Supply chain risk assessment in disruptive times: opportunities and challenges
Journal of Enterprise Information Management
ISSN: 1741-0398
Article publication date: 7 July 2023
Issue publication date: 16 August 2023
Abstract
Purpose
Proactive risk assessment suggests that risk assessment should emphasize the consequences that it might cause and the opportunities it might create for firms. Hence, this study aims to validate risk impact on supply chain performance in the context of the Vietnamese construction sector. Also, a complex network, in which multiple risk factors mutually affect, impede or promote each other, is developed to assist managers in tackling unpredictable risks proactively. In particular, the authors investigate whether certain risks could be considered either challenges or opportunities for businesses in turbulent times to improve SC performance.
Design/methodology/approach
The construction industry is the focal study context as it is one of the most essential industries in charge of providing accommodations, infrastructures and employment for society. 289 valid responses used in this research are from a large-scale survey result, supported by a Japanese government project promoting sustainable socio-economic development in Vietnam.
Findings
From the study findings, the authors find that external risk brings opportunities for supply chain performance. Meanwhile, demand risk, when it occurs, can reduce the danger level of operational risk, which is an interesting finding of this research. It is evident that when multiple risk factors mutually affect, impede or promote each other, it provides a more meaningful examination of mutually interconnected supply chain risks.
Originality/value
Practitioners should perceive risks as an opportunity than a threat. This study contributes to preventing risks and guaranteeing an effective and efficient supply chain by tackling unpredictable risks in a disruptive period. Moreover, data on validating research models collected during the Covid-19 pandemic and Ukraine and Russia conflicts reflect the topicality of this study.
Keywords
Acknowledgements
This research is funded by the University of Economics Ho Chi Minh City, Vietnam. This work was supported (1) by the Japanese Government via the project “An Empirical Study on Services Value Chain based on the Experiential and Credibility Values” (Grant-in-Aid for Scientific Research (A) No. 25240050), (2) by Japan International Cooperation Agency (JICA) through AUN/SEED-Net Project, No. 022674.242.2015/JICA-AC; and (3) by Japan Society for the Promotion of Science (JSPS) KAKENHI, No. JP18J11566. The authors gratefully acknowledge Dr Nguyen Thi Minh Thi, a former supply chain manager of Samsung Electronics Vietnam Co., Ltd. And Nipro Vietnam Co., Ltd., for her in-depth remarks that contribute to the completion of this paper.
Ethical approval: The authors further confirm that any aspect of the work covered in this manuscript that has involved either survey human has been conducted with the ethical approval of all relevant bodies and that such approvals are acknowledged within the manuscript.
Contributorship: The authors understand that the Corresponding Author is the sole contact for the Editorial process (including Editorial Manager and direct communications with the office). He is responsible for communicating with the other authors about progress, submissions of revisions and final approval of proofs. The authors confirm that they have provided a current, correct email address which is accessible by the Corresponding Author.
Availability of data: The data are available on request from the corresponding author due to the participant privacy.
Conflicting interests: The authors wish to confirm that there are no known conflicts of interest associated with this publication. The authors confirm that the manuscript has been read and approved by all named authors and that there are no other persons who satisfied the criteria for authorship but are not listed. The authors further confirm that the order of authors listed in the manuscript has been approved by all of them. The authors confirm that we have given due consideration to the protection of intellectual property associated with this work and that there are no impediments to publication, including the timing of publication, with respect to intellectual property. In so doing The authors confirm that they have followed the regulations of our institutions concerning intellectual property.
Citation
Duong, A.T.B., Hoang, T.-H., Nguyen, T.T.B., Akbari, M., Hoang, T.G. and Truong, H.Q. (2023), "Supply chain risk assessment in disruptive times: opportunities and challenges", Journal of Enterprise Information Management, Vol. 36 No. 5, pp. 1372-1401. https://doi.org/10.1108/JEIM-02-2023-0104
Publisher
:Emerald Publishing Limited
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