Managing global supply chain risks: effects of the industry sector

ABSTRACT

Despite the abundance of articles addressing global supply chain risks and their mitigation strategies, there are surprisingly few insights into how different industries manage global supply chain risks while internationalising abroad. There are conflicting results from previous researches that specific global supply chain risk management practices work in one industry but not in others. We believe that in each industry sector, the global supply chain risks and their mitigation strategies differ. We used profile deviation and ideal profile methodology to identify top performers in three industry sectors (Audit, Finance and Consulting, Automotive, and IT and Software) and evaluated their best practices towards managing global supply chain risks. This study used an online survey to gather information on how Indian executives across these industries manage global supply chain risks during their internationalisation process and found the ‘ideal’ risk mitigation profiles for all three industries. These findings provide new insights to practitioners as they will serve as a useful reference tool for Indian executives planning to internationalise.

KEYWORDS:

• Profile deviation
• global supply chain risks
• ideal profile
• Indian supply chain management

Disclosure statement

No potential conflict of interest was reported by the author(s).