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Empirical research on the relationships between demand- and supply-side risk management practices and their impact on business performance

Sebastian Sturm (Chair of Supply Chain Management, Friedrich-Alexander University Erlangen-Nuremberg, Nuremberg, Germany)
Nils-Ole Hohenstein (Department of Supply Chain Management and Logistics, Cooperative State University Mannheim, Mannheim, Germany)
Hendrik Birkel (Chair of Supply Chain Management, Friedrich-Alexander University Erlangen-Nuremberg, Nuremberg, Germany)
Gernot Kaiser (Department of Economics and Social Sciences, University of Applied Sciences Nordhausen, Nordhausen, Germany)
Evi Hartmann (Chair of Supply Chain Management, Friedrich-Alexander University Erlangen-Nuremberg, Nuremberg, Germany)

Supply Chain Management

ISSN: 1359-8546

Article publication date: 2 September 2021

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Abstract

Purpose

This paper integrates research on demand- and supply-side risk management practices to better explain how to achieve competitive advantage in dynamic business conditions. The purpose of this study is to develop a model linking supply chain flexibility, agility, robustness and resilience and to investigate its relationships and impact on business performance.

Design/methodology/approach

The authors conduct a review of existing literature to derive their hypotheses and operationalize the respective constructs. The formulated research model is then validated applying partial least squares structural equation modeling on survey data from 89 multi-national companies based in Europe.

Findings

The authors find a significant positive relationship between supply chain flexibility and supply chain agility as well as supply chain robustness and supply chain resilience, respectively. Additionally, it is argued that supply chain flexibility, agility and resilience have significant positive impact on individual dimensions of business performance.

Originality/value

The relationships between supply chain flexibility, agility, robustness, resilience and business performance are investigated and empirically validated altogether in a single model for the first time, providing a clear separation of these terms and shedding further light on the management of supply chain risks.

Keywords

Acknowledgements

The authors thank the anonymous reviewers for their valuable suggestions and comments which helped to improve the clarity and quality of this manuscript.

Citation

Sturm, S., Hohenstein, N.-O., Birkel, H., Kaiser, G. and Hartmann, E. (2021), "Empirical research on the relationships between demand- and supply-side risk management practices and their impact on business performance", Supply Chain Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/SCM-08-2020-0403

Publisher

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Emerald Publishing Limited

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