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The risks of managing supply chains have amplified under the influence of the Covid-19 pandemic. Kuwaiti strategies have to be questioned because stagnation and lack of adjustment would have a majorly negative effect on the local market. The increasing number of suppliers and business continuity risks must be considered to find relevant solutions to the Kuwaiti supply chain management problem.
Supplier performance monitoring is a serious problem that must be resolved to ensure that the dynamic nature of the risk environment is reckoned with during the life cycle of every contract (Hussaini 760). Exposure to similar obstacles could become a decisive factor for many supply chains around the globe because of the lack of a clear delineation between supplier relationships and contract risk ownership. In Kuwait, for example, supplier relationships require time and resource expenditures that are going to drive accountability and proper contract management (Luckstead et al. 385). Without these two elements, monitoring operations are going to be largely ineffective due to the increasing number of third-party suppliers.
The second problem that has to be pointed out when discussing the role of the supply chain in the development of Kuwait and its presence in the international arena is the existence of business continuity risks. Often, local organizations choose to explore numerous alternative options instead of picking the single-source strategy, causing them to lose time and money with no actual turnaround (Luckstead et al. 385). There is an evident trade-off between just-in-time manufacturing, for example, and higher inventory levels. For Kuwait, this means that delivery techniques have to be altered in order to connect with fewer suppliers and only follow business continuity considerations in the future (Hussaini 762). Supply chain disruptions always come with a risk that has to be mediated with the help of lean manufacturing leads and improved risk assessments.
The idea is that elusive supply chain management strategies have to be replaced with those based on premeditated sources and evidence-based interventions. Supply chain management in Kuwait has to focus on supplier performance and data security. This approach would limit the occurrence of negative business disruptions.
Works Cited
Hussaini, A. “Financial Supply Chain, Inventory Management and Supply Chain Efficiency: An Empirical Insight from Kuwait.” Uncertain Supply Chain Management, vol. 7, no. 4, 2019, pp. 753-766.
Luckstead, Jeff, et al. “Labor Issues in the Food Supply Chain amid the COVID‐19 Pandemic.” Applied Economic Perspectives and Policy, vol. 43, no. 1, 2021, pp. 382-400.
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