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Supply risk management in financial crises: A multiple case-study approach
journal contribution
posted on 2023-06-08, 17:24 authored by Constantin Blome, Tobias SchonherrSupply Chain Risk Management has become a key concern for organizations, which is even further emphasized by the current economic and financial crisis. Against this background, this paper investigates successful approaches and experiences by companies in dealing with this new reality, especially as it concerns the supply side. Using in-depth case studies conducted among eight European enterprises, we develop a set of propositions about how companies manage supply risks in financial crises, highlight how their risk management approaches have shifted, and illustrate how they are related to Enterprise Risk Management. Our framework is further differentiated based on whether firms are predominantly engaged in manufacturing or services—a factor influencing how supply chain risk is managed. Transaction cost economics serves as our main theoretical anchor. By rigorously grounding our research in both theory and empirical evidence, we provide valuable insight for both academia and practice.
History
Publication status
- Published
Journal
International Journal of Production EconomicsISSN
0925-5273Publisher
ElsevierExternal DOI
Issue
1Volume
134Page range
43-57Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2014-05-23Usage metrics
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