Supply Chain Risk Management as an Integrated Strategy for Ensuring Stability
Supply Chain Risk Management as an Integrated Strategy for Ensuring Stability
Author(s): Dmytro Rasshyvalov, Botagoz NURAKHOVA, Oleksandr ALBOSHCHII, Vitalii Reikin, Nadiia BOCHAROVASubject(s): Economy, Business Economy / Management, Accounting - Business Administration, ICT Information and Communications Technologies
Published by: RITHA Publishing
Keywords: mitigation; integrated management; cybersecurity; insurance; digital supply chains; supply chain resilience;
Summary/Abstract: This study systematically evaluated integrated risk management (IRM) approaches in global supply chains, examining risk categories, mitigation strategies, technological enablers, and framework gaps. Its aim was to provide a strategic understanding of IRM’s role in enhancing resilience and sustainability in volatile environments. Following PRISMA 2020 guidelines, a structured review of 79 peer-reviewed articles (2020–2025) was conducted across Scopus, WOS, JSTOR, and ScienceDirect. A dual-method approach combining thematic synthesis and quantitative descriptive analysis classified findings by risk type, industry focus, mitigation practices, and integration frameworks. The study found that operational risks were most frequently addressed, with increased attention to cyber and environmental risks. Integrated frameworks emphasizing redundancy, flexibility, real-time analytics, and governance networking are progressively replacing traditional siloed strategies. Technological tools such as AI, IoT, and blockchain have become central to proactive risk prediction and mitigation. In parallel, good governance networking (GGN) has been shown to significantly enhance logistics efficiency and trade responsiveness, reinforcing operational performance and service delivery. This review underscores a multi-level approach, combining technological, organizational, and governance enablers, as essential for resilient and sustainable supply chains in the post-COVID and digitally transformed landscape.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XX/2025
- Issue No: 3(89)
- Page Range: 613-636
- Page Count: 24
- Language: English
