The impact of different dimensions of risk on supply chain performance in textile industry of Pakistan
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Date
2017
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Publisher
University of Management and Technology Lahore
Abstract
Textile Industries around the world are progressing by leap and bound. For the progress of any country’s economy it is very important to have such types of industries in the country to process its resourcesinto the finished product. Pakistan is agricultural economy and cotton is one of its major crops and there are over 6000 textile industries currently working in Pakistan.This research highlights some of the critical risks which can affect any company in Pakistan. By ignoring these risks duringthe currentperiod of time,a company can incur huge losses which cannot be recovered even after decades, since the global competition is at its peak and every country is striving to get more global market share. It is important to have the knowledgeaboutthese risk when developing business strategy.
A model is developed of different dimensions of risks and the supply chain performance. The risks involved in the model are demand side risks, supply side risks, infrastructural risks and macro risks.To measure the impact of these risks on Supply Chain Performance, one controllable variable was included i.e. risk management.Based on this model which is adopted from the literature, four hypotheses were developed.Quantitative research strategies were followed along with cross sectional data. One hundred and fifty four responses were collected from the textile industry of Pakistan,out of which only one hundred and thirty five are selected.OLS is used to measure their impact on Supply Chain Performance. After the analysis of the data, only one hypothesis was supported. Intheend, discussion based reasons are given which support the results presented in the research.
Description
Supervised by:Dr. Tashfeen Azhar
Keywords
Textile Industries, Risk management