Track: Supply Chain Management

Abstract

Abstract— Contemporary supply chain (SC) seems to be more susceptible to different risks and disruptions than ever. Almost all industries have seen increased competitive pressure in the business environment. This, high risk vulnerable, environment has compelled firms to make their intra firm business and inter firm SCs more risk preventive. In this tough business environment, the ultimate aspiration of managers is obviously to develop efficient risk mitigation strategy. However, risk mitigation is costly which necessitates firms to identify the most probable and critical risks that might be happen to their particular SC, before engaged in expensive actions, and then they can be able to prepare contingency plan to tackle them effectively. Therefore identifying specific risks and ways of managing the same in specific industry/firm and strategy is crucial. In this paper, we relate SC risks to strategy types: defender, prospector and innovator. We relate the SC risks reported in literature to these three strategy types. Later we relate ‘trust’ types to risk sharing and term of relationship among SC partners. We then plan to conduct an empirical investigation to verify the framework presented in this paper.