Global Supply Chain Risk Management Research Articles

Assessment of global supply chain risk and mitigation strategies

This studies paper presents a comprehensive examination of global supply chain risk management, critical for navigating cutting-edge interconnected enterprise panorama. It explores diverse participants to deliver chain vulnerabilities, together with natural disasters, political instability, and economic fluctuations, highlighting the necessity for proactive chance mitigation techniques. Leveraging insights from scholarly literature and case research, the research underscores the importance of thorough understanding and evaluation of worldwide deliver chain dangers. It advocates for the adoption of progressive methodologies such as fuzzy common sense and Bayesian Belief Networks to beautify threat evaluation practices and prioritize mitigation efforts successfully. Moreover, the paper emphasizes the pivotal role of top management aid, strategic collaboration, and technological advancements in mitigating supply chain disruptions. Through the synthesis of various perspectives and strategies, the research advocates for a holistic technique to mitigate worldwide deliver chain dangers, making sure organizational resilience and sustainability. It underscores the necessity for continuous tracking, edition, and investment in chance management frameworks to navigate uncertainties and keep a competitive gain in an ever-evolving commercial enterprise surroundings. By offering practical insights and actionable tips, this paper equips groups with the expertise and gear essential to support their supply chains against disruptions, thereby improving operational performance and fostering long-time period achievement within the worldwide market. Keywords Supply chain risk management, Global supply chain,Risk mitigation strategies,Disruptions,Resilience

Financing and Supply Chain Operations Resilience and Juxtaposing: The Role of Finance in Improving the Supply Chain in the COVID-19 Pandemic Environment

Amidst the renewed quest for supply chain resiliency, finance outgrows its traditional role in B2B; instead, finance position itself to become a more integrated partner in supply chain management activities. Areas such as global trade management and supply chain risk management are fluid areas for finance to flourish, coupled with increasing demands for finance to take a more active role in supply chain management. The global supply chain has experienced several disruptions, such as the COVID-19 pandemic, extreme climate change-induced events, natural disasters, conflict, financial crises, recessions, shortages of raw materials for manufacturing, and macroeconomic imbalances; however, futuristic disruptions are already projected by several stakeholders in the logistics and transport sector. Hence, companies must concentrate on building their resilience to all manner of supply chain disruptions. The initial motive of firm management to increase leverage and engage in financial goods is diminished when the economic dilemma of supply chain value is resolved; by so doing, the internal financial situations could facilitate the advancement of enterprise value. Keywords: supply chain, financial service innovations, distribution dimension, COVID-19 DOI: 10.7176/EJBM/15-7-01 Publication date: April 30 th 2023

COVID-19 impact on commodity futures volatilities

COVID-19 pandemic has affected almost all aspects of the global economy, especially commodity futures markets, due to the disruption risk of global supply chains from the pandemic lockdown. This paper extends ARMA-GARCH models to investigate the pandemic impact on both long-run and short-term volatilities of four major commodity futures. Model-fitting results reveal that the pandemic event has enhanced long-run volatilities for all futures returns, while the daily COVID-19 infection speed has mixed effects on short-term (instantaneous) volatilities. Our extended models and research findings are useful in global supply chain risk management, commodity options trading and regulators’ supervision of inflation risk.

Modifications to global supply chain management strategies resulting from recent trade disruptions: an exploratory study

PurposeThe purpose of this study is to explore modifications to the supply chain strategies of international manufacturers resulting from recent momentous trade disruptions, including the US-China trade war, global tariff escalations, Brexit and heightened geopolitical tensions.Design/methodology/approachThe research methodology consisted of a series of in-depth personal interviews with senior supply chain executives of six large US international manufacturers.FindingsThe study identified several short-term reactive strategies taken, including pulling purchase orders or production forward, building inventory and applying for exceptions from tariffs, along with longer-term proactive strategies such as shifting and expanding supplier and manufacturing locations.Research limitations/implicationsThe study’s limitations involve its small sample size and its findings being industry and company-specific to a limited number of firms. While the sample size was deemed sufficient for this exploratory study, larger sample sizes and subsequent industry-specific analyses are recommended.Practical implicationsThe global supply chain modifications effectively used by the firms in the study can offer guidance for practitioners facing similar challenges following major trade disruptions.Originality/valueDue to the very recent emergence of the trade disruptors examined in this study, extant literature is limited. Hence, the findings noted in the paper offer not only guidance for practitioners but also make a strong contribution to research and literature on global supply chain risk management and disruption risk mitigation.

Managing global supply chain risks: effects of the industry sector

ABSTRACT Despite the abundance of articles addressing global supply chain risks and their mitigation strategies, there are surprisingly few insights into how different industries manage global supply chain risks while internationalising abroad. There are conflicting results from previous researches that specific global supply chain risk management practices work in one industry but not in others. We believe that in each industry sector, the global supply chain risks and their mitigation strategies differ. We used profile deviation and ideal profile methodology to identify top performers in three industry sectors (Audit, Finance and Consulting, Automotive, and IT and Software) and evaluated their best practices towards managing global supply chain risks. This study used an online survey to gather information on how Indian executives across these industries manage global supply chain risks during their internationalisation process and found the ‘ideal’ risk mitigation profiles for all three industries. These findings provide new insights to practitioners as they will serve as a useful reference tool for Indian executives planning to internationalise.

A global supply chain risk management framework: An application of text-mining to identify region-specific supply chain risks

Nowadays global supply chains enable companies to enhance competitive advantages, increase manufacturing flexibility and reduce costs through a broader selection of suppliers. Despite these benefits, however, insufficient understanding of uncertain regional differences and changes often increases risks in supply chain operations and even leads to a complete disruption of a supply chain. This paper addresses this issue by proposing a text-mining based global supply chain risk management framework involving two phases. First, the extant literature about global supply chain risks was collected and analyzed using a text-based approaches, including term frequency, correlation, and bi-gram analysis. The results of these analyses revealed whether the term-related content is important in the studied literature, and correlated topic model clustering further assisted in defining potential supply chain risk factors. A risk categorization (hierarchy) containing a total of seven global supply chain risk types and underlying risk factors was developed based on the results. In the second phase, utilizing these risk factors, sentiment analysis was conducted on online news articles, selected according to the specific type of risk, to recognize the pattern of risk variation. The risk hierarchy and sentiment analysis results can improve the understanding of regional global supply chain risks and provide guidance in supplier selection.

Phases and tools for supply chain risk management: a systematic literature review

Abstract Supply chain risk management (SCRM) has been widely discussed in the academic literature and several models have been proposed in recent years, but there is a need for a model encompassing phases and tools for SCRM. This study presents a systematic literature review (SLR) of 254 abstracts and 68 full-text papers. The SLR made it possible to identify and define the main phases for the SCRM, as well as the tools proposed for each phase. There is a concentration of efforts in the phases of identification, assessment, and selection of risk management strategies and a limited number of studies in monitoring and controlling risks. The article offers a global SCRM framework, contributing to the theoretical discussions and a practical guide to implementation related to SCRM.

A Study on Strengthening Export Competitiveness of Korea by Analyzing Global Supply Chain Risk Management Efficiency - Focusing on Eurasian Countries -

A Study on Strengthening Export Competitiveness of Korea by Analyzing Global Supply Chain Risk Management Efficiency - Focusing on Eurasian Countries -

재무헤징과 운영헤징을 통한 한국 기업의 글로벌 공급사슬 위험관리

재무헤징과 운영헤징을 통한 한국 기업의 글로벌 공급사슬 위험관리

Global Marketing: Importance of Human Resource and Supply Chain Risk Management to Build a Successful Company from Global Marketing Perspective

Global markets are expanding rapidly. The term global marketing has been in use only since the 1980s. Before that decade, international marketing was the term used most often to describe marketing activities outside one's domestic market. Global marketing is not just a new label for an old phenomenon; however, it also provides a new vision for international marketing. This paper mainly examines the organization's internal management to coordinate their work and achieve certain goals or targets. This paper not only illustrates the challenges of developing and upholding strong trust in global human resource management from global marketing perspectives, but also the challenges that highlight how global marketers manage their global supply chain risk management. While global marketers comprises of members across different locations, cultures, and time, the highlighted challenges are overcome via two communication behaviours, such as cross- cultural communication and computer-mediated, which study describes the communication behaviours that might boost trust in global human resource management which may lead company to success. In today's increasingly complex environment, risk adjusted supply chain management also focused in this research which can drive into improved financial performance and competitive advantage.

Establishing a decision-making model of global supply chain risk management from the perspective of risk and vulnerability

This research attempts to analyse the reasons behind supply disruptions of Taiwan’s firms and tries to find measures to mitigate them. First, we propose a decision-making model of ‘the hierarchical structure of global supply chain risk management (GRM)’, which takes into account two main criteria, supply chain risk (SCR) and supply chain vulnerability (SCV). In turn, we explore the inter-relationship among accessing risk sources and weakening driving factors, as well as the risk managerial elements in SCR and SCV. Then, we build this dynamic relation into SCR managerial logic and design a corresponding decision-making path. Based on the analytic network process, a methodology is designed for the optimal selection of risk management methods and tools. The result findings indicate elements of loss, threats to customer life and safety, catastrophic risk, and supplier concentration are the most influential causes in SCV. On the other hand, supply modularisation is the best solution. This research provides significant insight on GRM, which not only has a strategic but also operational perspective and help to tackle the fundamental and crucial relationship in dynamic risk system.

Risk Assessment and Operational Approaches to Manage Risk in Global Supply Chains

Abstract Global supply chains encounter low-occurrence/high-disruption risks that are not addressed adequately by adding inventory. Although many operational risk-management tools exist, these tools and methods have not been synthesized into a comprehensive management system. This article evaluates risk-assessment methodologies and operational approaches to manage risk in global supply chains, and proposes a closed-loop risk-management system with inputs, outputs, and feedback. A focal OEM company's global supply chain is used to analyze the feasibility of proposed risk assessment and an operational business model. A tool for determining supply chain root causes (supply chain failure modes and effects analysis—FMEA), and a tool for supply chain risk assessment (global supply chain risk-management scorecard) are presented. Results of completed supply chain FMEAs and global supply chain risk-management scorecards are reported. Supply chains need scalable risk-management tools to ensure supply continuity during major disruptions while balancing efficiency considerations during normal operations. The proposed management system includes scalable strategic and tactical tools to identify risks, determine root causes, assess change-management capabilities, monitor performance, and evaluate execution of the system.

The Selection of Global Supply Chain Risk Management Strategies by Using Fuzzy Analytical Hierarchy Process – A Case from Turkey

Many developments associated with globalization have forced companies to manage their supply chains effectively and to mitigate various kinds of chain risks in them. In this study, Fuzzy Analytical Hierarchy Process is used to determine the most important supply chain risks and the corresponding risk management strategies. The research is conducted with the supply chain management of a company operating in the iron and steel industry. Findings indicate that supply risks and operational risks are quite important compared to environmental risks. Also, control/sharing/transfer strategy is followed by hedging, speculation, and postponement strategies in terms of the scope and intensity of their effects on different risk types.

Special Issue of Production and Operations Management: “Global Supply Chain Risk Management”

Production and Operations ManagementVolume 20, Issue 5 p. 786-786 Call for Papers Special Issue of Production and Operations Management: “Global Supply Chain Risk Management” Haresh Gurnani, Haresh GurnaniSearch for more papers by this authorSaibal Ray, Saibal RaySearch for more papers by this authorYunzeng Wang, Yunzeng WangSearch for more papers by this author Haresh Gurnani, Haresh GurnaniSearch for more papers by this authorSaibal Ray, Saibal RaySearch for more papers by this authorYunzeng Wang, Yunzeng WangSearch for more papers by this author First published: 13 September 2011 https://doi.org/10.1111/j.1937-5956.2011.01283.xCitations: 3Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat No abstract is available for this article.Citing Literature Volume20, Issue5September/October 2011Pages 786-786 RelatedInformation

Special Issue of Production and Operations Management: “Global Supply Chain Risk Management”

Special Issue of <i>Production and Operations Management</i>: “Global Supply Chain Risk Management”

Special Issue of Production and Operations Management: “Global Supply Chain Risk Management”

Special Issue of <i>Production and Operations Management</i>: “Global Supply Chain Risk Management”

Special Issue of Production and Operations Management: “Global Supply Chain Risk Management”

Special Issue of <i>Production and Operations Management</i>: “Global Supply Chain Risk Management”

Special Issue of Production and Operations Management: “Global Supply Chain Risk Management”

Special Issue of <i>Production and Operations Management</i>: “Global Supply Chain Risk Management”

Global supply chain risk management: a socio-technical perspective

With the globalisation of markets and operations, companies are faced with increased risks in their supply chains. While the literature offers a large set of practices, guidelines and concepts for mitigating supply chain risks, implementing such strategies as adding buffers and building flexibility is a costly endeavour. Also, effective supply chain risk management is not only about adopting a wide range of best practices, but also finding the right mix of practices which fits the available resources. This paper attempts to examine the appropriateness of global supply chain risk mitigation strategies from a socio-technical perspective. After a literature review, it first draws insights from normal accident theory (NAT) developed in a socio-technical system and then relates it to global supply chain disruptions. The complexity implications of a global supply chain are further discussed. This is followed by the managerial and research implications derived from this research. The paper concludes with some recommendations for future research.

Global supply chain risk management strategies

PurposeGlobal supply chains are more risky than domestic supply chains due to numerous links interconnecting a wide network of firms. These links are prone to disruptions, bankruptcies, breakdowns, macroeconomic and political changes, and disasters leading to higher risks and making risk management difficult. The purpose of this paper is to explore the phenomenon of risk management and risk management strategies in global supply chains.Design/methodology/approachThis paper is based on an extensive literature review and a qualitative study comprising 14 in‐depth interviews and a focus group meeting with senior supply chain executives.FindingsThe study provides insights into the applicability of six risk management strategies with respect to environmental conditions and the role of three moderators.Research limitations/implicationsThe model is developed in a global manufacturing supply chain context. It should be tested in other contexts and with other methods to provide generalizability. The study takes a much needed step toward building a theory of risk management in global supply chains, which opens important future research directions.Practical implicationsThis research provides direction to managers for choosing risk management strategies based on the global supply chain environment. Moderators have practical implications for global supply chain managers.Originality/valueThe paper addresses an identified gap in the literature for selecting risk management strategies in global supply chains. It employs grounded theory, a methodology appropriate for theory‐building, to explore a phenomenon with an inadequate theoretical base.