Title: Overview of supply chain risk management and the current issues of closed-loop supply chain in China
Authors: Qiang Qiang; Zuqing Huang; Ke Ke; Yu-Xiang Yang
Addresses: Great Valley School of Graduate Professional Studies, Pennsylvania State University, Malvern, PA 19355, USA ' School of Economics and Management, China Jiliang University, Hangzhou, 310018, China ' College of Business, Central Washington University, Ellensburg, WA, 98926, USA ' School of Economics and Management, China Jiliang University, Hangzhou, 310018, China
Abstract: The research on supply chain management has focused on such issues as supplier selection and negotiation, logistics and network design, inventory planning, etc. However, recent food safety incidences in China not only hurt consumers' confidence, but also caused significant economic loss to the players throughout the food supply chain. Therefore, how to effectively measure and mitigate supply chain risk has become an important research topic, which garners the interests of researchers and practitioners. The path toward sustainability to demonstrate environmental and social responsibility has led to an increasing attention to the lifecycle of a product with a focus on value-added recovery activities. However, besides the risks encountered in traditional supply chains (or, sometimes referred to as the forward supply chain), the CLSC bears additional layer of risks if the products are not properly recycled. In this paper, we will provide an overview of both supply chain and CLSC risks in China.
Keywords: supply chain risks; reverse logistics; China; green SCM; GSCM; supply chain management; CLSC; closed-loop supply chains; food supply chains; risk management; supplier selection; negotiation; logistics; network design; inventory planning; food safety; consumer confidence; economic losses; risk mitigation; PLM; product lifecycle management; value-added recovery; eco-friendly; environmentally friendly; sustainability; greening; environment friendly; sustainable development; CSR; corporate social responsibility.
International Journal of Business Continuity and Risk Management, 2014 Vol.5 No.3, pp.236 - 243
Received: 01 May 2014
Accepted: 05 Aug 2014
Published online: 03 Dec 2014 *