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Research Article | Volume 2 Issue 2 (July-Dec, 2021)
Risk Management in the Supply Chain during COVID-19 Pandemic in Vietnam Rice Import-Export Enterprises
Under a Creative Commons license
Open Access
Published
Oct. 31, 2021
Abstract
Logistics companies connect firms to markets by providing various services, including multimodal transportation, freight forwarding, warehousing, and inventory management. They are important for global manufacturing, which is complex and multilocational. A typical system of logistics includes many components, from raw material suppliers, manufacturers, distributors, wholesalers to other retailers. In reality, logistics systems can only function effectively if and only all aforementioned corresponding components operate effectively. In other words, if any component cannot function, the logistics system will easily collapse and not achieve its goals. Today, in the context of globalization, when the logistics system becomes increasingly diverse and complex, accordingly involving many components, the likelihood of risks is escalating. This paper conducts an in-depth analysis of the essence of risks in the supply chain and logistics operations of Vietnam rice import-export enterprises. Research results show that there exist six groups of risks that rice importers and exporters are facing, including: supplier side risks, manufacturer side risks, demand side risks, logistics side risks, information risks and environment risks.
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