This book offers a bridge between our current understanding of supply chain risk in practice and theory, and the monumental shifts caused by the emergence of the fourth industrial revolution. Supply chain risk and its management have experienced significant attention in scholarship and practice over the past twenty years. Our understanding of supply chain risk and its many facets, such as uncertainty and vulnerability, has expanded beyond utilizing approaches such as deploying inventory to buffer the initial effects of disruptions. Even with our increased knowledge of supply chain risk, being in the era of lean supply chain practices, digitally managed global supply chains, and closely interconnected networks, firms are exposed as ever to supply chain uncertainties that can damage, or even destroy, their ability to compete in the marketplace. The book acknowledges the criticality of big data analytics in Supply Chain Risk Management (SCRM) processes and provides appropriate tools and approaches for creating robust SCRM processes.
Revisiting Supply Chain Risk presents a state-of-the-art look at SCRM through current research and philosophical thought. It is divided into six sections that highlight established themes, as well as provide new insights to developing areas of inquiry and contexts on the topic. Section 1 examines the first step in managing supply chain risk, risk assessment. The chapters in Section 2 encompass resiliency in supply chains, while Section 3 looks at relational and behavioral perspectives from varying units of analysis including consortiums, teams and decision makers. Section 4 focuses on examining supply chain risk in the contexts of sustainability and innovation. Section 5 provides insight on emerging typologies and taxonomies for classifying supply chain risk. The book concludes with Section 6, featuring illustrative case studies as real-world examples in assessing and managing supply chain risk.
George A. Zsidisin, Ph.D. (Arizona State University), CPSM, C.P.M., is a Professor of Supply Chain Management at Virginia Commonwealth University. Professor Zsidisin has conducted extensive research on how firms assess and manage supply disruptions and commodity price volatility in their supply chains. He has published over 80 research and practitioner articles that have been extensively cited, many of which focus on the topic of supply chain risk and continuity management. His research on supply chain risk has been funded by the AT& T Foundation and IBM, and has received numerous awards, such as from the Institute for Supply Management, Deutsche Post, Council of Supply Chain Management Professionals, and the Decision Sciences Institute. He has edited two other books: Supply Chain Risk: A Handbook of Assessment, Management, & Performance (with Bob Ritchie, 2010), Springer International Publishing; and Handbook for Supply Chain Risk Management: Case Studies, Effective Practices and Emerging Trends (with Omera Khan, 2011), J. Ross Publishing. In addition, he has published Managing Price Volatility: a Supply Chain Perspective (with Janet Hartley, 2012; second edition 2017), Business Expert Press Publishing, with translated versions in German (with Lutz Kaufmann), and Italian (with Barbara Gaudenzi). He has served as co-Director for the Supply Chain Leadership Program for the Purchasing Management Association of Canada, is one of the initial founding members of the International Supply Chain Risk Management (ISCRiM) network, and has taught and led discussions on supply chain management and risk in various Executive Education Programs and numerous companies in the U.S. and Europe. Professor Zsidisin is co-Editor Emeritus of the Journal of Purchasing & Supply Management, is the Director of the Master of Supply Chain Management program at Virginia Commonwealth University, and sits on the Editorial Review Board for several academic supply chain journals.
Prof. Dr. Michael Henke is Director of Fraunhofer Institute for Material Flow and Logistics IML in Dortmund, and holds the Chair in Enterprise Logistics (LFO) at the Faculty of Mechanical Engineering at TU Dortmund University, Germany. Furthermore, he is Adjunct Professor for Supply Chain Management at the School of Business and Management of Lappeenranta University of Technology in Finland. His research focuses inter alia on Management of Industrie 4.0 and Platform Economy, Blockchain and Smart Contracts, Financial Supply Chain Management, Supply Chain Risk Management, Procurement, Logistics and Supply Chain Management. Doing this, he is combining his practical experience from entrepreneurial practice and his extensive knowledge from research. Michael Henke studied Brewing and Beverage Technology (Dipl.-Ing.) and gained his doctorate and habilitation in Business and Economics at Technical University of Munich, Germany. During and after his habilitation, he worked for the Supply Management Group SMG in St. Gallen, Switzerland. From 2007 until 2013, he was active in teaching and research as a professor at EBS European Business School.