Firm stability during market turmoil: Using multiple flexible suppliers to improve competitive advantage during turbulence

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Modern firms working in the digital age are finding significant benefits to working with a diverse range of flexible suppliers, being better able to withstand market turbulence and retain competitive advantage.

Originality/value

The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2023), "Firm stability during market turmoil: Using multiple flexible suppliers to improve competitive advantage during turbulence", Strategic Direction, Vol. 39 No. 9, pp. 11-12. https://doi.org/10.1108/SD-08-2023-0102