IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i12p5115-d375273.html
   My bibliography  Save this article

SCRM Awareness in the Shipbuilding and Marine Equipment Market: Empirical Evidence from South Korea, China, and Singapore

Author

Listed:
  • Kiyoung Jeong

    (NIDEC Leroy Somer, Busan 46972, Korea)

  • Jaeung Cha

    (KMI KMOU Cooperative Program, Korea Maritime and Ocean University, Busan 49112, Korea)

  • Yulseong Kim

    (Department of Logistics System Engineering, Korea Maritime and Ocean University, Busan 49112, Korea)

Abstract

This study analyzes the relationships between the awareness levels of supply chain risk management (SCRM) importance, the level of development, and their influence on business performance in the shipbuilding and marine equipment industry. In addition, this study highlights the differences in awareness levels according to country-specific characteristics by comparing South Korea, China, and Singapore, leading suppliers of shipbuilding and marine equipment. Based on a questionnaire survey of 165 respondents, this study conducted a factor analysis and ANOVA. The results indicate that the surveyed companies highly value the importance of risk management overall, with the information and forecast risk factor being highest rated. However, the high levels of awareness of importance does not lead to satisfactory levels of SCRM development. In addition, the comparative analysis between countries indicates statistically significant differences in the awareness of importance and the development level. Finally, the results show that awareness of environmental risk and destructive risk factors, which are vital for long-term survival and sustained competitive advantages, are low. The findings in this study offers a useful baseline for future studies on developing SCRM in the shipbuilding and marine equipment market and establishing relevant policies and systems.

Suggested Citation

  • Kiyoung Jeong & Jaeung Cha & Yulseong Kim, 2020. "SCRM Awareness in the Shipbuilding and Marine Equipment Market: Empirical Evidence from South Korea, China, and Singapore," Sustainability, MDPI, vol. 12(12), pages 1-16, June.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:12:p:5115-:d:375273
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/12/5115/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/12/5115/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Chris Changwha Chung & Seung-Hyun Lee & Paul W Beamish & Takehiko Isobe, 2010. "Subsidiary expansion/contraction during times of economic crisis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 41(3), pages 500-516, April.
    2. Zuritah A. Kadir & Roslina Mohammad & Norazli Othman & Astuty Amrin & Mohd Nabil Muhtazaruddin & Siti Hawa Abu-Bakar & Firdaus Muhammad-Sukki, 2020. "Risk Management Framework for Handling and Storage of Cargo at Major Ports in Malaysia towards Port Sustainability," Sustainability, MDPI, vol. 12(2), pages 1-20, January.
    3. Tang, Ou & Nurmaya Musa, S., 2011. "Identifying risk issues and research advancements in supply chain risk management," International Journal of Production Economics, Elsevier, vol. 133(1), pages 25-34, September.
    4. Zhanguang Chen & Qiaowan Wang & Chao Dou & Tian Liang, 2020. "Government Background Customers and Private Enterprise Innovation from the Perspective of Supply Chain Risk Transmission," Sustainability, MDPI, vol. 12(8), pages 1-22, April.
    5. Jorge Arnaldo Troche-Escobar & Herman Augusto Lepikson & Francisco Gaudêncio Mendonça Freires, 2018. "A Study of Supply Chain Risk in the Brazilian Wind Power Projects by Interpretive Structural Modeling and MICMAC Analysis," Sustainability, MDPI, vol. 10(10), pages 1-24, September.
    6. Mohit Goswami & Arijit De & Muhammad Khoirul Khakim Habibi & Yash Daultani, 2020. "Examining freight performance of third-party logistics providers within the automotive industry in India: an environmental sustainability perspective," International Journal of Production Research, Taylor & Francis Journals, vol. 58(24), pages 7565-7592, December.
    7. Fisch, Jan Hendrik & Zschoche, Miriam, 2011. "Do firms benefit from multinationality through production shifting?," Journal of International Management, Elsevier, vol. 17(2), pages 143-149, June.
    8. Shi, Xin & Jiang, Haizhou & Li, Huan & Xu, Dong, 2020. "Maritime cluster research: Evolutionary classification and future development," Transportation Research Part A: Policy and Practice, Elsevier, vol. 133(C), pages 237-254.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Centobelli, Piera & Cerchione, Roberto & Maglietta, Amedeo & Oropallo, Eugenio, 2023. "Sailing through a digital and resilient shipbuilding supply chain: An empirical investigation," Journal of Business Research, Elsevier, vol. 158(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sangcheol Song, 2014. "Subsidiary Divestment: The Role of Multinational Flexibility," Management International Review, Springer, vol. 54(1), pages 47-70, February.
    2. Runhui Lin & Yuan Gui & Zaiyang Xie & Lu Liu, 2019. "Green Governance and International Business Strategies of Emerging Economies’ Multinational Enterprises: A Multiple-Case Study of Chinese Firms in Pollution-Intensive Industries," Sustainability, MDPI, vol. 11(4), pages 1-32, February.
    3. Song, Sangcheol, 2014. "Unfavorable Market Conditions, Institutional and Financial Development, and Exits of Foreign Subsidiaries," Journal of International Management, Elsevier, vol. 20(3), pages 279-289.
    4. Sangcheol Song, 2013. "FDI Structure, Investment Specificity, and Multinationality Value under Host Market Uncertainty," Management International Review, Springer, vol. 53(6), pages 795-817, December.
    5. aus dem Moore, Nils & Großkurth, Philipp & Themann, Michael, 2019. "Multinational corporations and the EU Emissions Trading System: The specter of asset erosion and creeping deindustrialization," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 1-26.
    6. Sangcheol Song & Jeoung Yul Lee, 2017. "Relationship with Headquarters and Divestments of Foreign Subsidiaries: The Hysteresis Perspective," Management International Review, Springer, vol. 57(4), pages 545-570, August.
    7. Song, Sangcheol & Lee, Seung-Hyun & Makhija, Mona, 2015. "Operational hedging in foreign direct investments under volatile and divergent exchange rates across countries," Journal of World Business, Elsevier, vol. 50(3), pages 548-557.
    8. Song, Sangcheol, 2015. "Exchange rate challenges, flexible intra-firm adjustments, and subsidiary longevity," Journal of World Business, Elsevier, vol. 50(1), pages 36-45.
    9. Garrido-Prada, Pablo & Delgado-Rodriguez, Maria Jesús & Romero-Jordán, Desiderio, 2019. "Effect of product and geographic diversification on company performance: Evidence during an economic crisis," European Management Journal, Elsevier, vol. 37(3), pages 269-286.
    10. Song, Sangcheol, 2021. "Do in-network ties help in lowering subsidiary divestment rates under environmental challenges?," Journal of Business Research, Elsevier, vol. 128(C), pages 257-265.
    11. Tailan Chi & Jing Li & Lenos G Trigeorgis & Andrianos E Tsekrekos, 2019. "Real options theory in international business," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(4), pages 525-553, June.
    12. Song, Sangcheol, 2022. "Determining investment size and local embeddedness under host market uncertainty and growth rates," International Business Review, Elsevier, vol. 31(2).
    13. Sangcheol Song, 2015. "Inter-Country Exchange Rates and Intra-Firm Trade Flow Within Global Network of Multinational Corporations," Management International Review, Springer, vol. 55(1), pages 1-22, February.
    14. Sangcheol Song, 2017. "Ownership Increase in International Joint Ventures: The Within- and Across-Country Flexibility Perspective," Management International Review, Springer, vol. 57(1), pages 93-120, February.
    15. Schmidt, Christoph G. & Wuttke, David A. & Heese, H. Sebastian & Wagner, Stephan M., 2023. "Antecedents of public reactions to supply chain glitches," International Journal of Production Economics, Elsevier, vol. 259(C).
    16. Pasura Aungkulanon & Walailak Atthirawong & Pongchanun Luangpaiboon & Wirachchaya Chanpuypetch, 2024. "Navigating Supply Chain Resilience: A Hybrid Approach to Agri-Food Supplier Selection," Mathematics, MDPI, vol. 12(10), pages 1-41, May.
    17. Ben-Ammar, Oussama & Bettayeb, Belgacem & Dolgui, Alexandre, 2019. "Optimization of multi-period supply planning under stochastic lead times and a dynamic demand," International Journal of Production Economics, Elsevier, vol. 218(C), pages 106-117.
    18. Zhao, Na, 2019. "Managing interactive collaborative mega project supply chains under infectious risks," International Journal of Production Economics, Elsevier, vol. 218(C), pages 275-286.
    19. Seyyed Mohammad Seyyed Alizadeh Ganji & Mohammad Hayati, 2016. "Identifying and Assessing the Risks in the Supply Chain," Modern Applied Science, Canadian Center of Science and Education, vol. 10(6), pages 1-74, June.
    20. Laurent Lim, Lâm & Alpan, Gülgün & Penz, Bernard, 2014. "Reconciling sales and operations management with distant suppliers in the automotive industry: A simulation approach," International Journal of Production Economics, Elsevier, vol. 151(C), pages 20-36.

    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:gam:jsusta:v:12:y:2020:i:12:p:5115-:d:375273. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.