Supply Chain Risk Management: A Conceptual Framework and Empirical Validation

Sumeet Gupta, Mark Goh, Robert De-Souza, Fanwen Meng and Miti Garg
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Sumeet Gupta: Indian Institute of Management, Raipur, India
Mark Goh: The Logistics Institute-Asia Pacific, National University of Singapore, Singapore
Robert De-Souza: The Logistics Institute-Asia Pacific, National University of Singapore, Singapore
Fanwen Meng: Center for Maritime Studies, National University of Singapore, Singapore
Miti Garg: Logistics Institute-Asia Pacific, National University of Singapore, Singapore

International Journal of Information Systems and Supply Chain Management (IJISSCM), 2014, vol. 7, issue 3, 1-23

Abstract: Increasing globalization of the supply chains is making them increasingly vulnerable to various supply chain risks. Effective management of these risks is essential to prevent minor as well as major risks that may occur in day-to-day operations of the firm. In this paper an attempt is made to bring out a schema for analyzing supply chain risks faced by the firm and develop a risk management action framework that would serve as a guide for practitioners to identify the level at which their firms are operating and the strategies they need to employ to combat or prevent supply chain risks. The data is collected by means of an online as well as an event survey from logistics managers of various supply chain firms. Indeed Singaporean firms need to properly document these supply chain risks. Moreover, there are gaps in specific areas where Singaporean firms can improve themselves and thus become globally effective corporations.

Date: 2014
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