Strategies for Supply Chain Risk Management

Examining the negative consequences that arise from supply chain risks, this book systematically explores firms’ responses to these risks in different situations. In particular, it focuses on sourcing strategies of firms under supply chain risks and the different mitigation tools they use, such as supplier development and multisourcing.

Supply chains have expanded extensively because many firms try to take advantage of outsourcing of their raw materials and critical components. Though firms can reap significant benefits due to the widespread use of outsourcing, they have to deal with increasing supply chain risks. In general, supply chain risks are various and may be originated from natural disasters, labor strikes, fires, and so on. These risk incidents can cause serious damage to firms’ profit performance.

The analysis and insights from this book can be utilized by firms to alleviate the impact of supply chain risks in the sourcing process. It will also be of interest to researchers and students studying supply chain management.

Yi Li is currently an Assistant Professor at the School of Management, Xi’an Jiaotong University. His research interests include supply chain management, service operations management, and the interface of operations and finance.

Ju’e Guo is currently a Professor in Management Science and an Associate Head in Research Center for Chinese Management at Xi’an Jiaotong University. Prof. Guo has published over 50 journal papers. Her research interests include investment decision-making, energy management, and risk management.

Kin Keung Lai is currently a Professor at the International Business School of Shaanxi Normal University and an Honorary Professor at the University of Hong Kong. Prof. Lai has been selected as the Academician of International Academy of Systems and Cybernetic Sciences (Austria) and the Changjiang Scholar Chair Professor by the Ministry of Education (China). His research interests include supply chain management, business analytics, and financial risk management.