The strategies of supply chain risk management – a synthesis and classification

Abstract

ABSTRACTThis paper conducts an in-depth systematic literature review of 86 peer-reviewed academic journal articles on supply chain risk management (SCRM) strategies from 2000 to mid-2015. The findings indicate a variety of dispersed supply chain risk (SCR) mitigating strategies and suggest a more homogeneous use of terminology. Moreover, the analysis also reveals insufficient evidence for the effect of SCRM on performance. The current study groups and synthesises the various SCRM strategies into proactive and reactive approaches for the ante and the post disruption state and classifies them according to the different supply chain types. Altogether the findings provide essential practical and theoretical contributions to strategic responses to adverse incidents by creating a unique conceptual framework of SCRM strategies and providing direction towards promising areas of research.