Aligning Strategies in Mitigating Supply Risk: The Role of Supply Chain Management in an Emerging Economy

Registration ID: IJNRD_217838

Published ID: IJNRD2404348

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Ahmed Abdallah Adam , Musah Osumanu Doumbia , Irene Iris Akaab , Hariharan Laxminarayan , Mercy Torsu

Supply Chain Management (SCM), Emerging Economies, Supply Risk Mitigation, Market Volatility, Infrastructure Challenges, Regulatory Environment, Global Best Practices, Localized Strategies, Collaboration in SCM, Technological Adaptation, Supply Chain Agility.

This paper adopts a structured literature review methodology to delve into the pivotal role of supply chain management (SCM) in countering supply risks within emerging economies. The review methodically collects, analyzes, and synthesizes a broad spectrum of existing studies and real-world case studies. This rigorous process uncovers how SCM strategies can be tailored to address specific challenges in these markets, like market volatility, infrastructural constraints, and diverse regulatory landscapes. By integrating globally recognized best practices with strategies that resonate with local dynamics, the paper proposes a nuanced approach to managing supply risks. It underscores the significance of collaboration, the incorporation of technological advancements, and maintaining agility in SCM processes. The findings reveal insightful SCM models that align risk mitigation with the economic and cultural realities of emerging markets, thereby offering valuable strategic insights. Additionally, the paper explores the impact of digital transformation in SCM and the influence of governmental policies and international trade agreements in shaping SCM strategies in these regions. By providing a comprehensive framework for aligning SCM strategies with the objective of risk mitigation, this research contributes to a deeper understanding of strategic SCM. It advocates for the development of resilience and sustainable growth in emerging economies, thereby addressing a critical gap in SCM literature and offering pragmatic guidelines for businesses and policymakers in these burgeoning markets.

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Ahmed Abdallah Adam, Musah Osumanu Doumbia , Irene Iris Akaab , Hariharan Laxminarayan , & Mercy Torsu (April-2024). Aligning Strategies in Mitigating Supply Risk: The Role of Supply Chain Management in an Emerging Economy. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(4), d415-d437. https://ijnrd.org/papers/IJNRD2404348.pdf

Volume 9 Issue 4, April-2024

Pages : d415-d437

Paper Reg. ID: IJNRD_217838

Published Paper Id: IJNRD2404348

Downloads: 000121979

Research Area: Management

Country: Accra, Greater Accra, Ghana

Published Paper PDF: https://ijnrd.org/papers/IJNRD2404348.pdf

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Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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