SUPPLY CHAIN RESILIENCE AND SUSTAINABLE PERFORMANCE OF SELECTED LISTED FIRMS IN THE FOOD AND BEVERAGE INDUSTRY IN LAGOS STATE

Abstract

This study investigated the effect of supply chain resilience on sustainable performance of selected listed firms in the food and beverages industry in Lagos State. A cross-sectional survey research design was employed by the study. Three companies- Nestle Foods Nigeria Plc, Guinness Nigeria Plc, and Dangote Flour Mills Plc were purposively selected for the study. Of the 4,829 employees of the companies, a sample size of 369 was purposively chosen and used by the study. Primary data were collected from the respondents using questionnaire. Data collected were analysed using descriptive statistics to determine the frequency, percentage and mean distribution of the data collected. On the other hand, inferential statistical tool (multiple regression analysis) was employed to test the study's hypotheses with the aid of SPSS version 26. Results of study show that Supply Chain (SC) flexibility, SC agility, and SC collaboration have individual and collective effect on sustainable performance of firm. Sequel to the findings, the study recommends that managers of food and beverage firms implement supply chain flexibility strategy to mitigate risks, proactively redesign their supply chain networks strategy to swiftly respond to emerging market opportunities, foster trust and strong relationships with key suppliers and adopt strategies that minimise supply chain disruptions. These lead to better responds to customer demands and ultimately enhance sustainable performance.