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A conceptual framework for improving effectiveness of risk management in supply networks

Atanu Chaudhuri (Durham University Business School, Durham, UK)
Abhijeet Ghadge (Cranfield School of Management, Cranfield University, UK)
Barbara Gaudenzi (Department of Business Administration, University of Verona, Verona, Italy)
Samir Dani (Huddersfield Business School, University of Huddersfield, Huddersfield, UK)

The International Journal of Logistics Management

ISSN: 0957-4093

Article publication date: 19 February 2020

Issue publication date: 4 May 2020

1538

Abstract

Purpose

The purpose of the paper is to develop a conceptual framework for improving the effectiveness of risk management in supply networks following a critical literature review.

Design/methodology/approach

A critical review of 91 scholarly journal articles published between 2000 and 2018 supports the development of an integrated conceptual framework.

Findings

The findings emphasize that supply chain integration (SCI) can have both a positive and negative impact on the effectiveness of risk management in supply networks. It is possible to have a positive effect when SCI can be used to develop competencies in joint risk planning within the organization and with wider supply network members and, in turn, to develop collaborative risk management capabilities. Supply network characteristics can influence whether and the extent to which SCI has a positive or negative impact on risk management effectiveness.

Research implications

The conceptual framework can be used to empirically assess the role of SCI for effective risk management. Dynamic evaluation of the effectiveness of risk management and potential redesign of the supply network by considering other contingent factors are some future research avenues.

Practical implications

There is a need for developing specific competencies in risk planning within organizations and joint risk planning with supply network members which, in turn, can help develop collaborative risk management capabilities to improve the effectiveness of risk management in supply networks. Network characteristics will influence whether and the extent to which SCI results in the effectiveness of risk management.

Originality value

Moving beyond recent (systematic) reviews on supply chain risk management, this study develops a novel conceptual framework interlinking SCI and the effectiveness of risk management while considering network characteristics.

Keywords

Acknowledgements

The authors would like to thank anonymous reviewers for their constructive recommendations for improving the overall quality of manuscript.

Citation

Chaudhuri, A., Ghadge, A., Gaudenzi, B. and Dani, S. (2020), "A conceptual framework for improving effectiveness of risk management in supply networks", The International Journal of Logistics Management, Vol. 31 No. 1, pp. 77-98. https://doi.org/10.1108/IJLM-11-2018-0289

Publisher

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Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited

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