Risk Management Practices in the Global Supply Chain Industry

Abstract

The global supply chain industry has become increasingly complex and interconnected, making risk management practices essential for business continuity and profitability. This research paper explores the various risk management practices employed within the global supply chain sector, examining both traditional and modern approaches. The paper highlights key risks such as operational disruptions, geopolitical factors, and technological vulnerabilities, and how businesses mitigate these risks through strategic planning, collaboration, and technology adoption. Through an analysis of current practices, this paper aims to provide insights into effective risk management strategies in the modern global supply chain environment.