Supply chains have been facing many disruptions due to natural and man-made disasters. Recently, the global pandemic caused by COVID-19 outbreak, has severely hit trade and investment worldwide. Companies around the world faced significant disruption in their supply chains. This study aims to explore the impacts of COVID-19 outbreak on supply chain risks (SCRs). Based on a comprehensive literature review on supply chain risk management, 70 risks are identified and listed in 7 categories including demand, supply, logistics, political, manufacturing, financial and information. Then, a modified failure mode and effects analysis (FMEA) is proposed to assess the identified SCRs, which integrates FMEA and best-worst method to provide a double effectiveness. The results demonstrate the efficiency of the proposed method, and according to the main findings, "insufficient information about demand quantities", "shortages on supply markets", "bullwhip effect", "loss of key suppliers", "transportation breakdowns", "suppliers", "on-time delivery", "government restrictions", "suppliers' temporary closure", "market demand change" and "single supply sourcing" are the top 10 SCRs during the COVID-19 outbreak, respectively. Finally, the practical implications are discussed and useful managerial insights are recommended. ; WOS:000777221200003
Metrics Funding details Abstract Due to the complexity of real-world multi-criteria decision-making (MCDM) issues, an-alyzing different opinions from a group of decision makers needs to ensure appropriate decision making. The group decision-making methods collect preferences of the decision makers and present the best preferences using mathematical equations. The best–worst method (BWM) is one of the recently introduced MCDM methods that requires fewer pairwise comparisons to obtain the criteria weights than the other MCDM methods. In this research, we develop a novel approach to group decision-making problems based on the BWM called G-BWM. This approach helps us to analyze the preferences of decision makers to carry out democratic decision making using the BWM structure. In order to assess the applicability of the proposed methodology and represent its novelty, two numerical examples from the literature with the application to supply chain management (SCM) (i.e., green supplier selection and supplier development/segmentation) are examined and discussed. The results demonstrate the performance of our proposed G-BWM for group decision making in terms of a large number of decision makers, ease of use and achieving democratic decisions in the decision-making process. ; WOS:000690647600001 ; Q1