Global and local operations of Finnish metal industry companies during COVID-19 and trade disruptions : a case study
Rönkkö, Pasi; Lehtinen, Jere; Majava, Jukka; Tervonen, Pekka (2021-12-31)
Rönkkö, P., Lehtinen, J., Majava, J., & Tervonen, P. (2021). Global and Local Rönkkö, P., Lehtinen, J., Majava, J., & Tervonen, P. (2021). Global and Local Operations of Finnish Metal Industry Companies during COVID-19 and Trade Disruptions: A Case Study. International Journal of Management, Knowledge and Learning, 293–304. https://doi.org/10.53615/2232-5697.10.293-304
© 2021 Pasi Rönkkö, Jere Lehtinen, Jukka Majava, Pekka Tervonen. This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
https://creativecommons.org/licenses/by-sa/4.0/
https://urn.fi/URN:NBN:fi-fe202201122024
Tiivistelmä
Abstract
Purpose: Globally operating companies have been disrupted by many simultaneous crises in recent years, specifically the COVID-19 pandemic, Brexit, and trade wars. This study identifies the key factors in companies’ decisions to expand their global supply chains or to operate more locally in today’s world.
Study design/methodology/approach: This article contains a literature review and empirical study. Representatives from three Finnish B2B manufacturing companies in the metal industry were interviewed about their international and local operations.
Findings: The key reasons for global operations included a large supplier base, component availability, lower costs, and specialised products. Typical problems included quality issues, long lead times, and communication challenges. Specific risks and mitigations around COVID-19, Brexit, and trade wars are also presented.
Originality/value: The study provides updated information on global and local operations. Unique reasons for global operations included manufacturing Engineer-to-Order (ETO) products close to the customer and changes in products.
Kokoelmat
- Avoin saatavuus [32026]