STUDY OF SUPPLY CHAIN RISKS AND RISK MANAGEMENT STRATEGIES: A CASE STUDY OF SMALL SCALE INDIAN MANUFACTURING ENTERPRISE

Abstract

Market forces such as local and global competition, technological changes, frequent customer changes and environmental changes have forced Supply Chains (SC) of worldwide organisations more complex and exposed to more uncertainty and risks. A disruption in normal operations of a SC such as failure of transportation link, workers’ strike, terrorist attacks can make the supply chain more vulnerable and may, sometimes, slowdown or completely shut down the supply chain. The 9/11 terrorist attack, Covid-19 pandemic, Tsunami, earthquake, Uttrakhand disaster and Katerina typhoon had disrupted the supply chain of many organisations.