Risk management and HR practices in supply chains: Preparing for the future
1 NHS Lothian, United Kingdom.
2 Department of Corporate Services, Gelose Marine Services Nig. Ltd, Port Harcourt, River State, Nigeria.
3 Independent Researcher, Lagos.
4 Independent Researcher, Canada.
Review Article
Magna Scientia Advanced Research and Reviews, 2024, 10(02), 238–255
Article DOI: 10.30574/msarr.2024.10.2.0065
Publication history:
Received on 06 March 2024; revised on 19 April 2024; accepted on 22 April 2024
Abstract:
This study explores the strategic integration of risk management and Human Resources (HR) practices within the context of supply chain management, aiming to identify how such integration enhances organizational resilience and sustainability. Employing a systematic literature review and content analysis, the study examines scholarly articles from key databases, focusing on the period from January 2000 to the present. The methodology involves a comprehensive search strategy, stringent inclusion and exclusion criteria, and a detailed selection process to distill insights from relevant literature. Key findings reveal that strategic HR practices, such as talent management, leadership development, and fostering a risk-aware culture, significantly contribute to mitigating supply chain risks and bolstering resilience. Furthermore, the study highlights the pivotal role of technological advancements, including artificial intelligence, blockchain, and the Internet of Things, in supporting the dynamic integration of risk management and HR practices. This integration not only addresses operational efficiencies but also aligns with strategic objectives towards sustainability and adaptability in the face of global disruptions. The study concludes that the strategic importance of integrating risk management with HR practices cannot be overstated, emphasizing its necessity for building agile, resilient, and sustainable supply chains. As organizations navigate the complexities of modern supply chains, this integrated approach offers a pathway to not only survive but thrive amid uncertainties, underscoring a blueprint for sustainable competitive advantage in evolving global markets. This review contributes to the existing body of knowledge by providing a comprehensive overview of current practices and future directions for integrating risk management and HR practices in supply chain management.
Keywords:
Supply Chain Resilience; Risk Management; Human Resources; Technological Advancements
Full text article in PDF:
Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0