Edgar Ramos, Timothy J. Pettit, M. Habib, Melissa Chávez
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A model ISM-MICMAC for managing risk in agri-food supply chain: an investigation from the Andean region of Peru
During recent years, supply chain risks have gained importance in the food supply chain. This study presents a methodology to analyse the risk in the agri-food supply chain belonging to the Andean region in Peru. It utilises the interpretive structural modelling (ISM) with matrice d' impacts croises multiplication applique an classement (cross-impact matrix multiplication applied to classification, abbreviated as MICMAC) to identify and understand relationships between risk types. Based on the empirical data collected from the food industry experts, ten risk factors were identified as relevant. Finally, the identified risks were classified using ISM-MICMAC methodology. The research findings demonstrated that natural disaster, environmental, and legal risks were the most substantial. The findings highlight that selected methods are capable of recognising the most substantial risks that are most critical to assess, manage with adequate mitigation actions from the practitioners in the agri-food industry.
期刊介绍:
Today"s businesses have become extremely complex. The interplay of the three Cs, viz. consumers, competition and convergence, has thrown up new challenges for organisations all over the world. Sensitivity of economies to the external environment coupled with the turbulent process of globalisation has added the highest degree of uncertainty and unpredictability to business processes. To top it all, the effect of globalisation has shifted the balance of power in favour of the customer, though it may have opened a plethora of opportunities for all, in the form of variety and choice. For a variety of reasons, the pressures of competitive forces have enhanced product changes, supercharged by shortening product and technology development lifecycles.