DIGITAL TRANSFORMATION AND SUPPLY CHAIN RISK MANAGEMENT FOR MALAYSIA'S GLOBAL DISRUPTIONS OPPORTUNITIES

Putri Nur Azalea Ghazali, Mohd Rizaimy Shaharudin, Jamaludin Akbar, Amir Imran Zainoddin, Preecha Wararatchai

Abstract


Global disruptions, including pandemics, geopolitical conflicts, and natural catastrophes, have highlighted global supply chain vulnerabilities. In Malaysia, whose industries depend strongly on international trade and global networks, these interruptions present considerable threats to operational continuity and economic stability. This conceptual paper examines the significance of essential enablers such as visibility, agility, stakeholder collaboration, risk anticipation, and technology integration in improving supply chain resilience. This study conducts a narrative literature review to synthesise current information and offer a conceptual framework that explores the interrelationships among those variables. 

The study indicates that visibility in supply chains, facilitated by digital tools like blockchain and IoT, provides real-time monitoring and transparency, thereby minimising uncertainties during disruptions. Operational agility enables businesses to respond rapidly to evolving conditions, and collaboration among stakeholders improves collective risk management strategies. Effective risk anticipation, using predictive analytics and big data, enables organisations to proactively mitigate threats. Lastly, technology integration serves as a crucial enabler, offering the necessary infrastructure to support these capabilities. 

The implementation of digital transformation is aligned with the Malaysian government's programs, such as Industry4WRD, to enhance digital adoption strategies and mitigate supply chain risk management. This study also enhances the existing literature on digital transformation and supply chain risk management, providing practical insights for policymakers, industry leaders, and researchers. Through digital transformation, Malaysia can reduce risks, improve resilience, and seize opportunities to establish itself as a sustainable and strategic hub in the global supply chain network.

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