Supply Chain Risk Management in the Era of Globalization

Abstract

Supply Chain Risk Management (SCRM) is crucial in the contemporary era of globalization, where organizations face diverse risks that can disrupt the flow of goods and services across their supply chains. This study explores the interconnectedness between globalization and SCRM, examining practices in the United States, Canada, Europe, and African countries. The research delves into regional variations, technological integrations, and the impact of the COVID-19 pandemic on SCRM. It adopts the Resource-Based View (RBV) to analyze how firms cultivate and leverage unique resources for resilient SCRM. The findings emphasize the need for holistic, collaborative, and tech-savvy approaches to address risks arising from geopolitical tensions, trade disputes, and regulatory changes. The study contributes to theory by extending RBV to SCRM, offering practical insights for businesses engaged in global supply chains, and providing policymakers with guidance for regulations that support sustainability and risk-aware decision-making. Overall, the study advances our understanding of SCRM in the globalized era and guides future research and policy development.