Download pdf
On Supply Chain Risk in Retail Industry—Taking Costco as an Example
- 1 School of Management, Xihua University, Chengdu, 610039, China
* Author to whom correspondence should be addressed.
Abstract
With the advancement of technology and the changes of markets, supply chain has always been the lifeblood of retail companies and it becomes more and more important for the most of managers. Because of the immediacy of goods transportation, retail enterprises have always been strongly dependent on the supply chain, especially in the face of increasing customers’ demand. However, since the global economic downturn caused by the COVID-19 pandemic, most companies have been affected. The importance of the supply chain is reflected in the stranded goods of suppliers and the shortage of goods in supermarkets. And this situation can easily put the company under great business threat, such as Costco and Walmart. These companies have encountered with a shortage of goods during the COVID-19 pandemic when supplies were low. This paper will start from the current situation of the retail supply chain by using ESG and SWOT analysis, trying to find out the potential risks of the supply chain, and trying to put forward some suggestions for improvement.
Keywords
supply chain, retail industry, ESG, risks
[1]. The state of the Supply Chain Industry (2022), Blue Ridge and Smart Brief, http://www.smartbrief.com/about/content-marketing
[2]. Jill E. Hobbs. (2020). Food supply chains during the COVID‐19 pandemic. Canadian Journal of Agricultural Economics/Revue Canadienne agroeconomic (2). doi:10.1111/cjag.12237
[3]. Retail Systems Research. (2022). Costco and Walmart: A tale of two supply chains. https:/www rsrresearch.com/research/the-state-of-the-supply-chain.
[4]. ESG consideration report. (2023). ESG in Supply Chain Management: The Future of Corporate Responsibility. https://www.tradecloud1.com/en/esg-in-supply-chain-management-the-future-of-corporate-responsibility/
[5]. The use of ESG report. (2022) ESG in supply chains: Early integration can bolster your business. https://www.pwc.com/us/en/services/consulting/business-transformation/digital-supply-chain-2022-trends/esg-supply-chain.html
[6]. Environmental Supply Chain Report. https://mobilecontent.costco.com/live/resource/img/static-us-landing-pages/5aClimate-Action-Plan
[7]. Merchandise Category Chart Report (2022). https://investor.costco.com/company-profile/default.aspx
[8]. Securities research report. (2023) https://www.longone.com.cn/
[9]. COSTCO WHOLESALE CORP.(NASDAQ:COST) (2023) https://cn.stock-analysis-on.net/NASDAQ/%E5%85%AC%E5%8F%B8/Costco-Wholesale-Corp
[10]. Neeraj Kumar,Mohit Tyagi & Anish Sachdeva.(2023).A sustainable framework development and assessment for enhancing the environmental performance of cold supply chain. Management of Environmental Quality(4),1077-1110.
[11]. Jiang Shuyu. The impact of digital intelligent supply chain on the innovation and development of retail industry: Based on the empirical analysis of listed retail enterprises [J]. Business Economics Research,2022(19):21-24.
[12]. Zhong, Boyuan,Shen, Houcai,Zhang, Jianqiang & Gao, Xing.(2022).Agency or wholesale? retail selling format in the presence of new manufacturer introduction. Electronic Commerce Research(prepublish),1-35.
[13]. Li Yongjian & Luo Wenyi. (2023). ESG how to promote enterprise innovation and development, based on the analysis of the supply chain resilience. Supply chain management (07), 81-96. The doi: 10.19868 / j.carol carroll nki gylgl. 2023.07.008.(2021).Smart Foodservice Warehouse Stores to Rebrand as US Foods Chef'store. Food and Beverage Close - Up.
[14]. Liliana Rivera,Norma Ortiz,Gabriel Moreno & Iliana Páez Gabriunas.(2023).The Effect of Company Ownership on the Environmental Practices in the Supply Chain: An Empirical Approach. Sustainability(16).
Cite this article
Liu,Z. (2024). On Supply Chain Risk in Retail Industry—Taking Costco as an Example. Advances in Economics, Management and Political Sciences,92,209-217.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
About volume
Volume title: Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).