Enhancing supply chain resilience and robustness through risk management: insights from Serbia

Slobodan Aćimović (), Veljko Mijušković (), Aleksandra Fedajev (), Ana Todorović Spasenić () and Magdalena Radulescu ()
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Slobodan Aćimović: University of Belgrade
Veljko Mijušković: University of Belgrade
Aleksandra Fedajev: University of Belgrade
Ana Todorović Spasenić: Milosa Obrenovica 2
Magdalena Radulescu: BEU-Scientific Research Center, Baku Engineering University

Risk Management, 2025, vol. 27, issue 4, No 1, 29 pages

Abstract: Abstract The COVID-19 pandemic highlighted the critical role of supply chain (SC) risk management in maintaining corporate stability. This study investigates how risk management processes (identification, assessment, control, and mitigation) affect SC resilience and robustness during disruptions, offering insights for enhancing SC adaptability. An empirical analysis was conducted using survey data from 122 Serbian companies and tested via partial least squares structural equation modeling (PLS-SEM). Results reveal that pandemic disruption positively influenced risk assessment and mitigation but had no significant effect on risk identification and control. It also negatively impacted SC resilience and robustness. Among the risk management processes, only risk control and assessment significantly contributed to SC robustness, while risk identification and mitigation showed no significant effect. These mixed results suggest the need for firms to improve the integration of risk management phases to strengthen SC performance under disruption.

Keywords: Risk management; Supply chain; Resilience; Robustness; Pandemic; PLS-SEM (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1057/s41283-025-00167-7

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