How does supply chain finance impact supply chain resilience − based on three levels of supply and demand decision making

Enhancing supply chain resilience has emerged as a key focus for industries worldwide. Based on the theory of resource orchestration, this paper uses annual reports of Chinese companies to analyze how supply chain finance improves supply chain resilience in three dimensions, including matching supply and demand, fostering supply–demand relationships, and ensuring supply quality. The results indicate that supply chain finance contributes positively to improving resilience across these dimensions. Furthermore, the moderating analysis examines the positive moderating effects of artificial intelligence, merchant guild culture and the level of vertical integration on supply chain finance and supply chain resilience. Finally, this paper also explores the threshold effect of company risk-taking and the heterogeneity of industry characteristics. The results show that company risk-taking level has a certain threshold impact, and the supply chain finance in the manufacturing industry has a more significant effect on enhancing supply chain resilience, which emphasizes that companies should attach importance to aspects such as technology, risk management and cultural maintenance, when they carry out supply chain finance business. This research provides a new perspective for optimizing supply chain resilience.