Evaluating barriers and strategies to sustainable supply chain risk management in the context of an emerging economy

Abstract

With increasing awareness about society and the environment, industries are urged to develop and implement sustainable supply chain (SSC) processes. However, the risk of non‐compliance against these SSC processes to manage overall business risks, namely, avoiding reputational damage and managing financial losses, is increasingly receiving senior management attention. Given these shortcomings, the objective of this research is twofold, namely, (i) to identify and evaluate barriers adopting sustainable supply chain risk management (SSCRM) processes and (ii) to prioritize SSCRM strategies to overcome these barriers in an emerging economy, namely, Bangladesh. To achieve the objectives, this study develops a framework by integrating the technique for order of preference by similarity to ideal solution (TOPSIS) and VIsekriterijumska optimizacija i KOmpromisno Resenje (VIKOR). The results show that the “information‐related barriers” are most prevalent among the categories of barriers, and “lack of coordination and collaboration” has been identified as the most significant barrier. Evaluating the strategies, “top management commitment” is the best strategy. These findings can help managers develop strategies to overcome the most significant barriers to adopting SSCRM. The proposed framework, which integrates quantitative and qualitative approaches, can be used by decision‐makers to make accurate, prompt, and systematic decisions compliant with SSCRM business processes.

A systematic assessment of multi‐dimensional risk factors for sustainable development in food grain supply chains: A business strategic prospective analysis

“…This will improve output and pricing for farmers. However, prior studies do not consider this risk mitigative strategy in their analysis (Behzadi et al, 2018; Rathore et al, 2021; Reshad et al, 2023). Moreover, contemporary marketplaces like public procurement and public transit may provide farmers, particularly those in distant locations, with greater access to markets (Pillay & Kumar, 2018; Prier & McCue, 2009; Singha Mahapatra & Mahanty, 2020).…”

Risk Factors Assessment of Smart Supply Chain in Intelligent Manufacturing Services Using DEMATEL Method With LINGUISTIC q-ROF Information

“…Cheng et al [44] assessed and identified the risks of factors affecting the historical concentration of microcystin in Taihu Lake, China, through sampling and chemical element analysis. Reshad [45] integrates the TOPSIS and VISekriteri-jumska optimizacija i KOmpromisno Resenje (VIKOR) methods to identify and assess the obstacles to sustainable supply chain risk management, and proposes strategies to overcome the obstacles. Lima et al [46] proposed a theoretical framework on risk and uncertainty management in sustainable supply chains to help scholars and practitioners understand the challenges of circular economy implementation.…”

Criteria Clustering and Supplier Segmentation Based on Sustainable Shared Value Using BWM and PROMETHEE

“…Nowadays, we need deeper and more participatory relationships, and also we need to use methods that make supplier relationship management more practical and more simple and facilitate selecting the best strategic interactive approach with them [26,27]. All of these factors are demonstrative of suppliers' important differences and, as a result, highlight the need to prepare diverse strategies to interact with them.…”