Citation:

Juan B. Román Torres, Matthew P. Earnhardt, Juan Roman, Thomas Schaefer. "Supply Chain Reliability in the Integrated Oil & Gas Industry Post Covid-19: Applying the Supply Chain Reliability Ratio" International Research Journal of Economics and Management Studies, Vol. 2, No. 3, pp. 260-273, 2023.

Abstract:

The integrated oil and gas industry has historically had a unique supply chain. The nature of producing these commodities has presented oil executives with challenges related to transporting the finished goods to consumers, making the reliability of their supply chains essential in driving profits. The COVID-19 pandemic has exacerbated these challenges in conjunction with worldwide supply chain difficulties. Supply chain reliability has thus become an essential driver of business success and possibly survival. This investigation measures the reliability of the supply chains of the 15 largest companies in the integrated oil and gas industry for the period of 2000-2020. To achieve this, the supply chain reliability ratio (SCRe) is developed, and a reliability score is given to each company to facilitate comparisons across time. Regression results, with a predictive value of supply chain reliability p< .05, suggest an association between the SCRe ratio and supply chain reliability. In addition, all examined companies suffered supply chain reliability disruptions during COVID-19. However, government entities fared better than publicly owned corporations, which suggests that corporate ownership, operational efficiencies, and exogenous event have an impact on supply chain reliability, a finding that aligns with current literature.

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Keywords:

Supply Chain Reliability, COVID-19, Integrated Oil & Gas, Organizational Reliability.