Examining risks and strategies for the spice processing supply chain in the context of an emerging economy

Silva, USKD; Paul, A; Hasan, KW; Paul, SK; Ali, SM; Chakrabortty, RK

Examining risks and strategies for the spice processing supply chain in the context of an emerging economy

Silva, USKD Paul, A Hasan, KW Paul, SK Ali, SM Chakrabortty, RK

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Publisher:: Emerald
Publication Type:: Journal Article
Citation:: International Journal of Emerging Markets, 2022, ahead-of-print, (ahead-of-print)
Issue Date:: 2022-06

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Field	Value	Language
dc.contributor.author	Silva, USKD
dc.contributor.author	Paul, A
dc.contributor.author	Hasan, KW
dc.contributor.author	Paul, SK
dc.contributor.author	Ali, SM
dc.contributor.author	Chakrabortty, RK
dc.date.accessioned	2023-04-26T23:43:41Z
dc.date.available	2023-04-26T23:43:41Z
dc.date.issued	2022-06
dc.identifier.citation	International Journal of Emerging Markets, 2022, ahead-of-print, (ahead-of-print)
dc.identifier.issn	1746-8809
dc.identifier.issn	1746-8817
dc.identifier.uri	http://hdl.handle.net/10453/170122
dc.description.abstract	<jats:sec><jats:title content-type="abstract-subheading">Purpose</jats:title><jats:p>Managing supply chain risk is a crucial element in ensuring the long-term sustainability of any organization or industry. As such, identification of risks and deploying their mitigation strategies should be the focal point to sustain in the long run. The risks that are faced by food processing supply chains are gaining prominence, given more consumers requiring higher quality products while ensuring traceability. In essence, this research focuses on the supply chain risks and mitigation strategies in the spice industry of an emerging economy, Sri Lanka.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title><jats:p>This paper integrates two popular multi-criteria decision-making (MCDM) techniques, such as the analytical hierarchy process (AHP) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) to assess the supply chain risks and to derive their mitigation strategies for the spice industry.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Findings</jats:title><jats:p>Findings show that “inability to meet quality requirements” has been established as the most significant risk in the Sri Lankan spice industry. On the other hand, “vertical integration” (backward integration) has been discovered as the key mitigation strategy to ameliorate the effects of supply chain risks in this sector.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Research limitations/implications</jats:title><jats:p>This study is exploratory, and more empirical data and statistical analyses are needed to further validate the outcomes of the study.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Originality/value</jats:title><jats:p>Despite being one of the largest trade exporters in Sri Lanka, the spice industry gets scant attention to the identification and mitigation of the risks. The authors explored the supply chain risks in the spice industry and then prioritized the suitable mitigation strategies using an integrated AHP-TOPSIS method.</jats:p></jats:sec>
dc.language	en
dc.publisher	Emerald
dc.relation.ispartof	International Journal of Emerging Markets
dc.relation.isbasedon	10.1108/ijoem-07-2020-0776
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	1402 Applied Economics, 1503 Business and Management, 1505 Marketing
dc.title	Examining risks and strategies for the spice processing supply chain in the context of an emerging economy
dc.type	Journal Article
utslib.citation.volume	ahead-of-print
utslib.for	1402 Applied Economics
utslib.for	1503 Business and Management
utslib.for	1505 Marketing
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Management Discipline
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Professional Practice and Leadership
pubs.organisational-group	/University of Technology Sydney/Strength - CAMGIS - Centre for Advanced Modelling and Geospatial lnformation Systems
utslib.copyright.status	closed_access	*
pubs.consider-herdc	true
dc.date.updated	2023-04-26T23:43:39Z
pubs.issue	ahead-of-print
pubs.publication-status	Published
pubs.volume	ahead-of-print
utslib.citation.issue	ahead-of-print

Abstract:

PurposeManaging supply chain risk is a crucial element in ensuring the long-term sustainability of any organization or industry. As such, identification of risks and deploying their mitigation strategies should be the focal point to sustain in the long run. The risks that are faced by food processing supply chains are gaining prominence, given more consumers requiring higher quality products while ensuring traceability. In essence, this research focuses on the supply chain risks and mitigation strategies in the spice industry of an emerging economy, Sri Lanka.Design/methodology/approachThis paper integrates two popular multi-criteria decision-making (MCDM) techniques, such as the analytical hierarchy process (AHP) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) to assess the supply chain risks and to derive their mitigation strategies for the spice industry.FindingsFindings show that “inability to meet quality requirements” has been established as the most significant risk in the Sri Lankan spice industry. On the other hand, “vertical integration” (backward integration) has been discovered as the key mitigation strategy to ameliorate the effects of supply chain risks in this sector.Research limitations/implicationsThis study is exploratory, and more empirical data and statistical analyses are needed to further validate the outcomes of the study.Originality/valueDespite being one of the largest trade exporters in Sri Lanka, the spice industry gets scant attention to the identification and mitigation of the risks. The authors explored the supply chain risks in the spice industry and then prioritized the suitable mitigation strategies using an integrated AHP-TOPSIS method.

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http://hdl.handle.net/10453/170122