Supply chain risk management and its mitigation in a food industry

Abstract

We create a model which analyses the various risks involved in a food supply chain with the help of interpretive structural modelling (ISM). The various types of risks were identified based on a review of the literature and in consultation with experts in the food industry. The types of risks are clustered into five categories and risk mitigation is discussed. The model developed is validated with the help of a case study involving a food products manufacturing firm.

Keywords:

• supply chain risk management (SCRM)
• food supply chain
• interpretive structural modelling (ISM)
• risk mitigation

Acknowledgements

This research was financially supported by RMK food products, Tiruchirappalli, Tamilnadu, India under the project ‘study on impact and capability of risk supply chain management for a food industry’ (No. C. S./RMK/2007/CS13).