Strategizing risk information sharing framework among supply chain partners for financial performance

ABSTRACT

Organisations are often reluctant and sometimes postpone sharing risk-related information with their partners. This paper aims to develop and analyse the risk-sharing model to explain the factors contributing to the timely and accurate sharing of risk-related information within the supply chain network. The data are collected from 199 supply chain experts working in different manufacturing companies through a structured questionnaire and then analysed using structural equation modelling. The result of this study reflects that strategic supply chain relationship (SCR) has a significant impact on risk information sharing (RIS) and external information integration (EII) while having an insignificant impact on internal information integration (III). On the other hand, supply chain technology internalisation (SCT) significantly impacts EII, III and risk-sharing mechanism (RSM). This study is one of the few empirical studies conducted to understand the antecedents of risk-sharing mechanisms in any supply chain network to enhance visibility and increase financial performance using the relational and integrational approaches.

KEYWORDS:

• Supply chain integration
• supply chain risk
• financial performance
• risk sharing
• technology internalization
• strategic relationships

Disclosure statement

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

Correction Statement

This article has been republished with minor changes. These changes do not impact the academic content of the article.

Additional information

Notes on contributors

Waqar Ahmed

Dr.Waqar Ahmed is PhD in Supply Chain management from Iqra University (IU) and serving as Professor (Associate) at IU. He graduated in Industrial & Manufacturing Engineering from NED UET and held a post-graduation in Management Sciences from the University of Karachi. He has an experience of more than 15 years in various national and multinational organisations, including the textile, automobile, and logistics distribution sector. He served organisations like DHL Express, General Tyres, ICI Pakistan, and Feroze Textiles Industries. His interest in research lies in supply chain & logistics, industrial engineering & management, and operations management and optimisation. He has published around 40 research articles in journals like Total Quality Management & Business Excellence; International Journal of Retail and Distribution Management; Journal of Humanitarian Logistics and Supply Chain Management; Resources Conservation and Recycling; Benchmarking; An International Journal; Technology in Society, among others. Waqar Ahmed is the corresponding author and can be contacted at: [email protected].

Muhammad Arif Khan

Muhammad Arif KHAN is a post-graduate student in Business Administration from department of management science of Iqra University, Pakistan. He is a supply chain practitioner and has experience of around 5 years.

Arsalan Najmi

Dr. Arsalan NAJMI is associated with Sunway University Business School in the Department of Management. He holds a Ph.D. in Supply Chain Management from the University of Malaya’s Faculty of Business and Economics, which has an AACSB, EMBA and 4 PALMES accredited Business School. He is also a Gold Medallist in Master’s in Business Administration from IQRA University. He started his professional career as an Entrepreneur in a Wholesale and Retail Business in an I.T. Industry in 2006. He has published several research articles in Thomson Reuters Web of Science Indexed Journals including Corporate Social Responsibility and Environmental Management; British Food Journal; Operations Management Research; Resources, Conservation and Recycling; Environmental Science and Pollution Research; Journal of Material Cycles and Waste Management; Journal of Islamic Marketing and others.

Sharfuddin Ahmed Khan

Sharfuddin Ahmed Khan is an Assistant Professor in Industrial System Engineering at University of Regina, Saskatchewan, Canada since January, 2022. Prior to that he worked as Assistant Professor in Industrial Engineering and Engineering Management department at University of Sharjah, UAE from September, 2019 to December, 2021 and lecturer in the same department from September, 2009 to August, 2019. He holds PhD in Engineering (Industrial Engineering) from University of Quebec, Ecole de Technologie Superieure (ÉTS), Montreal, Canada in January, 2018, MSc in Industrial and Systems Engineering from National University of Singapore (NUS) Singapore in June, 2006, and Bachelors of Industrial and Manufacturing Engineering from NED University of Engineering and Technology, Karachi Pakistan in April, 2004. He published more than 70 journal articles in well-reputed journals such as Supply Chain Management: An International Journal, International Journal of Production Research, Production Planning and Control, Knowledge Base System, Expert Systems with Application, Journal of Cleaner Production, Management Decisions, Technology in Society, Business Strategy and Environment, IEEE Transactions in Engineering Management, and Operations Management Research are some of them. In addition to that, he has five years of industrial experience in the field of supply chain management, warehouse management and inventory management at BASF Chemicals and ExxonMobil. His research interest includes but not limited to Supply chain management, Sustainability, Supply chain mapping, Circular economy, Performance measurement & improvement and Multi-criteria decision-making.