SUPPLY CHAIN RISK MANAGEMENT: OUTLINING AN AGENDA FOR FUTURE RESEARCH

SUPPLY CHAIN RISK MANAGEMENT: OUTLINING AN AGENDA FOR FUTURE RESEARCH

2003 | Uta Jüttner, Helen Peck*, Martin Christopher
The article discusses the concept and management of supply chain risk, emphasizing the need for further research in this area. It outlines four key aspects of supply chain risk management: assessing risk sources, defining the risk concept and its consequences, identifying risk drivers in supply chain strategy, and mitigating risks. The authors highlight the importance of understanding the various risk sources, such as environmental, network-related, and organizational factors, and how they impact supply chain outcomes. They also discuss the consequences of supply chain risks, including financial, reputational, and operational impacts. The article identifies key risk drivers, such as globalization, outsourcing, and the trend towards efficiency over effectiveness, which increase the complexity and vulnerability of supply chains. The authors propose several risk mitigation strategies, including avoidance, control, cooperation, and flexibility, and emphasize the need for further research to develop effective tools and frameworks for managing supply chain risks. The study concludes that supply chain risk management is a critical area of research that requires more empirical investigation to develop practical guidelines and strategies for managing risks in supply chains.The article discusses the concept and management of supply chain risk, emphasizing the need for further research in this area. It outlines four key aspects of supply chain risk management: assessing risk sources, defining the risk concept and its consequences, identifying risk drivers in supply chain strategy, and mitigating risks. The authors highlight the importance of understanding the various risk sources, such as environmental, network-related, and organizational factors, and how they impact supply chain outcomes. They also discuss the consequences of supply chain risks, including financial, reputational, and operational impacts. The article identifies key risk drivers, such as globalization, outsourcing, and the trend towards efficiency over effectiveness, which increase the complexity and vulnerability of supply chains. The authors propose several risk mitigation strategies, including avoidance, control, cooperation, and flexibility, and emphasize the need for further research to develop effective tools and frameworks for managing supply chain risks. The study concludes that supply chain risk management is a critical area of research that requires more empirical investigation to develop practical guidelines and strategies for managing risks in supply chains.
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