Evaluating barriers and strategies to sustainable supply chain risk management in the context of an emerging economy

Reshad, AI; Biswas, T; Agarwal, R; Paul, SK; Azeem, A

Evaluating barriers and strategies to sustainable supply chain risk management in the context of an emerging economy

Reshad, AI Biswas, T Agarwal, R

Paul, SK Azeem, A

Permalink

Publisher:: Wiley
Publication Type:: Journal Article
Citation:: Business Strategy and the Environment, 2023, 32, (7), pp. 4315-4334
Issue Date:: 2023-11

Open Access

Copyright Clearance Process

Recently Added
In Progress
Open Access

This item is open access.

Adobe PDF

Download Published versionAdobe PDF (805.55 kB)

View on publisher's site

View statistics

Full metadata record

Field	Value	Language
dc.contributor.author	Reshad, AI
dc.contributor.author	Biswas, T
dc.contributor.author	Agarwal, R https://orcid.org/0000-0002-8493-7313
dc.contributor.author	Paul, SK
dc.contributor.author	Azeem, A
dc.date.accessioned	2024-03-04T21:30:53Z
dc.date.available	2024-03-04T21:30:53Z
dc.date.issued	2023-11
dc.identifier.citation	Business Strategy and the Environment, 2023, 32, (7), pp. 4315-4334
dc.identifier.issn	0964-4733
dc.identifier.issn	1099-0836
dc.identifier.uri	http://hdl.handle.net/10453/176086
dc.description.abstract	With increasing awareness about society and the environment, industries are urged to develop and implement sustainable supply chain (SSC) processes. However, the risk of non-compliance against these SSC processes to manage overall business risks, namely, avoiding reputational damage and managing financial losses, is increasingly receiving senior management attention. Given these shortcomings, the objective of this research is twofold, namely, (i) to identify and evaluate barriers adopting sustainable supply chain risk management (SSCRM) processes and (ii) to prioritize SSCRM strategies to overcome these barriers in an emerging economy, namely, Bangladesh. To achieve the objectives, this study develops a framework by integrating the technique for order of preference by similarity to ideal solution (TOPSIS) and VIsekriterijumska optimizacija i KOmpromisno Resenje (VIKOR). The results show that the “information-related barriers” are most prevalent among the categories of barriers, and “lack of coordination and collaboration” has been identified as the most significant barrier. Evaluating the strategies, “top management commitment” is the best strategy. These findings can help managers develop strategies to overcome the most significant barriers to adopting SSCRM. The proposed framework, which integrates quantitative and qualitative approaches, can be used by decision-makers to make accurate, prompt, and systematic decisions compliant with SSCRM business processes.
dc.language	en
dc.publisher	Wiley
dc.relation.ispartof	Business Strategy and the Environment
dc.relation.isbasedon	10.1002/bse.3367
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	0502 Environmental Science and Management, 1501 Accounting, Auditing and Accountability, 1503 Business and Management
dc.subject.classification	Business & Management
dc.subject.classification	3501 Accounting, auditing and accountability
dc.subject.classification	3502 Banking, finance and investment
dc.subject.classification	3507 Strategy, management and organisational behaviour
dc.title	Evaluating barriers and strategies to sustainable supply chain risk management in the context of an emerging economy
dc.type	Journal Article
utslib.citation.volume	32
utslib.for	0502 Environmental Science and Management
utslib.for	1501 Accounting, Auditing and Accountability
utslib.for	1503 Business and Management
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/Strength - CAMGIS - Centre for Advanced Modelling and Geospatial lnformation Systems
utslib.copyright.status	open_access	*
pubs.consider-herdc	true
dc.date.updated	2024-03-04T21:30:52Z
pubs.issue	7
pubs.publication-status	Published online
pubs.volume	32
utslib.citation.issue	7

Abstract:

With increasing awareness about society and the environment, industries are urged to develop and implement sustainable supply chain (SSC) processes. However, the risk of non-compliance against these SSC processes to manage overall business risks, namely, avoiding reputational damage and managing financial losses, is increasingly receiving senior management attention. Given these shortcomings, the objective of this research is twofold, namely, (i) to identify and evaluate barriers adopting sustainable supply chain risk management (SSCRM) processes and (ii) to prioritize SSCRM strategies to overcome these barriers in an emerging economy, namely, Bangladesh. To achieve the objectives, this study develops a framework by integrating the technique for order of preference by similarity to ideal solution (TOPSIS) and VIsekriterijumska optimizacija i KOmpromisno Resenje (VIKOR). The results show that the “information-related barriers” are most prevalent among the categories of barriers, and “lack of coordination and collaboration” has been identified as the most significant barrier. Evaluating the strategies, “top management commitment” is the best strategy. These findings can help managers develop strategies to overcome the most significant barriers to adopting SSCRM. The proposed framework, which integrates quantitative and qualitative approaches, can be used by decision-makers to make accurate, prompt, and systematic decisions compliant with SSCRM business processes.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/176086