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Supply chain risk management in financial crises--A multiple case-study approach

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  • Blome, Constantin
  • Schoenherr, Tobias

Abstract

Supply Chain Risk Management has become a key concern for organizations, which is even further emphasized by the current economic and financial crisis. Against this background, this paper investigates successful approaches and experiences by companies in dealing with this new reality, especially as it concerns the supply side. Using in-depth case studies conducted among eight European enterprises, we develop a set of propositions about how companies manage supply risks in financial crises, highlight how their risk management approaches have shifted, and illustrate how they are related to Enterprise Risk Management. Our framework is further differentiated based on whether firms are predominantly engaged in manufacturing or services--a factor influencing how supply chain risk is managed. Transaction cost economics serves as our main theoretical anchor. By rigorously grounding our research in both theory and empirical evidence, we provide valuable insight for both academia and practice.

Suggested Citation

  • Blome, Constantin & Schoenherr, Tobias, 2011. "Supply chain risk management in financial crises--A multiple case-study approach," International Journal of Production Economics, Elsevier, vol. 134(1), pages 43-57, November.
  • Handle: RePEc:eee:proeco:v:134:y:2011:i:1:p:43-57
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    References listed on IDEAS

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    Cited by:

    1. Li, Gang & Fan, Huan & Lee, Peter K.C. & Cheng, T.C.E., 2015. "Joint supply chain risk management: An agency and collaboration perspective," International Journal of Production Economics, Elsevier, vol. 164(C), pages 83-94.
    2. repec:spr:annopr:v:237:y:2016:i:1:d:10.1007_s10479-014-1684-5 is not listed on IDEAS
    3. Oliva, Fábio Lotti, 2016. "A maturity model for enterprise risk management," International Journal of Production Economics, Elsevier, vol. 173(C), pages 66-79.
    4. Wuttke, David A. & Blome, Constantin & Henke, Michael, 2013. "Focusing the financial flow of supply chains: An empirical investigation of financial supply chain management," International Journal of Production Economics, Elsevier, vol. 145(2), pages 773-789.
    5. Pinior, Beate & Conraths, Franz J. & Petersen, Brigitte & Selhorst, Thomas, 2015. "Decision support for risks managers in the case of deliberate food contamination: The dairy industry as an example," Omega, Elsevier, vol. 53(C), pages 41-48.
    6. repec:spr:annopr:v:237:y:2016:i:1:d:10.1007_s10479-015-1789-5 is not listed on IDEAS
    7. Wiengarten, Frank & Humphreys, Paul & Gimenez, Cristina & McIvor, Ronan, 2016. "Risk, risk management practices, and the success of supply chain integration," International Journal of Production Economics, Elsevier, vol. 171(P3), pages 361-370.
    8. Sara Hajmohammad & Stephan Vachon, 2016. "Mitigation, Avoidance, or Acceptance? Managing Supplier Sustainability Risk," Journal of Supply Chain Management, Institute for Supply Management, vol. 52(2), pages 48-65, April.
    9. repec:spr:annopr:v:237:y:2016:i:1:d:10.1007_s10479-013-1473-6 is not listed on IDEAS
    10. Wagner, Stephan M. & Mizgier, Kamil J. & Papageorgiou, Stylianos, 2017. "Operational disruptions and business cycles," International Journal of Production Economics, Elsevier, vol. 183(PA), pages 66-78.
    11. Soumodip Sarkar, 2017. "Uncorking knowledge- purposeful spillovers as a strategic tool for capability enhancement in the cork industry," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 251-275, March.
    12. repec:ibn:ibrjnl:v:11:y:2018:i:1:p:44-58 is not listed on IDEAS
    13. Pinior, Beate & Conraths, Franz J. & Petersen, Brigitte & Selhorst, Thomas, 2015. "Reprint of “Decision support for risks managers in the case of deliberate food contamination: The dairy industry as an example”," Omega, Elsevier, vol. 57(PA), pages 114-122.
    14. Schmitt, Thomas G. & Kumar, Sanjay & Stecke, Kathryn E. & Glover, Fred W. & Ehlen, Mark A., 2017. "Mitigating disruptions in a multi-echelon supply chain using adaptive ordering," Omega, Elsevier, vol. 68(C), pages 185-198.
    15. Mitroussi, K. & Abouarghoub, W. & Haider, J.J. & Pettit, S.J. & Tigka, N., 2016. "Performance drivers of shipping loans: An empirical investigation," International Journal of Production Economics, Elsevier, vol. 171(P3), pages 438-452.
    16. Elisabetta Mafrolla & Felice Matozza, 2014. "Risk management and firm size: a survey of Italian private companies," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2014(3), pages 87-108.
    17. repec:spr:annopr:v:237:y:2016:i:1:d:10.1007_s10479-014-1702-7 is not listed on IDEAS
    18. Kjell Hausken & Jun Zhuang, 2016. "The strategic interaction between a company and the government surrounding disasters," Annals of Operations Research, Springer, vol. 237(1), pages 27-40, February.
    19. Kauppi, Katri & Longoni, Annachiara & Caniato, Federico & Kuula, Markku, 2016. "Managing country disruption risks and improving operational performance: risk management along integrated supply chains," International Journal of Production Economics, Elsevier, vol. 182(C), pages 484-495.
    20. Jayaram, Jayanth & Dixit, Mita & Motwani, Jaideep, 2014. "Supply chain management capability of small and medium sized family businesses in India: A multiple case study approach," International Journal of Production Economics, Elsevier, vol. 147(PB), pages 472-485.
    21. Rika Ampuh Hadiguna, 2012. "Decision support framework for risk assessment of sustainable supply chain," International Journal of Logistics Economics and Globalisation, Inderscience Enterprises Ltd, vol. 4(1/2), pages 35-54.
    22. Zhao, Lima & Huchzermeier, Arnd, 2015. "Operations–finance interface models: A literature review and framework," European Journal of Operational Research, Elsevier, vol. 244(3), pages 905-917.
    23. Matevž Rašković & Maja Makovec Brenčić & Anuška Ferligoj & Jan C. Fransoo, 2013. "Relationship learning as a dimension of relationship quality: tentative evidence from transnational buyer-supplier relationships," Tržište/Market, Faculty of Economics and Business, University of Zagreb, vol. 25(1), pages 37-50.

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