IDEAS home Printed from https://ideas.repec.org/a/aza/jscm00/y2023v5i2p131-141.html
   My bibliography  Save this article

Predicting and managing supply chain risks

Author

Listed:
  • Lucchetta, Francesco

    (Group Sourcing Leader, Switzerland)

Abstract

In recent years, we have seen how the supply chains of all companies around the world can be challenged by events of varying nature and magnitude. The prevention of these events, and the risks associated with them, is crucial not only for the continuity of a business but also for its survival. The objective of this paper is to provide clear guidance on how to identify and predict supply chain risks and avoid or greatly limit their impact on the value chain of companies. Approaching the subject in a typical 3D manner (discover, develop, deploy), the text aims to provide a toolkit that can be readily applied, especially for companies of production and supply of goods, and easily customised to the specific needs that each enterprise normally has. The paper explains how to create a process for recognising and identifying risks that may affect an organisation; how to prioritise them by quantifying each risk by magnitude and likelihood of occurrence; how to mitigate them through targeted actions for each type of risk; and how to create a risk-sensitive working environment and anticipate its prediction and detection.

Suggested Citation

  • Lucchetta, Francesco, 2023. "Predicting and managing supply chain risks," Journal of Supply Chain Management, Logistics and Procurement, Henry Stewart Publications, vol. 5(2), pages 131-141, January.
    • Handle: RePEc:aza:jscm00:y:2023:v:5:i:2:p:131-141
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/7484/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/7484/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    supply chain; risk management; risk mitigation; contingency plan; COVID-19; Ukraine war; black swan;
    All these keywords.

    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jscm00:y:2023:v:5:i:2:p:131-141. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.