Grey system theory in supply chain: emerging hotspots and trends

Purpose Supply chains, as prototypical uncertain systems, are crucial for national security and socioeconomic development. Grey system theory (GST) is an effective tool for addressing uncertainties and has played a pivotal role in related research within the supply chain domain. This study aims to systematically summarize the research achievements and knowledge structures pertaining to GST in supply chain studies. Current and potential research hotspots are also analyzed. Design/methodology/approach CiteSpace is used to conduct a bibliometric analysis of 1,617 articles sourced from the Web of Science (WOS). The analysis aims to summarize the current state of research and the knowledge structure in the field. A strategic diagram incorporating two data indicators, namely, novelty and concern, is constructed based on keyword clustering to identify and analyze current and potential research hotspots. Findings Studies utilizing GST to guide supply chain practices have attracted the interest of scholars from 205 research institutions across 85 countries and regions globally, which earned recognition from 183 high-level academic journals. In this field, the School of Economics and Management at Nanjing University of Aeronautics and Astronautics stands out as a core research institution, with Professor Deng Julong, who is the founder of GST, being the most frequently cited scholar. Current research hotspots are complex equipment supply chains, drivers and challenges in supply chain management, supply chain risk management, closed-loop supply chain and supply chain operation in the big data era. In addition, emerging research hotspots include digital and intelligent logistics technology, sustainable supplier management, determinants and flexibility of supply chain contracts, supply chain strategy, purchase management, grey prediction of demand and consumption, grey forecasting and economy efficiency, China-specific issues and grey model construction. Originality/value The bibliometric analysis reveals the current state and knowledge structure of research in this field. Previous studies on research hotspots have primarily relied on subjective judgments, which lacked empirical data support. This study constructs a strategic diagram incorporating two data indicators, namely, novelty and concern, to provide a more objective and reliable analysis of research hotspots.