Global Supply Chains and Risk Management : A Necessary Approximation

ABSTRACT As organizations increasingly face the need to compete for market share by building highly integrated global supply chains, governance of these complex relationships becomes a major strategic challenge. Research reporting high failure rates for collaborative alliances with supply chain partners makes formation of global supply chains a high-risk venture. This study examines the influence of strategic enterprise risk management (ERM) processes on improving supply chain capability while mitigating risks. ERM has become a major strategic management focus, and researchers suggest this momentum arises from the need for governance mechanisms that counter the ineffectiveness of government intervention and cooperation in cross-border relationships. We survey 207 organizations on their perceptions of their own ERM processes and a specific supply chain partner's absorptive capacity, B2B e-commerce business risk, and the global business risk associated with that partner relationship. The results support theorized relationships positing that stronger ERM promotes higher levels of partner absorptive capacity, lower B2B risk, and lower associated global business risk. Results further show that associated global business risk is reduced through managing and controlling partner absorptive capacity and B2B risk. Additional analyses show that stronger ERM is associated with partners being from countries with cultural traits conducive to strong supply chain performance.

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RISK MANAGEMENT AND REDUCTION IN GLOBAL SUPPLY CHAINS AND PRODUCTION NETWORKS:

The Political Economy of Industrial Strategy in the UK ◽

10.2307/j.ctv1mvw8s5.15 ◽

2021 ◽

pp. 115-126

Author(s):

John R. Bryson ◽

Vida Vanchan ◽

Shihao T. Zhou

Keyword(s):

Risk Management ◽

Supply Chains ◽

Global Supply Chains ◽

Production Networks

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Intermodal Supply Chain Risk Management

Journal of Maritime & Transportation Science ◽

10.18048/2016.52.01 ◽

2016 ◽

Vol 52 (1) ◽

pp. 11-31

Author(s):

Marinko Maslarić ◽

Nikolina Brnjac ◽

Drago Bago

Keyword(s):

Risk Management ◽

Supply Chain ◽

Supply Chains ◽

System Structure ◽

Transport Systems ◽

Global Supply Chains ◽

Supply Chain Risk Management ◽

Intermodal Transport ◽

Supply Chain Risk ◽

Main Challenge

Efficient and secure global supply chains contribute to the Improvement of the competitiveness of the products traded on international markets by reducing their costs and delivery time while increasing the reliability and security. Global supply chains are unthinkable without transport integration, which is usually accomplished through the form of intermodal transport systems. Intermodal transport systems are much more complex than the unimodal ones due to the number of stakeholders, included transportation resources, infrastructure and processes, which in case of poor coordination in the planning, organization and implementation of transport chain logistic activities can lead to increased supply chain vulnerability. Therefore, the main challenge in the functioning of intermodal transport operations in supply chains is to increase their efficiency taking into account the problems of associated risks. The current initiatives on the topic of identification and management of risks in the intermodal supply chains do not provide a complete and clear picture of the potential problems which the intermodal supply chains are exposed to. Hence, the purpose of this paper, which is based on the literature review of the model of the intermodal transport system structure and models of risk management in supply chains in general, is to provide a framework for a holistic Consideration of risks in intermodal supply chains, which can lead to the improvement of their efficiency and competitiveness.

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