Revisit of AAA Excellence of Global Value Chains: Robustness, Resilience and Realignment

30 Pages Posted: 16 Nov 2020

See all articles by Morris A. Cohen

Morris A. Cohen

University of Pennsylvania - The Wharton School

Panos Kouvelis

Washington University in St. Louis

Multiple version iconThere are 2 versions of this paper

Date Written: September 28, 2020

Abstract

What are the attributes of the best performing supply chains? According to Lee (2004), the best supply chains are agile, adaptable, and ensure all their companies interests stay aligned, i.e., The Triple-A framework. Fifteen years later, we find global supply chains exposed with an increasing frequency and alarming severity to low probability disruptive shocks. We revisit the question of the current attributes of best performing supply chains in a highly uncertain and risk fraught world. Using the lessons of the last twenty years, we propose a new framework, The “Triple A & R” framework, as the foundational concept of excellence capabilities in global supply chains. Supply chains have to enhance agility with robustness, for real time excellent performance across a wide-range of risk scenarios. Adaptability has to go beyond adjustment to trends and require the building of resilience to recover from current shocks and proactively mitigate future such shocks. We need to rethink and pursue re-alignment of incentives for a “new normal” with changing consumer preferences, new value propositions and innovative business models. We review relevant literature that supported the implementation of Triple-A practices in the best chains, and highlight the challenges faced by them in the last twenty years. We offer an array of interesting research directions to flesh out “Triple A & R” concepts and develop practices for its effective implementation.

Suggested Citation

Cohen, Morris A. and Kouvelis, Panos, Revisit of AAA Excellence of Global Value Chains: Robustness, Resilience and Realignment (September 28, 2020). Available at SSRN: https://ssrn.com/abstract=3701102 or http://dx.doi.org/10.2139/ssrn.3701102

Morris A. Cohen (Contact Author)

University of Pennsylvania - The Wharton School ( email )

Philadelphia, PA 19104
United States

Panos Kouvelis

Washington University in St. Louis ( email )

One Brookings Drive
Campus Box 1156
St. Louis, MO 63130-4899
United States

HOME PAGE: http://www.panoskouvelis.info

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