Globalization Fuels Supply Chain Risks, Threatening Businesses and Consumers Worldwide
The article discusses how complex supply networks can lead to increased risks, which can change and shift within the network. The researchers review different types of risks and propose a comprehensive approach to assessing and managing these risks. They found a lack of research and tools to help identify, assess, and manage risks in supply networks. The researchers developed a tool and tested it in the electronics sector, finding it useful in identifying and managing risks. They suggest further development and application of the tool for better risk management in supply networks.