Economica (Jan 2019)
SUPPLY CHAIN RISKS
Abstract
The complexity of the business environment due to globalization can be characterized by liberalization and internationalization of human, material and financial resources flows, leading to rapid innovation, diversified products and markets, new opportunities, but at the same time, to multiplied risks. The notion of risk is not a new one in the business world, but less common in the scientists’ research on the supply chain. Identifying risk items across the supply chain is becoming more and more important. Changes to a single link in the supply chain can have an upstream and downstream effect. This article examines the notion of risk as well as its negative and positive side by incorporating the two components – threats & opportunities. The types of risks in the supply chain and the factors that influence them are studied.
