An examination of the role of supply chain disruptions in retail stock shortages: A case study of retail businesses in Taraba State
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- NGN 5000
Background of the Study
Supply chain disruptions have become a major concern for retail businesses worldwide, particularly in the context of global events such as the COVID-19 pandemic, political instability, and natural disasters. These disruptions can lead to stock shortages, which negatively impact sales, customer satisfaction, and overall business performance. In Taraba State, retail businesses often face challenges related to infrastructure, logistics, and access to suppliers, which can exacerbate the effects of supply chain disruptions.
Stock shortages in retail businesses are typically caused by delays in product delivery, inventory mismanagement, and unforeseen demand spikes. Understanding the role of supply chain disruptions in causing these shortages is crucial for retailers to develop strategies that mitigate their impact. Additionally, this knowledge can help retailers optimize their inventory management practices, improve supplier relationships, and enhance overall supply chain resilience.
This study aims to examine the role of supply chain disruptions in causing retail stock shortages in Taraba State, focusing on the causes, consequences, and strategies for mitigating the effects of these disruptions.
Statement of the Problem
Retail businesses in Taraba State often experience stock shortages due to supply chain disruptions, leading to lost sales and reduced customer satisfaction. While global factors such as transportation delays and trade barriers play a role, local challenges such as poor infrastructure and unreliable supply networks further exacerbate the issue. Despite the importance of understanding supply chain dynamics, there is limited research on how these disruptions specifically impact retail businesses in Taraba State. This study seeks to investigate the role of supply chain disruptions in retail stock shortages and identify strategies to address this issue.
Objectives of the Study
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To identify the main causes of supply chain disruptions that lead to stock shortages in retail businesses in Taraba State.
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To assess the impact of stock shortages on retail sales and customer satisfaction in Taraba State.
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To explore strategies that retail businesses can adopt to mitigate the effects of supply chain disruptions on stock availability.
Research Questions
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What are the primary causes of supply chain disruptions that lead to stock shortages in retail businesses in Taraba State?
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How do supply chain disruptions and stock shortages affect sales and customer satisfaction in retail businesses?
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What strategies can retail businesses in Taraba State implement to reduce the impact of supply chain disruptions on stock availability?
Research Hypotheses
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Supply chain disruptions, including transportation delays and unreliable suppliers, significantly contribute to stock shortages in retail businesses in Taraba State.
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Stock shortages due to supply chain disruptions negatively impact retail sales and customer satisfaction in Taraba State.
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Retail businesses in Taraba State can reduce the impact of supply chain disruptions by improving inventory management, diversifying suppliers, and enhancing logistics infrastructure.
Scope and Limitations of the Study
The study will focus on retail businesses in Taraba State that experience stock shortages due to supply chain disruptions. It will explore the causes and effects of these disruptions and examine strategies for mitigating their impact. Limitations include difficulties in accessing data from all retail businesses and variability in the severity of disruptions across different sectors.
Definitions of Terms
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Supply Chain Disruption: Any event or condition that interrupts the flow of goods from suppliers to retailers, leading to delays, stock shortages, or increased costs.
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Stock Shortages: Situations where retail businesses are unable to meet consumer demand due to a lack of inventory.
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Retail Business: A business that sells products directly to consumers, typically operating in a physical or online store.
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