Enhancing supply chain resilience and robustness through risk management: insights from Serbia

Aćimović S., Mijušković V., Fedajev A., Spasenić A. T., Radulesku M.

Risk Management, vol.27, no.4, 2025 (SSCI, Scopus) identifier

  • Publication Type: Article / Article
  • Volume: 27 Issue: 4
  • Publication Date: 2025
  • Doi Number: 10.1057/s41283-025-00167-7
  • Journal Name: Risk Management
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, ABI/INFORM, Agricultural & Environmental Science Database, Political Science Complete
  • Keywords: Pandemic, PLS-SEM, Resilience, Risk management, Robustness, Supply chain
  • Open Archive Collection: Article
  • Azerbaijan State University of Economics (UNEC) Affiliated: Yes

Abstract

The COVID-19 pandemic highlighted the critical role of supply chain (SC) risk management in maintaining corporate stability. This study investigates how risk management processes (identification, assessment, control, and mitigation) affect SC resilience and robustness during disruptions, offering insights for enhancing SC adaptability. An empirical analysis was conducted using survey data from 122 Serbian companies and tested via partial least squares structural equation modeling (PLS-SEM). Results reveal that pandemic disruption positively influenced risk assessment and mitigation but had no significant effect on risk identification and control. It also negatively impacted SC resilience and robustness. Among the risk management processes, only risk control and assessment significantly contributed to SC robustness, while risk identification and mitigation showed no significant effect. These mixed results suggest the need for firms to improve the integration of risk management phases to strengthen SC performance under disruption.