Decision Making in Value Chains in a Turbulent Era

Edited by Kim E. van Oorschot, Professor, Department of Accounting and Operations Management, BI Norwegian Business School, Norway, Albachiara Boffelli, Associate Professor, Department of Management, Information and Production Engineering, University of Bergamo, Stefano Elia, Associate Professor, Department of Management, Economics and Industrial Engineering, Politecnico di Milano, Italy and Oliver von Dzengelevski, Lecturer, Department of Management, Technology, and Economics, ETH Zurich, Switzerland

‘In this book the editors offer a timely, research-grounded guide to navigating disruption. Across geopolitics, sustainability, digitalization and decoupling, the chapters illuminate how leaders can sense weak signals, balance resilience with circularity, and redesign global networks for a more volatile—yet still deeply interconnected—world. It reflects on some of the contemporary issues facing companies today in a highly competent way.’

• ContentsList of contributors viiForeword xviby Filip de BeuleForeword xviiby John Hurley and Chiara Litardi1 Introduction 1Kim E. van Oorschot, Albachiara Boffelli, Stefano Elia, andOliver von DzengelevskiPART I  GEOPOLITICAL TENSIONS AND NECESSARYMANAGERIAL COMPETENCES2 Challenges for MNCs to manage GVCs in an increasinglyturbulent context 21Vítor Corado Simões3 Reconfiguring supply chains under disruptions caused byarmed conflicts 42Hamid Moradlou, Carmela Di Mauro, and Tetiana Sobolieva4 Building resilience in a circular economy context: Circularsourcing competences as an evolving research field 61Emma Laurent, Lydia Bals, and Joe MiemczykPART II  EMBEDDING SUSTAINABILITY IN GLOBALVALUE CHAINS: AN INTEGRATED PERSPECTIVE5 Building resilient companies through industrial symbiosis 86Kristina Kjersem, Siv Marina Flø Grimstad, Bella BelerivanaNujen, and Hans Solli-Sæther6 Balancing resilience and environmental sustainability:Strategic sourcing in a global setting 113Giacomo Grassi and Cristina Di Stefano7 Managing decarbonization in global value chains: Decisionmaking and operational resilience in Finnish manufacturingMNEs 136Heidy Montero-Teran, Rudolf R. Sinkovics, and Olli KuivalainenPART III  OFFSHORING AND DIGITALIZATION8 Companies moving: Offshoring trends in the last decade inEurope 160Chiara Litardi and John Hurley9 From hype to meaning: Sensemaking in blockchain adoption 178Jurgita Butkevičienė and Žilvinas Židonis10 Improving agility and decision quality in value chainsthrough digital twin integration 201Vjeran StrahonjaPART IV  VALUE CHAIN RESTRUCTURING IN AN ERA OFGLOBAL DECOUPLING11 An exploration of policy actions in the EU and the US toaddress critical materials supply challenges 227Paolo Barbieri, Pietro De Ponti, Luciano Fratocchi, MatteoKalchschmidt, Antonella Maria Moretto, and Cristina Pensa12 Critical raw materials and foreign direct investments in thesemiconductor value chain 247Matteo Cilenti, Pietro De Ponti, Stefano Elia, and FedericoFrancavilla13 An economic realism perspective to link deglobalization anddecoupling with European regionalization and Italian supplybackshoring 271Paolo Barbieri, Albachiara Boffelli, Cristina Di Stefano,Stefano Elia, Luciano Fratocchi, Matteo Kalchschmidt,Diletta Pegoraro, and Cristina Pensa