New risk assessment method boosts supply chain resilience against uncertainties!
Supply chain operations face increased risks due to uncertainties like wars, droughts, and pandemics. To manage these risks, supply chain risk management (SCRM) is crucial. One key aspect of SCRM is risk assessment, which helps identify and prioritize potential risks. The Analytical Hierarchy Process (AHP) is a method that offers advantages like flexibility and subjective assessment, making it useful for supply chain risk analysis. This paper discusses how AHP can be applied to assess and analyze risks in supply chains, providing a structured approach to minimize risks and enhance resilience.