A risk-sharing-based resilient renewable energy supply network model under the COVID-19 pandemic

Recent outbreak of COVID-19 pandemic has provided strong impetus to supply chain resilience research. In a volatile and uncertain business environment, resilience can be incorporated by developing and implementing effective risk mitigation strategies. In this research, risk mitigation strategies for environmentally sustainable clothing supply chain have been prioritised by considering their efficacy to mitigate various risks. Twelve risks and thirteen mitigation strategies, identified through literature review and experts' opinion, are considered as decision criteria and alternatives respectively. Fuzzy Technique for Order Preference by Similarity to Ideal Solutions (fuzzy TOPSIS) is implemented under a group decision making scenario for prioritising the strategies. Developing supply chain agility; multiple green sourcing and flexible capacities; adoption of green practices; building trust, coordination and collaboration; and alignment of economic incentives and revenue sharing are found to be dominant risk mitigation strategies for environmentally sustainable clothing supply chain. These strategies have been viewed through the lens of resource dependence, change management and transaction cost theories. Organisation desirous to build resilience in their supply chain can prioritise the risk mitigation strategies and adopt a portfolio of strategies based on the outcome of this research.

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“…(2015) ; Ghadge et al. (2017) ; Tsao et al., (2021) . 4 Risk acceptance Preferred for the risks having low probability and low impact.…”

Section: Methodsmentioning

confidence: 99%

Prioritising risk mitigation strategies for environmentally sustainable clothing supply chains: Insights from selected organisational theories

Majumdar

Sinha

Govindan

2021

Sustainable Production and Consumption

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“…COVID-19 possibly have hastened the end of fossil fuel energy in the power sector [74,75]. In this context, consideration may be given to a resilient RESbased energy supply network model, which, presented in [76], is based on risk-sharing between the government, power plant and consumers in the light of the COVID-19 pandemic.…”

Section: Next Step: Smart Prosumermentioning

confidence: 99%

Impact of the Lockdown during the COVID-19 Pandemic on Electricity Use by Residential Users

et al. 2021

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The COVID-19 pandemic and the associated lockdown can be regarded as a forced social experiment, the results of which show how to use energy under specific conditions. During this period, there was a reduction in electricity consumption at the level of the power system, but a different specificity distinguishes the group of household users. The article aims at presenting and analysing the identified issues concerning residential electricity users based on the experience from the COVID-19 pandemic lockdown. Data from energy meters from almost 7000 flats in Warsaw’s housing estates during the lockdown in 2020 and the analogous period before the pandemic were used. The analysis showed that, on average, residential users staying practically the whole day in their flats increased their energy consumption, but without increasing their average daily peak power, smoothing the profile in the morning hours to the level reaching the peak power that had occurred in the analogous period before the lockdown. The peak power of the sections feeding the different numbers of dwellings also remained practically unchanged during the lockdown compared to the pre-pandemic period. The pressure to work and educate remotely should contribute to an increase in the digital competence of society, which may result in an increased interest in new forms of activity and cooperation based on demand-side response and prosumption mechanisms, with digital settlements for energy exchange and services.

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“…Javed and Wu [90] and Obina-Ramírez et al [91] found that the recommendations of other online consumers were the experiences with the greatest recurrence by socially responsible consumers, in addition to the trust of the website, the guarantees, and the refunds with which companies manage to positively influence the level of satisfaction. Panic purchases have increased since the emergence of the COVID-19 pandemic, which has led to a general increase in prices, product depletion, and fear due to economic and social uncertainty [92]. Therefore, this phenomenon has stimulated consumer behavior to buy products not only essential for daily life [83].…”

Section: The Socially Responsible Buyer and Panic Buyer Experience And Customer Satisfactionmentioning

confidence: 99%

Online Buyers and Open Innovation: Security, Experience, and Satisfaction

Valdez-Juárez

Gallardo‐Vázquez

Ramos-Escobar

2021

Journal of Open Innovation: Technology, Market, and Complexity

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The topic of consumer behavior in a social context is important due to its influence on the behaviors and attitudes of individuals. New online business models are adopting open innovation practices focused on improving their sales channels through their technological capacity. In this paper, we analyze the purchase intentions in a business context to identify consumer needs through the proper purchase decision process. We must also observe the internal and external factors that influence consumer behavior. More exactly, electronic commerce is facing challenges and opportunities manifested by online consumers, such as design, security, trust, risk, uncertainty, and satisfaction with online purchases. Many external factors (economic, political, social, environmental, and health) influence buyers’ intentions and behaviors. The objectives of this study are to (1) determine the influence of the security level of websites on purchasing behaviors (socially responsible and panic buyers), (2) determine the effect of website security on consumer satisfaction, (3) determine the effect of buyers (socially responsible and panic buyers) on the level of satisfaction, and (4) examine if the buyer experience has a moderating effect between the variables (socially responsible and panic buyers) and the dependent variable (customer satisfaction). We focus on a sample of 663 socially responsible online buyers and panic buyers from the Sonora, Baja California, and Sinaloa regions in Mexico. Data were collected from the months of April to August 2020, and an online questionnaire was used address to each of the residents of these regions aged between 20 and 55 and who were economically active. The data were analyzed using the structural equation model–partial least squares (SEM-PLS) model based on variance. The findings show that website security has significant positive effects on socially responsible buyers, panic buyers, and the level of customer satisfaction. Socially responsible buyers also have positive effects on customer satisfaction. However, the relationship between panic buyers and customer satisfaction is not supported. Related to a moderation analysis, that the buyer experience has a significant effect on the relationship between socially responsible online buyers and the level of satisfaction. Conversely, we find empirical evidence of the buyer experience having no significant effect between panic buyers and customer satisfaction. Our findings contribute to the development of various theories: the theory of behavioral reasoning (BRT), social identity theory (SIT), and the technological adaptation model (TAM). From an academic point of view, the findings are positive and encouraging, contributing to the literature on the e-commerce, behaviors, and attitudes of purchase intentions of individuals. Our work is incorporated into the existing literature on purchase intention and virtual business models, whose characteristics need to continue to be outlined, constituting a popular business model in recent years.

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A risk-sharing-based resilient renewable energy supply network model under the COVID-19 pandemic

Cited by 32 publications

References 51 publications

Prioritising risk mitigation strategies for environmentally sustainable clothing supply chains: Insights from selected organisational theories

Prioritising risk mitigation strategies for environmentally sustainable clothing supply chains: Insights from selected organisational theories

Impact of the Lockdown during the COVID-19 Pandemic on Electricity Use by Residential Users

Online Buyers and Open Innovation: Security, Experience, and Satisfaction

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