Abstract
In the competitive globalized market, risk management is an important aspect of the supply chain, but it becomes crucial to the management of a faith-based supply chain. The halal supply chain is an emerging research era at an early stage. To retain the halalness from procurement to end customer, this research was aimed to identify and prioritize the important risk elements for managing the HSC. For this purpose, a literature review was studied, 42 risk factors, classified into seven dimensions, were categorized with the expert’s opinion. A fuzzy best–worst method was proposed to analyze and prioritize the risk elements. The results indicated production-related risks are highly significant and sustainability-related risks are the least important among risk elements in the Halal supply chain. This research makes a major contribution by compiling a detailed list of risks associated with Halal supply chain management. It may also assist the manager in mitigations of risks for the Halal supply chain on a priority basis.
Highlights
In recent years, risk management has obtained the attention of researchers in various sectors as manufacturing units, healthcare, finance, and supply chain management [1]
Risk management is an important aspect of supply chain management
The purpose of this study is to identify and prioritize the risk factors of Halal supply chain management (HSCM)
Summary
Risk management has obtained the attention of researchers in various sectors as manufacturing units, healthcare, finance, and supply chain management [1]. Globalization and outsourcing practices directly influence the supply chain processes and operations such as operational cost and responsiveness [2, 3]. To avoid unfavorable influence on supply chain operations, risk management is considered an essential component of supply chain management [4]. The conventional supply chain and the Halal supply chain (HSC) tolerate certain risks that are necessary to be managed. Halal products are considered for beverages, foods, pharmaceuticals, and cosmetics. This variety of products strongly relate to human health and Muslim belief [5]. This is why; various risks that affect the Halal supply chain might harm human health and poor brand image.
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