Supply Chain Risk and Disruption Management: Latest Tools, Techniques and Management Approaches

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In this book, a risk management approach starts off by discussing important issues related to managing supply chain disruption risks from various perspectives during VUCA times. It explores the essence and principles relating to managing these risks and provides the framework and multi-goal model groups for managing such unknown-unknown risks and subsequent disruptions at a global scale.

The book explores and presents the latest developments across different emerging topics in supply chain risk and disruption management. These include (i) an overview of supply chain risk, and disruption management tools, techniques, and approaches, (ii) a review on uncertainty modeling for decentralized supply chain systems, (iii) supply chain deep uncertainties and risks - the 'new normal', (iv) emergent technologies for supply chain risk and disruption management, (v) supply chain resilience strategies for times of unprecedented uncertainty, (vi) the role of blockchain in developing supply chain resilience against disruptions, (vii) a qualitative study on supply chain risk management adopting blockchain technology, (viii) assessment of risks and risk management for agriculture supply chain, (ix) resilience of agri-food supply chains: Australian developments after a decade of supply and demand shocks, (x) prioritization of risks in the pharmaceutical supply chains (xi) improving medical supply chain disruption management with the blockchain technology, and (xii) impacts of resilience practices on supply chain sustainability.

The book contributes significantly to the growing body of knowledge concerning the theory and practice of managing supply chain risks and disruptions in strategic management, operations and supply chain, and sustainability literature. It presents contemporary, innovative and latest developments in applying smart management tools, techniques and approaches for managing supply chain risk and disruption and future-proofing supply chains to become agile, resilient and sustainable.

Author(s): Sanjoy Kumar Paul, Renu Agarwal, Ruhul Amin Sarker, Towfique Rahman
Series: Flexible Systems Management
Publisher: Springer
Year: 2023

Language: English
Pages: 252
City: Singapore

Contents
Editors and Contributors
Overview of Supply Chain Risk and Disruption Management Tools, Techniques, and Approaches
1 Introduction
2 Supply Chain Risks and Disruptions
3 Large-Scale Supply Chain Risks and Disruptions
4 Managing Supply Chain Risks and Disruptions
5 Resilience Strategies for Managing Supply Chain Risks and Disruptions
6 Supply Chain Sustainability, Adaptability, and Viability
7 Tools, Techniques and Approaches Applied in Supply Chain Risk Management
7.1 Quantitative Methods
7.2 Qualitative Methods
7.3 Empirical Methods
8 Technological Approaches Applied in Supply Chain Risk Management
9 Conclusions and Research Directions
References
A Review on Uncertainty Modeling for Decentralized Supply Chain Systems
1 Introduction
2 Review Methodology
3 Analysis of Reviewed Articles
3.1 Quantitative Models
3.2 Solution Approaches
3.3 Application in Real-Life Situations
4 Summary of Review and Research Gaps
5 Future Research Directions
6 Conclusions
References
Supply Chain Deep Uncertainties and Risks: The ‘New Normal’
1 Introduction
2 Supply Chain Uncertainty Literature
3 Levels of Supply Chain Uncertainty
4 Multiple and Simultaneous Drivers of Deep Supply Chain Uncertainty and Risk
5 The Underlying Consequences—Spiralling Global Inflation
6 Managerial Implications—Responding to Supply Chain Deep Uncertainty
7 Conclusions
References
Emergent Technologies for Supply Chain Risk and Disruption Management
1 Introduction
2 Review of the Literature
2.1 Theoretical Background: Boundary Spanning and Innovation Adoption Theory
3 Emerging Technologies and SCRM
3.1 Benefits of Emerging Technologies in SCRM
4 Proposed Model
5 Major Findings
5.1 Study I: Case Study: Emerge Stronger at a Time of Uncertainty: Blockchain for Supply Chain (Forrester 2020)
5.2 Study II: Perceived Benefits of AI in Supply Chain Risk Management
5.3 Present Adoption of AI in Supply Chain Risk Management
5.4 Future Adoption of AI in Supply Chain Risk Management
6 Discussion and Implications
7 Conclusion and Future Research Direction
References
Supply Chain Resilience Strategies for Times of Unprecedented Uncertainty
1 Introduction
2 Supply Chain Uncertainty, Risk, and Disruptions
3 Supply Chain Resilience (SCR)
4 SCR Strategies
4.1 Management Approaches in SCR
4.2 Ethical Supply Chain Practices to Achieve SCR
5 Supply Chain Models with Resilience Strategy
5.1 Appraisal of SCR
6 Conclusion and Recommendation for Future Research
References
The Role of Blockchain in Developing Supply Chain Resilience against Disruptions
1 Introduction and Background
1.1 Digitalization, Blockchain, and Supply Chain Resilience
2 Blockchain Technology
3 Applications of Blockchain Technology in Non-SCM Contexts
4 Blockchain Technology for Strengthening Supply Chain Resilience
4.1 Supply Chain Disruptions
4.2 Smart Contracts for Enhancing Supply Chain Resilience
5 Blockchain Technology Applications for Resilience
5.1 Visibility
5.2 Digitization
5.3 Provenance
6 Role of Blockchain Technology in Mitigating Pandemic-Induced Supply Chain Disruptions
6.1 Discussion
6.2 Managerial Benefits and Challenges of the Blockchain Technology
7 Summary, Conclusions, and Future Research Directions
References
A Qualitative Study on Supply Chain Risk Management Adopting Blockchain Technology
1 Introduction
2 Literature Review
2.1 Supply Chain Management
2.2 Supply Chain Risk Management (SCRM)
2.3 Blockchain Technology (BCT)
3 Research Methodology
3.1 Research Design
3.2 Sampling and Data Collection
3.3 Data Analysis
4 Findings
4.1 Interviewee 1
4.2 Interviewee 2
4.3 Interviewee 3
4.4 Interviewee 4
5 Managerial Implications
6 Conclusions, Limitations, and Future Scope
References
Assessment of Risks and Risk Management for Agriculture Supply Chain
1 Introduction
2 Risks in Agriculture Supply Chain
3 Risk Assessment of Agriculture Supply Chain Through Interviews with Progressive Farmers
4 Risk Assessment in Supply Chain of Agriculture Inputs Through Interviews
5 Risk Management Strategies in Agriculture Supply Chain
6 Changing Dimensions for Risk Management in Agriculture Supply Chain
7 Agriculture Supply Chain Financing for Risk Management
8 Implications
8.1 Theoretical Implications
8.2 Practical Implications
9 Conclusions and Future Research Scopes
References
Resilience of Agri-Food Supply Chains: Australian Developments After a Decade of Supply and Demand Shocks
1 Introduction
2 Resilience and Risk in the Agri-Food Supply Chain
2.1 Supply Chain Resilience: Definitions and Management Approaches
2.2 Supply Chain Risk: Definitions and Management Approaches
3 Agro-Food Supply Chains’ Vulnerabilities to Shocks
3.1 Grains
3.2 Horticulture
3.3 Dairy
3.4 Red Meat
3.5 Seafood
3.6 Wine
4 Digital Technologies and Their Contribution to Resiliency in the Agro-Food Supply Chain
5 Conclusion
References
Prioritization of Risks in the Pharmaceutical Supply Chains: TOPSIS Approach
1 Introduction
2 Literature Review
2.1 Identification of Risks in the Pharmaceutical Supply Chain
3 Research Methodology
4 Results and Discussion
5 Conclusion, Limitations, and Future Scope
References
Improving Medical Supply Chain Disruption Management with the Blockchain Technology
1 Introduction
2 Background on the Blockchain Technology
3 Blockchain Integrated Medical Supply Chain
4 Medical Supply Chain Disruptions, Associated Risks, and Improving Resiliency via Blockchain Applications
5 Managerial Implications of the Study
6 Conclusions
References
Impacts of Resilience Practices on Supply Chain Sustainability
1 Introduction
2 Resilient Practices in Supply Chain Disruption Management
3 Environmental Sustainability of a Supply Chain
4 Relationship Between Resilience Strategies on Supply Chain Sustainability
5 Modeling of Sustainable and Resilient Supply Chain
6 Observations and Insights
7 Conclusions
References