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Examining risks and strategies for the spice processing supply chain in the context of an emerging economy

Udukumburage Shalinda Kusal De Silva (University of Technology Sydney, Sydney, Australia)
Ananna Paul (University of Technology Sydney, Sydney, Australia)
Kazi Wahadul Hasan (Department of Industrial and Production Engineering, Bangladesh University of Engineering and Technology, Dhaka, Bangladesh)
Sanjoy Kumar Paul (UTS Business School, University of Technology Sydney, Sydney, Australia)
Syed Mithun Ali (Department of Industrial and Production Engineering, Bangladesh University of Engineering and Technology, Dhaka, Bangladesh)
Ripon Kumar Chakrabortty (School of Information and Information Technology, University of New South Wales, Canberra, Australia)

International Journal of Emerging Markets

ISSN: 1746-8809

Article publication date: 9 June 2021

Issue publication date: 16 May 2023

645

Abstract

Purpose

Managing supply chain risk is a crucial element in ensuring the long-term sustainability of any organization or industry. As such, identification of risks and deploying their mitigation strategies should be the focal point to sustain in the long run. The risks that are faced by food processing supply chains are gaining prominence, given more consumers requiring higher quality products while ensuring traceability. In essence, this research focuses on the supply chain risks and mitigation strategies in the spice industry of an emerging economy, Sri Lanka.

Design/methodology/approach

This paper integrates two popular multi-criteria decision-making (MCDM) techniques, such as the analytical hierarchy process (AHP) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) to assess the supply chain risks and to derive their mitigation strategies for the spice industry.

Findings

Findings show that “inability to meet quality requirements” has been established as the most significant risk in the Sri Lankan spice industry. On the other hand, “vertical integration” (backward integration) has been discovered as the key mitigation strategy to ameliorate the effects of supply chain risks in this sector.

Research limitations/implications

This study is exploratory, and more empirical data and statistical analyses are needed to further validate the outcomes of the study.

Originality/value

Despite being one of the largest trade exporters in Sri Lanka, the spice industry gets scant attention to the identification and mitigation of the risks. The authors explored the supply chain risks in the spice industry and then prioritized the suitable mitigation strategies using an integrated AHP-TOPSIS method.

Keywords

Citation

Silva, U.S.K.D., Paul, A., Hasan, K.W., Paul, S.K., Ali, S.M. and Chakrabortty, R.K. (2023), "Examining risks and strategies for the spice processing supply chain in the context of an emerging economy", International Journal of Emerging Markets, Vol. 18 No. 5, pp. 1124-1146. https://doi.org/10.1108/IJOEM-07-2020-0776

Publisher

:

Emerald Publishing Limited

Copyright © 2021, Emerald Publishing Limited

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