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Prioritising risk mitigation strategies for environmentally sustainable clothing supply chains: Insights from selected organisational theories

Recent outbreak of COVID-19 pandemic has provided strong impetus to supply chain resilience research. In a volatile and uncertain business environment, resilience can be incorporated by developing and implementing effective risk mitigation strategies. In this research, risk mitigation strategies for...

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Autores principales: Majumdar, Abhijit, Sinha, Sanjib Kumar, Govindan, Kannan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Institution of Chemical Engineers. Published by Elsevier B.V. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8536944/
https://www.ncbi.nlm.nih.gov/pubmed/34722848
http://dx.doi.org/10.1016/j.spc.2021.06.021
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author Majumdar, Abhijit
Sinha, Sanjib Kumar
Govindan, Kannan
author_facet Majumdar, Abhijit
Sinha, Sanjib Kumar
Govindan, Kannan
author_sort Majumdar, Abhijit
collection PubMed
description Recent outbreak of COVID-19 pandemic has provided strong impetus to supply chain resilience research. In a volatile and uncertain business environment, resilience can be incorporated by developing and implementing effective risk mitigation strategies. In this research, risk mitigation strategies for environmentally sustainable clothing supply chain have been prioritised by considering their efficacy to mitigate various risks. Twelve risks and thirteen mitigation strategies, identified through literature review and experts' opinion, are considered as decision criteria and alternatives respectively. Fuzzy Technique for Order Preference by Similarity to Ideal Solutions (fuzzy TOPSIS) is implemented under a group decision making scenario for prioritising the strategies. Developing supply chain agility; multiple green sourcing and flexible capacities; adoption of green practices; building trust, coordination and collaboration; and alignment of economic incentives and revenue sharing are found to be dominant risk mitigation strategies for environmentally sustainable clothing supply chain. These strategies have been viewed through the lens of resource dependence, change management and transaction cost theories. Organisation desirous to build resilience in their supply chain can prioritise the risk mitigation strategies and adopt a portfolio of strategies based on the outcome of this research.
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spelling pubmed-85369442021-10-25 Prioritising risk mitigation strategies for environmentally sustainable clothing supply chains: Insights from selected organisational theories Majumdar, Abhijit Sinha, Sanjib Kumar Govindan, Kannan Sustain Prod Consum Research Article Recent outbreak of COVID-19 pandemic has provided strong impetus to supply chain resilience research. In a volatile and uncertain business environment, resilience can be incorporated by developing and implementing effective risk mitigation strategies. In this research, risk mitigation strategies for environmentally sustainable clothing supply chain have been prioritised by considering their efficacy to mitigate various risks. Twelve risks and thirteen mitigation strategies, identified through literature review and experts' opinion, are considered as decision criteria and alternatives respectively. Fuzzy Technique for Order Preference by Similarity to Ideal Solutions (fuzzy TOPSIS) is implemented under a group decision making scenario for prioritising the strategies. Developing supply chain agility; multiple green sourcing and flexible capacities; adoption of green practices; building trust, coordination and collaboration; and alignment of economic incentives and revenue sharing are found to be dominant risk mitigation strategies for environmentally sustainable clothing supply chain. These strategies have been viewed through the lens of resource dependence, change management and transaction cost theories. Organisation desirous to build resilience in their supply chain can prioritise the risk mitigation strategies and adopt a portfolio of strategies based on the outcome of this research. Institution of Chemical Engineers. Published by Elsevier B.V. 2021-10 2021-06-24 /pmc/articles/PMC8536944/ /pubmed/34722848 http://dx.doi.org/10.1016/j.spc.2021.06.021 Text en © 2021 Institution of Chemical Engineers. Published by Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Research Article
Majumdar, Abhijit
Sinha, Sanjib Kumar
Govindan, Kannan
Prioritising risk mitigation strategies for environmentally sustainable clothing supply chains: Insights from selected organisational theories
title Prioritising risk mitigation strategies for environmentally sustainable clothing supply chains: Insights from selected organisational theories
title_full Prioritising risk mitigation strategies for environmentally sustainable clothing supply chains: Insights from selected organisational theories
title_fullStr Prioritising risk mitigation strategies for environmentally sustainable clothing supply chains: Insights from selected organisational theories
title_full_unstemmed Prioritising risk mitigation strategies for environmentally sustainable clothing supply chains: Insights from selected organisational theories
title_short Prioritising risk mitigation strategies for environmentally sustainable clothing supply chains: Insights from selected organisational theories
title_sort prioritising risk mitigation strategies for environmentally sustainable clothing supply chains: insights from selected organisational theories
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8536944/
https://www.ncbi.nlm.nih.gov/pubmed/34722848
http://dx.doi.org/10.1016/j.spc.2021.06.021
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