Assessment of the Impact of Supply Chain Risk Factors on Supply Chain Performance

V. Osei¹

Section:Research Paper, Product Type: Journal-Paper
Vol.8 , Issue.5 , pp.56-67, May-2022

Online published on May 31, 2022

Copyright © V. Osei . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
Exposure to significant supply chain risks results in a decline in the performance of a firm`s supply network. The goal of this research is to determine the impact levels of six different types of supply chain risk factors on the performance of the supply network of hotels within the Ghanaian hospitality sector. Additionally, the article discusses the moderating effects of supply chain risk management strategies on the impacts of supply chain risks on supply chain performance. The Partial Least Squares-Structural Equation Modeling (PLS-SEM) approach was used to analyze empirical data collected through a cross-sectional survey of a purposive sample of hotels within the Ghanaian hospitality sector. Overall, this study demonstrated a statistically significant negative correlation between supply chain risk and performance. Specifically, various types of supply chain risks have varying degrees of impact on supply chain performance. Although some have negative impacts, others have positive impacts due to contextual influences. The most critical risks in the sample investigated were operations and information risks. Additionally, the implementation of supply chain risk management strategies has the potential to moderate the effects of supply chain risks on performance. Few studies have examined the impact of supply chain risks on the performance of supply networks, and the results from various study contexts are equivocal. This article gives practitioners, scholars, and researchers empirical information about the most severe risk variables that hurt the performance of a firm`s supply chain, especially in the case of hotels in African emerging economies.

Key-Words / Index Term :
Hospitality, Supply Chain Risks, Supply Chain Performance, Supply Chain Risk Management

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