The effect of supplier sustainability risk management strategies

This study aims to evaluate the adoption of four types of supplier sustainability risk management (SSRM) strategies, namely, risk avoidance (RA), risk acceptance (RAC), collaboration-based risk mitigation (CBM) and monitoring-based risk mitigation (MBM) in Sri Lankan apparel and retail industries, and to investigate their effect on supply chain performance (SCP).,This study uses the dynamic capability view (DCV) to develop its hypotheses. Data collected from 89 firms were analysed using partial least square (PLS) structural equation modelling and PLS-based multiple group analysis.,Sri Lankan apparel and retail firms adopt RA and MBM strategies relatively more than CBM and RAC strategies, whereas there is no significant difference between the two industries in terms of the use of SSRM strategies. The path analysis revealed significant effects of RA and RAC strategies on SCP of both industries. The effect of CBM strategy on SCP is moderated by industry, while MBM has no significant impact.,While managing supplier sustainability risks effectively, RA and RAC strategies provide more opportunities for managers to improve SCP. In achieving SCP, CBM strategies are proven to be more effective for retail industry compared with the apparel sector. Although MBM strategies offer sustainability advantages to firms, their contribution to improving the performance of apparel and retail supply chains is not significant. This research is limited to only two industries (apparel and retail) in Sri Lanka, where the evidence for the effects of SSRM strategies is not available for other contexts.,Either the effects of the four types of SSRM strategies on SCP or the moderating effect of industry on these effects have not been empirically confirmed in the literature. Evaluating the extent to which different strategies are implemented in Sri Lankan apparel and retail industries is another significant contribution of this research. Furthermore, this study contributes by using DCV to a sustainability-based supply chain risk management research.

Redefining Management of Supply-Side Risk

Roche Procurement Risk Management

Your ultimate / trusted Guide to Supply Chain Sustainability - SupplyShift

Modeling Supply Chain Sustainability-Related Risks and Vulnerability: Insights from the Textile Sector of Pakistan

Influence of supply chain risk management and its mediating role on supply chain performance: perspectives from an agri-fresh produce

Frontiers Sustainable Supply Chain Strategy and Sustainable Competitive Advantage: A Mediated and Moderated Model

Sustainable Business Practices: Managing Environmental Risks Effectively - FasterCapital

Future supply chains: resilience, agility, sustainability

Risks, Free Full-Text

Supplier Risk Management (SRM): The Definitive Guide

Frontiers Enhancing the resilience of sustainable supplier management through the combination of win‒win lean practices and auditing mechanisms—An analysis from the resource-based view

Sustainability in Procurement

The effects of sustainability practices on the performance of risk management and purchasing - ScienceDirect