The increasing level of connectivity is transforming supply chains, and it creates new opportunities but also new risks in the cyber space. Hence, cyber supply chain risk management (CSCRM) is emerging as a new management construct. The purpose of this paper is to explore how companies approach the management of cyber and information risks in their supply chain, what initiatives they adopt to this aim, and to what extent along the supply chain. The ultimate aim is to help organizations in understanding and improving the CSCRM process and cyber resilience in their supply chains. Design/methodology/approach: This research relied on a qualitative approach based on a comparative case study analysis involving five large multinational companies with headquarters, or branches, in the UK. Findings: Results highlight the importance for CSCRM to shift the viewpoint from the traditional focus on companies' internal information technology infrastructure, able to "firewall themselves" only, to the whole supply chain with a cross-functional approach; initiatives for CSCRM are mainly adopted to "respond" and "recover" without a well-rounded approach to supply chain resilience for a long-term capacity to adapt to changes according to an evolutionary approach. Initiatives are adopted at a firm/dyadic level, and a network perspective is missing. Research limitations/implications: This paper extends the current theory on cyber and information risks in supply chains, as a combination of supply chain risk management and resilience, and information risk management. It provides an analysis and classification of cyber and information risks, sources of risks and initiatives to managing them according to a supply chain perspective, along with an investigation of their adoption across the supply chain. It also studies how the concept of resilience has been deployed in the CSCRM process by companies. By laying the empirical foundations of the subject, our study stimulates further research on the challenges and drivers of initiatives and coordination mechanisms for CSCRM at a supply chain network level. Practical implications: Results invite companies to break the "silos" of their activities in CSCRM, embracing the whole supply chain network for better resilience. The adoption of information technology security initiatives should be combined with organizational ones and extended beyond the dyad. Where applicable, initiatives should be bi-directional to involve supply chain partners, remove the typical isolation in the CSCRM process, and leverage the value of information. Decisions on investments in CSCRM should involve also supply chain managers according to a holistic approach. Originality/value: A supply chain perspective in the existing scientific contributions is missing in the management of cyber and information risk. This is one of the first empirical studies dealing with this interdisciplinary subject, focusing on risks that are now very high in the companies' agenda, but still overlooked. It contributes to theory on information risk ...
Purpose -The purpose of this paper is to provide rankings of quality of peer reviewed periodicals for faculty research use, rankings of usefuless of both peer reviewed and non-peer reviewed periodicals for teaching and outreach purposes, and rankings of usefulness of search engines for finding articles. Design/methodology/approach -An online survey was conducted during the Autumn Semester of 2006. 82 periodicals were identified as relevant to the Supply Chain Management field. Respondents were asked to rank their top used journals in terms of use for teaching, outreach and research. Findings -A total of 143 surveys were completed. Journal of Business Logistics, Harvard Business Review, and International Journal of Physical Distribution and Logistics Management were the top three ranked journals in the composite index. EBSCO Business Source Premier, ProQuest, and Google Scholar were the top three search engines used to find logistics and SCM articles. Research limitations/implications -A clear global consensus is forming on the top journals for SCM. However, the emergence of Operations Management/Operations Research Journals into the rankings is an important trend. There was also the absence of previously ranked journals as the field evolved from transportation and distribution to logistics to SCM. Originality/value -This paper is the largest survey completed to date in the field and substantially updates previous surveys. All academics who are active in SCM will find value in this paper.
The purpose of this study is to present a rigorous, focused review on how this field of ethical sourcing research has grown and evolved over the decades, providing implications for future research. We combine two research methodologies in this study: a systematic literature review and a citation network analysis. The former is used as a scientific tool to select the most relevant ethical sourcing articles, while the latter is then applied as a research technique to analyse these selected articles. Such a combined approach allows for a rigorous investigation into this field of research in a more scientific and objective way. Based on this approach, we identify (1) distinctive features of ethical sourcing studies such as growth trends and content issues; (2) important articles that have played a significant role in developing this field; (3) evolutionary paths that show how its knowledge has been created and transferred; (4) emerging trends that have received growing attention in the recent literature; (5) main research areas that underlie the entire ethical sourcing studies; and (6) major implications that need to be pursued in future research. The results of this study provide not only the current status of the literature but also the patterns of evolution in this field of research, thus contributing to the existing literature.
The current paper investigates the unbiasedness hypothesis of Forward Freight Agreement (FFA) prices in the freight over-the-counter (OTC) forward market trades. Cointegration techniques are employed to examine the hypothesis. The results indicate that: FFA prices one and two months before maturity are unbiased predictors of the realised spot freight rates for all investigated shipping routes; three months FFA prices for panamax Pacific routes are unbiased predictors of spot prices, while FFA prices for panamax Atlantic routes are found to be biased predictors of spot prices. This diverse evidence suggests that the validity of the unbiasedness hypothesis depends on the specific characteristics of the market under investigation, the selected trading route and the time to maturity of the contract. Copyright Kluwer Academic Publishers 2005forward markets, cointegration, unbiasedness, shipping,
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