Building Resilient, Responsible and Responsive Diamond Supply Chains at Shree Ramkrishna Exports Pvt. Ltd.

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Abstract

Natural diamonds have long been associated with luxury and exclusivity. The global diamond supply chain is susceptible to socio-economic, technological, and geopolitical disruptions. Furthermore, the uneven distribution of diamond deposits across various countries increases the supply chain’s vulnerability. How should traditional natural diamond firms sustain their business amidst these disruptions? Should they focus on producing lab-grown diamond manufacturing expertise or develop new retail channels to reach the end consumers? Which tools can effectively analyse the effects of long-term disruption on the performance of the supply chain? This case illustrates the dilemmas faced by business leaders and the strategies adopted by a family run business to navigate these challenges and develop a resilient, responsible, and responsive diamond supply chain.

Additional Information

Product Type Case
Reference No. STR0484
Title Building Resilient, Responsible and Responsive Diamond Supply Chains at Shree Ramkrishna Exports Pvt. Ltd.
Pages 32
Published on Mar 31, 2025
Year of Event 2024
Authors Roy, Debjit; Shrivastava, Pooja ;
Area Strategy (STR)
Discipline Strategic Management
Sector Manufacturing
Learning Objective Understand the importance of building a resilient supply chain which can withstand global challenges and disruptions. Develop strategies to ensure business continuity during disruptions, respond to the unanticipated events and expedite recovery. Leverage technology to optimize operational efficiency and boost productivity.
Keywords Supply Chain Management; Managing Disruptions; Supply Chain Dynamics; System dynamics model; Diamond Supply Chain; Family Owned Businesses
Country India
State Gujarat
City Surat
Organization Shree Ramkrishna Exports Pvt. Ltd.
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