Title: Formation mechanism and management strategy of logistics supply chain risk

Authors: Yulong Wan; Xiaoying Bai

Addresses: School of Business, Jiangsu Vocational College of Electronics and Information, Huai'an, Jiangsu, 223003, China ' Faculty of Automation, Huai yin Institute of Technology, Huai'an, Jiangsu, 223003, China

Abstract: In order to reduce logistics delays and improve logistics continuity, this paper researches the mechanism and management strategy of logistics supply chain risk formation, and analyses the impact of risks based on the overall structure of the logistics supply chain. The mechanism of risk formation is explained from the aspects of relationship closeness, external environmental factors, information asymmetry, globalisation, and complexity. Finally, risk management strategies are proposed from the aspects of establishing supplier risk assessment and management mechanisms, diversifying supply chains and resource sources, strengthening information sharing and coordination mechanisms, warning and predicting risk events, and establishing flexible supply chain planning and inventory management strategies. Case studies have shown that the application of this strategy can reduce the delay of logistics supply chain, and the interruption time can be reduced to 2.4 h.

Keywords: logistics supply chain; risk formation mechanism; management strategy; risk events.

DOI: 10.1504/IJSD.2024.140008

International Journal of Sustainable Development, 2024 Vol.27 No.3, pp.298 - 310

Received: 22 Aug 2023
Accepted: 11 Jan 2024
Published online: 15 Jul 2024 *