New Study by Turner College Management Professor Johnny Ho Presents Supply Chain Risk Management Approach to Trade Wars

New research by Turner College management professor Johnny Ho, Yaojie Li of the University of New Orleans, David Ang of Auburn University at Montgomery, and Tristan Shytle of Home Depot, explains that supply chain management is a dynamic business concept that continually adapts to the evolving market landscape. Dating back to the ninth century, individuals have engaged in the trade of goods, which requires a number of interconnected systems that revolve around the ideas of trust, risk, and opportunity. Supply chain management addresses critical issues and frequently uncovers inefficiencies in current models and solution approaches. To better understand and mitigate these inefficiencies, Ho and his co-authors state that there is a growing focus on researching and implementing supply chain risk management, which fosters transparency among all supply chain participants, enhancing the likelihood of a seamless process with optimal efficiency. While globalization has streamlined trade and commerce, it has also introduced increased risks for supply chains operating across borders. The interconnected nature of supply chains between countries creates a mutual dependence, which, as Ho and his colleagues assert, boosts global productivity while amplifying associated risks. Their study, which appears in the current issue of the International Journal of Management, Marketing, and Decision Sciences, delves into the implementation of supply chain risk management, examining existing framework models and proposing a new model tailored for scenarios such as trade wars.