Analyzing the impact of COVID 19 on supply management, this paper identifies &#x201C;synchronicity management&#x201D;as a novel supply risk management strategy Synchronicity management synchronizes the supply chain with customer demand In this way, overreactions to crises can be prevented First, we introduce the supply risk management model from Hoffmann et al (2013) We use this model to analyze our results from 26 interviews on supply management implications of the Corona crisis with companies in a Central European region Based on this, we derive suggestions for holistically improving future supply risk management processes and derive four propositions on how to manage a crisis from a procurement perspective In addition, we explore implications for supply risk management from a strategic and operative point of view In this context, we present a tool on how to synchronize the supply chain with customer demand changes Finally, future trends in supply chain risk and resilience management are analyzed IEEE
Synchronicity management: Mitigating supply chain risks by systematically taking demand changes as starting point - a lesson from the Covid 19 crisis