Supply chain risk management: creating an agenda for future research

Abstract

Supply chains are becoming globalised and resulting complex interaction between supply chain actors and increasing interdependency between supply chain risks pose a real challenge in modelling and managing these risks. The purpose of this paper is to conduct a comprehensive review of literature in the field of 'supply chain risk management' and identify important research gaps for future research. We have adopted the method of 'systematic literature review' using text mining software and examined peer-reviewed articles published over a period of last 15 years (2000-2014). Keeping in view the interdependent nature of interaction between supply chain risks, there is an urgent need of developing taxonomy of risks representing causal chains of risk sources, risk events and consequences instead of relying on the existing conventional classifications that assign risks to independent categories. Existing techniques have either considered risks as independent factors or focused on solving specific problems resulting in unrealistic and sub-optimal solutions respectively. We propose a new risk management framework that can help researchers model interdependency between supply chain risks and enable practitioners visualise dynamic and holistic interaction between these risks across multiple facets of a supply network.

Standardized management systems and risk management in the supply chain

“…The primary risk factors in the supply chain include: customer relationship management and comprehensive customer service, demand management, effective implementation of logistics processes, correct functioning of logistics subsystems, product development, proper management of technology, optimal implementation of the strategy SSCM and the relationship of competition and external stakeholders (Sodhi and Lee, 2007). In addition, it should be emphasized that SCRM is not only an extremely important problem, but also the level of its complexity is steadily increasing (Qazi and Gaudenzi, 2016;Sodhi and Lee, 2007;Wieland and Wallenburg, 2012). The global scope of operations makes supply chains more complex, which leads to increased number of organizations that properly implement processes taking place in them (Tse and Tan, 2012).…”

Compromise or complement? Exploring the interactions between sustainable and resilient supply chain management

“…[Ponomarov and Holcomb, (2009), p.131]. A central aspect of RSCM is its connection to supply chain risk management (SCRM) (Qazi and Gaudenzi, 2016). Some authors regard SC resilience as a core element of SCRM (Ponomarov and Holcomb, 2009;Dinh et al, 2012;Barroso et al, 2015).…”

Supply chain sustainability risk assessment model using integration of the preference selection index (PSI) and the Shannon entropy

“…, 2018). Although the importance of sustainability risk assessment within supply chain context is getting more important, research attention devoted to improving methodology in SMEs supply chain risk assessment approach are still scarce (Qazi and Gaudenzi, 2016), Vishnu et al. (2019) and Lima et al.…”