Impact of risk management culture on supply chain resilience: An empirical study from Indian manufacturing industry
Влияние культуры управления рисками на устойчивость цепей поставок: эмпирическое исследование в обрабатывающей промышленности Индии
2019-11-25
SCID: 54.1/cbgpmas5
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Indian manufacturing industrypartial least squares structural equation modellingrisk management culturesupply chain resiliencesupply chain visibility
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Abstract (AI)
The frequency of supply chain disruptions is growing. The recent supply chain disruptions and their costs emphasize the need for resilient supply chains. Therefore, the main purpose of this study is to investigate interactions between critical antecedents of supply chain resilience including risk management culture, supply chain connectivity, visibility, collaboration, agility, their impact on supply chain resilience, and finally on firm performance. Using the same antecedents and literature support, an empirical model has been proposed. The proposed model has been tested using rigorous statistical analysis such as reliability, convergent, and discriminant validity tests. Partial least squares-structural equation modelling has been used to validate the proposed model and the interdependencies between the critical antecedents. An important finding of this research is that organizations, using the proposed model, can develop and improve supply chain resilience capability by establishing the risk management culture through improving the risk awareness among employees and conducting periodic risk assessment exercises. In addition, the study suggests that organizations trying to achieve supply chain resilience must develop sufficient supply chain connectivity and visibility through adopting information and communications technologies and visibility tools for quick response and recovery from supply chain disruptions. Data collected from the Indian manufacturing sector are used to validate the model. The holistic view presented by the proposed model describes the inter-relationships between critical antecedents to achieve supply chain resilience. Concluding remarks and future research avenues have been presented.
Key Findings
1
Establishing a risk management culture through employee risk awareness and periodic risk assessments can strengthen organizations’ supply chain resilience capabilities.
2
Partial least squares structural equation modelling, supported by reliability and validity tests, confirms interdependencies among the proposed supply chain resilience antecedents using Indian manufacturing data.
3
Supply chain connectivity and visibility, enabled by information and communications technologies and visibility tools, support faster responses and recovery from disruptions.
4
The model provides an integrated view of how critical antecedents interact to build supply chain resilience in the Indian manufacturing sector.
5
The study develops and empirically validates a holistic model linking risk management culture, connectivity, visibility, collaboration, and agility to supply chain resilience and firm performance.
Research Object
Supply chains and firms in the Indian manufacturing industry
Research Subject
The interrelationships of risk management culture, supply chain connectivity, visibility, collaboration, and agility with supply chain resilience and firm performance
Publication Details
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2019-11-25
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