Internal Risks Drive Corporate Strategy: Supply Chain Risk Management Impacts Performance
The article examines how different factors in supply chain risk management impact a company's risk management strategy and performance. The researchers classified risk factors into supply, demand, operations, network, and external environment categories. They found that companies tend to adopt passive strategies for internal risks like operations and human resources, while external risks like the environment influence more active risk management approaches. Overall, companies are focusing more on managing internal risks, which significantly affects their performance. This suggests that companies should proactively analyze various risk factors to develop effective risk management strategies.