Global supply chain risk management strategies

Ila Manuj (Department of Marketing and Logistics, University of North Texas, Denton, Texas, USA)
John T. Mentzer (The University of Tennessee, Knoxville, Tennessee, USA)

International Journal of Physical Distribution & Logistics Management

ISSN: 0960-0035

Publication date: 11 April 2008

Abstract

Purpose

Global 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/approach

This 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.

Findings

The study provides insights into the applicability of six risk management strategies with respect to environmental conditions and the role of three moderators.

Research limitations/implications

The 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 implications

This 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/value

The 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.

Keywords

Citation

Manuj, I. and Mentzer, J. (2008), "Global supply chain risk management strategies", International Journal of Physical Distribution & Logistics Management, Vol. 38 No. 3, pp. 192-223. https://doi.org/10.1108/09600030810866986

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Publisher

:

Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited

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