Covid-19: Balancing risk and reward in business : A multi-case research studying Covid-19’s effects Swedish based firms’ supply chains and whether firms’ risk management has been sufficient or not.
Abstract: When global complications occur firms must possess the capability to work around the new obstacles and aim to proceed with their operations as normal as possible. With the Covid-19 situation escalating day by day, the worries regarding if the companies of the world grow consequentially. This research has then been conducted with multiple cases in order to understand if the supply chains for production firms as well as service supply chains for service firms has been compromised in any way. If this is the case, the authors also aimed to find out whether there were any specific measures within the supply chains that can be applied to lower the negative consequences. To gain another level of depth to the understanding of the situation, the authors also chose to analyze the risk management aspect of the selected firms, to see if a lack of risk management and risk preparedness can affect the issues for the firm. The findings of this paper ultimately reveal that cases with a high level of internalization and that are operating with a service supply chain are managing the urgent situation to a better degree, with fewer complications due to Covid19.
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