
- De Treville, S., Schürhoff, N., Trigeorgis, L. and Avanzi, B., (2014a). Optimal sourcing and lead-time reduction under evolutionary demand risk Production and Operations Management, Vol. 23, pp. 2103-2117.
- El Baz, J. and Ruel, S. (2021). Can supply chain risk management practices mitigate the disruption impacts on supply chains’ resilience and robustness? Evidence from an empirical survey in a COVID-19 outbreak era. International Journal of Production Economics, Vol. 233, 107972.
- FICE (2020). Memoria de Actividades 2019, Ed. FICE, Madrid (Spain)
- Flegontova, T. and Ponomavera, O. (2020). Transforming global value chains in the context of the COVID-19 pandemic, Monitoring of Russia’s Economic Outlook: Trends and challenges of socio-economic development Moscow. IEP. No 7, pp. 20-26.
- Foerstl, K., Kirchoff, J.F. and Bals, L. (2016). Reshoring and insourcing: Drivers and future research directions, International Journal of Physical Distribution and Logistics Management, Vol. 46, No. 5. pp. 492-515.
- Frith, D. and Tapinos, E. (2020). Opening the ‘black box’ of scenario planning through realist synthesis, Technological Forecasting & Social Change, Vol. 151, 119801.
- Garvey, M. D. and Carnovale, S. (2020). The rippled newsvendor: A new inventory framework for modelling supply chain risk severity in the presence of risk propagation, Journal of Production Economics, Vol. 228, 107752.
- Golan, M.S., Jernegan, L.H. and Linkov, I. (2020). Trends and applications of resilience analytics in supply chain modeling: systematic literature review in the context of the COVID-19 pandemic, Environment Systems and Decisions, Vol. 40, pp. 222-243.
- Goldman Sachs. (2022). Strengthening Supply Chain Resilience: Reshoring, Diversification, and Inventory Overstocking. US Economic Analyst, 27 March.
- Gössling, S., Scott, D. (2012). Scenario planning for sustainable tourism: an introduction, Journal of Sustainable Tourism, Vol. 20, No. 6, pp. 773-778.
- Gray, J.V., Esenduran, G., Rungtusanatham, M.J. and Skowronski, K. (2017). “Why in the world did they reshore? Examining small to medium-sized manufacturer decisions”, Journal of Operations Management, Vol. 49-21, pp. 37-51.
- Ivanov, D. and Das, A., (2020). Coronavirus (COVID-19 / SARS-CoV-2) and supply chain resilience: a research note, International Journal of Integrated Supply Management, Vol. 13, pp. 90-102.
- Juergensen, J., Guimón, J. and Narula, R. (2020). European SMEs amidst the COVID-19 crisis: Assessing impact and policy responses, Journal of Industrial and Business Economics, Vol. 47, pp. 499-510.
- Khanna, G., Morales, N. and Pandalai-Nayar, N. (2022). Supply chain resilience: Evidence from Indian firms. NBER Working Paper 30689. National Bureau of Economic Research.
- Kano, L., Tsnag, E.W. and Yeung, H.W.C. (2020). Global value chains: A review of the multi-disciplinary literature, Journal of International Business, Vol. 51, pp. 577-622.
- Knight, L., Meehan, J., Tapinos, E., Menzies, L. and Pfeiffer, A. (2020). Researching the future purchasing and supply management: The purpose and potential of scenarios, Journal of Purchasing and Supply Management, Vol. 26, 100624.
- Kraus, S., Clauss, T., Breier, M., Gast, J., Zardini, A. and Tiberius, V. (2020). The economics of COVID-19: Initial empirical evidence on how family firms in five European countries cope with the corona crisis, International Journal of Entrepeneurial Behaviour and Research, Vol. 26, No 5, pp. 1067-1092.
- Lafrogne-Joussier, R., Martin, J. and Mejean, I. (2023). Supply shocks in supply chains: Evidence from the early lockdown in China. IMF economic review, Vol. 71 No. 1, pp. 170-215.
- Martínez-Mora, C. and Merino, F. (2014). Offshoring in the Spanish footwear industry. A return journey? Journal of Purchasing and Supply Management, Vol. 20, pp. 225-237.
- Martínez-Mora, C. and Merino, F. (2017). La estrategia de retorno de la industria española: El caso del sector calzado en Alicante, su importancia y determinantes. Estudios de Economía Aplicada, Vol. 35, No 3, pp. 777-800.
- Miranda, J.A. (2013). La internacionalización de la industria española del calzado: Del auge exportador a la deslocalización, 1960-2013. Revista de Historia de la Economía y de la Empresa, Vol. VIII, pp. 251-283.
- Młody, M. (2016). Reshoring Trend and cee: An Assessment of Possible Scenarios on the Example of Poland, Management, Vol. 11, pp. 29-50.
- OECD (2020). Foreign direct investment flows in the time of COVID-19 in Tackling coronavirus (covid19): Contributing to a global effort.
- Ozdemir, D., Sharma, M., Dhir, A., and Daim, T. (2022). Supply chain resilience during the COVID-19 pandemic. Technology in Society, Vol. 68, 101847.
- Pantano, E., Pizzi, G., Scarpi, D. and Dennis, C. (2020). Competing during a pandemic? Retailers’ups and downs during the COVID-10 outbreak, Journal of Business Research, Vol. 116, pp. 209-213.
- Paul, S.K., Chowdhury, P. (2020). A production recovery plan in manufacturing supply chains for a high-demand item during COVID-19, International Journal of Physical Distribution & Logistic Management, Vol. 51(2), pp. 104-125.
- Pimenta, M. L., Cezarino, L. O., Piato, E. L., da Silva, C. H. P., Oliveira, B. G. and Liboni, L. B. (2022). Supply chain resilience in a Covid-19 scenario: Mapping capabilities in a systemic framework. Sustainable Production and Consumption, Vol 29, pp. 649-656.
- Richards, T.J., Rickard, B. (2020). COVID-19 impact on fruit and vegetables markets, Canadian Journal of Agricultural Economics, Vol. 68 (2), pp. 189-194.
- Sharma, A., Adhikary, A. and Borah, S.B. (2020). Covid-19’s impact on supply chain decisions: Strategic insights from NASDAQ 100 firms Twitter data, Journal of Business Research, Vol. 117, pp. 443-449.
- Shekarian, M., and Parast, M.M. (2020). An Integrative approach to supply chain disruption risk and resilience management: a literature review, International Journal of Logistics Research and Applications.Vol. 2224 (5), pp. 427-455.
- Shen, Z. M. and Sun, Y. (2023). Strengthening supply chain resilience during COVID‐19: A case study of JD. com. Journal of Operations Management, Vol 69, No. 3, pp. 359-383.
- Spaniol, M.J. and Rowland, N.J. (2018). The scenario planning paradox, Futures, Vol. 95, pp. 33-43.
- Spieske, A. and Birkel, H. (2021). Improving supply chain resilience through industry 4.0: A systematic literature review under the impressions of the COVID-19 pandemic. Computers & Industrial Engineering, Vol. 158, 107452.
- Stentoft, J., Olhager, J., Heikkilä, J. and Thoms, L. (2016). Manufacturing backshoring: A systematic literature review. Operations Management Research, Vol. 9 No. 3), pp. 53–61.
- Strange, R. (2020). The 2020 Covid-19 pandemic and global value chains, Journal of Industrial and Business Economics, Vol. 47, pp. 455-465.
- Verma, S. and Gustafsson, A. (2020). Investigating the emerging COVID-19 research trends in the field of business and management: a bibliometric analysis approach, Journal of Business Research, Vol. 118, pp. 253-261.49Yin, R.K. (2018), “Case study research”, 6th Ed. Los Angeles (US), Sage Publications.