Title: Supply chain risk management: creating an agenda for future research

Authors: Abroon Qazi; Barbara Gaudenzi

Addresses: Management Science Department, Strathclyde Business School, 40 George Street, Glasgow G1 1QE, UK ' Business Administration Department, University of Verona, Via dell'Artigliere 19 37129, Verona, Italy

Abstract: Supply chains are becoming globalised and resulting complex interaction between supply chain actors and increasing interdependency between supply chain risks pose a real challenge in modelling and managing these risks. The purpose of this paper is to conduct a comprehensive review of literature in the field of 'supply chain risk management' and identify important research gaps for future research. We have adopted the method of 'systematic literature review' using text mining software and examined peer-reviewed articles published over a period of last 15 years (2000-2014). Keeping in view the interdependent nature of interaction between supply chain risks, there is an urgent need of developing taxonomy of risks representing causal chains of risk sources, risk events and consequences instead of relying on the existing conventional classifications that assign risks to independent categories. Existing techniques have either considered risks as independent factors or focused on solving specific problems resulting in unrealistic and sub-optimal solutions respectively. We propose a new risk management framework that can help researchers model interdependency between supply chain risks and enable practitioners visualise dynamic and holistic interaction between these risks across multiple facets of a supply network.

Keywords: risk interdependency; supply chain risks; supply chain actors; supply chain risk management; SCRM; research gaps; literature review; text mining; risk taxonomy; causal chains; dynamic interaction; holistic interaction; supply networks; supply chain management.; SCM

DOI: 10.1504/IJSCOR.2016.075896

International Journal of Supply Chain and Operations Resilience, 2016 Vol.2 No.1, pp.12 - 50

Received: 09 Apr 2015
Accepted: 26 Jun 2015
Published online: 12 Apr 2016 *

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