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- W4285294604 abstract "Modern conditions of companies functioning engaged in foreign economic activity are complicated and unpredictable due to the situation with quarantine restrictions, transformation of global supply chains and difficult economic situation. Therefore, such problems as effective risk management in supply chains and minimization of their impact on companies become relevant. Risk management in the supply chain is based on prevention and minimization of the negative impact on companies, by identifying and assessing risks, as well as developing recommendations to avoid them using modern integrated, innovative instruments and technologies. In this study, the logistics risks were identified, such as an untypical and unpredictable situation that appears during logistics operations in the foreign supply chain, which causes the absence of goods on time, in the right place, with the right quality and expected price and leads to disruption of delivery and non-compliance with terms of contract. A study of risk management problems in the international supply chain, namely the assessment of risk management methods was made. An approach to risk assessment in the supply chain based on the formation of an index system of risk management was proposed. Based on this approach, the sequence of risk analysis of the logistics company activity was determined using the risk assessment matrix, risk analysis matrix and risk management response, information and information support matrix. The problems that arise in the process of quality assessment of risk management were identified and the most effective risk management instruments for supply chain risks minimization were proposed. Forms of globalization and market risks neutralization were proposed, taking into account external environmental factors (pandemic and quarantine restrictions; exchange rate fluctuations; unstable economy; increased complexity of customs procedures; market speculation, etc.). It is necessary, primarily, to improve logistics processes and make efficient logistics by all supply chain participants, flexibly approach customer needs and monitor global changes attentively, quickly respond to them and form a flexible and reliable supply chain to minimize risks in the goods supply chain." @default.
- W4285294604 created "2022-07-14" @default.
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- W4285294604 date "2022-01-01" @default.
- W4285294604 modified "2023-09-24" @default.
- W4285294604 title "RISK MANAGEMENT OF FOREIGN GOODS SUPPLY CHAIN" @default.
- W4285294604 doi "https://doi.org/10.32782/easterneurope.34-20" @default.
- W4285294604 hasPublicationYear "2022" @default.
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