Relationship Between Supply Chain Risks: An Empirical Work
Relationship Between Supply Chain Risks: An Empirical Work

Author(s): Mustafa Ünğan
Subject(s): Economy
Published by: Editura Lumen, Asociatia Lumen
Keywords: Supply chain; Risk; Supply chain risk management; Enterprise risk management
Summary/Abstract: Supply chain risk management is turned out to be a critical function for organization around the globe as a consequence of change in technology, economic, environment of organizations. Most companies or organizations view supply chain risk as a disruption of the flow of products or services that meet their requirements and consequently reduce their performance. A literature review for this study indicates that relationship between supply chain risks and developing appropriate mitigation strategies is drawing the attention of practitioners and academics in recent years. However, there is a lack of studies in this field. This paper aims to contribute to fill this gap in the literature by exploring the relationships between supply chain risks in Nigeria. To this end, data were collected 82 companies operating in different industries. Correlation matrices and item to total correlations were used for the analysis. The results indicated that terrorist activity risk is the most perceived supply chain risk in Nigeria. It was also found that many companies can reduce the level of many supply chain risks with an optimum level of capacity and good planning. It is expected that the findings help supply chain managers and policy makers in their decisions.

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