Fake news, misinformation, disinformation and supply chain risks and disruptions: risk management and resilience using blockchain

Abstract

Fake news, misinformation and disinformation have significantly increased over the past years, and they have a profound effect on societies and supply chains. This paper examines the relationship of information risks with supply chain disruptions and proposes blockchain applications and strategies to mitigate and manage them. We critically review the literature of SCRM and SCRES and find that information flows and risks are relatively attracting less attention. We contribute by suggesting that information integrates other flows, processes and operations, and it is an overarching theme that is essential in every part of the supply chain. Based on related studies we create a theoretical framework that incorporates fake news, misinformation and disinformation. To our knowledge, this is a first attempt to combine types of misleading information and SCRM/SCRES. We find that fake news, misinformation and disinformation can be amplified and cause larger supply chain disruptions, especially when they are exogenous and intentional. Finally, we present both theoretical and practical applications of blockchain technology to supply chain and find support that blockchain can actually advance risk management and resilience of supply chains. Cooperation and information sharing are effective strategies.

Blockchain technology adoption and supply chain resilience: exploring the role of transformational supply chain leadership

“…The decentralized, immutable and transparent nature of blockchain enhances the effectiveness of information sharing, visibility, trust and collaboration among supply chain partners (Dutta et al , 2020; Sheel and Nath, 2019). Consistent with OIPT, this research posits that adopting blockchain technology can improve supply chain information sharing, transparency and visibility while ensuring information security (Petratos and Faccia, 2023; Queiroz et al , 2019). This, in turn, aids in mitigating uncertainty risks and strengthens the firm’s ability to adapt to changes in the environment, thereby achieving SCR (Kumar Singh et al , 2023; Zhu et al , 2022).…”

“…Existing studies indicate that information sharing and supply chain visibility are effective strategies for mitigating supply chain disruptions (Akhtar et al , 2022; Brandon-Jones et al , 2014). However, the effectiveness of these strategies can be weakened by information distortion and network risks, resulting in even more severe supply chain disruptions (Chatterjee et al , 2023; Petratos and Faccia, 2023). Blockchain technology, with its distributed ledger and consensus mechanism, addresses the limitations of other technologies in this regard, making it a promising solution for enhancing SCR (Chowdhury et al , 2023; Min, 2019).…”

NLP Sentiment Analysis and Accounting Transparency: A New Era of Financial Record Keeping

“…Additionally, the proactive use of emerging technologies like blockchain may play a crucial role in fraud prevention rather than merely detecting them ex post. Blockchain's decentralised and immutable nature can add layers of security and transparency to financial transactions, thereby reducing opportunities for fraud [46][47][48].…”

The effects of supply chain governance on supply chain resilience based on information processing theory

“…Information processing theory stresses the fit between information processing capability and information processing requirements when facing uncertainty (Galbraith, 1974; Fan et al ., 2016). Due to the multiple sources of information in a modern supply chain, an organization's information processing capacity is challenged by redundant information, misinformation and disinformation (Petratos and Faccia, 2023). Therefore, organizations should improve appropriate information processing capability to ensure the quality of the acquired information.…”

“…Moreover, information shared based on trusted relations is more high-quality, reliable and relevant. For example, Petratos and Faccia (2023) concluded that, without appropriate information, it is impossible to anticipate risks and contingencies and decision-makers cannot effectively react. Therefore, relational governance facilitates information processing capability (Dubey et al ., 2021).…”