Effect of meteorological disasters on energy supply chains efficiency: Evidence from China

This paper constructs a theoretical model and examines the effects of meteorological disasters on the efficiency of energy supply chains. The findings reveal that: (1) Meteorological disasters increase the inventory of WIP in the energy sector, thereby reducing the efficiency of energy supply chains, with a noted spillover effect of these disasters on supply chain efficiency. (2) Meteorological disasters significantly extend the lead time for procurement and increase the uncertainty of lead times, which in turn raises the inventory of WIP and reduces the efficiency of energy supply chains. (3) In heterogeneity tests, flooding, severe convective storms, and typhoons significantly decrease the efficiency of energy supply chains in the affected provinces. The impact of meteorological disasters on energy supply is more significant in the energy extraction, energy processing, and conversion industries. Based on these findings, the paper puts forward some policy recommendations accordingly.