Formation mechanism and management strategy of logistics supply chain risk

Yulong Wan and Xiaoying Bai

International Journal of Sustainable Development, 2024, vol. 27, issue 3, 298-310

Abstract: In order to reduce logistics delays and improve logistics continuity, this paper researches the mechanism and management strategy of logistics supply chain risk formation, and analyses the impact of risks based on the overall structure of the logistics supply chain. The mechanism of risk formation is explained from the aspects of relationship closeness, external environmental factors, information asymmetry, globalisation, and complexity. Finally, risk management strategies are proposed from the aspects of establishing supplier risk assessment and management mechanisms, diversifying supply chains and resource sources, strengthening information sharing and coordination mechanisms, warning and predicting risk events, and establishing flexible supply chain planning and inventory management strategies. Case studies have shown that the application of this strategy can reduce the delay of logistics supply chain, and the interruption time can be reduced to 2.4 h.

Keywords: logistics supply chain; risk formation mechanism; management strategy; risk events. (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=140008 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijsusd:v:27:y:2024:i:3:p:298-310

Access Statistics for this article

More articles in International Journal of Sustainable Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().