Purpose

Global and interconnected supply chains are increasingly exposed to systemic risks, whereby individual failures propagate across firms, sectors and borders. Systemic risks have emerged from the decisions of individual firms, e.g., outsourcing and buffer reduction, and are now beyond their control. This paper aims to identify appropriate approaches to mitigating those risks.

Design/methodology/approach

Systemic risks require analyzing supply chains beyond a dyadic perspective. This study approaches the problem through the lenses of complex systems and network theories. Drawing on the lessons learned from other systemic-risk-prone systems, e.g. energy and financial networks, both in research and practice, this study analyzes the adequate level of governance to monitor and manage systemic risks in supply chains.

Findings

The authors argue that governance institutions should be mandated to overview and reduce systemic risks in supply chains from the top down, as central bankers do for the financial system. Using firm-level data and tools from network analysis and system dynamics, they could quantify systemic risks, identify risk-prone interconnections in supply chains and design mitigating measures. This top-down approach would complement the bottom-up supply chain management approach and could help insurers design policies for contingent business interruptions.

Originality/value

Instead of looking at supply chains purely from the firms’ angle, the perspective of insurers and governments is brought in to reflect on the governance of risks.

中文翻译：

---

供应链中的系统性风险：需要系统级治理

目的

全球和相互关联的供应链越来越多地暴露于系统性风险中，个别失败会跨公司、部门和边界传播。系统性风险已经从个别公司的决策中出现，例如外包和减少缓冲，现在已经超出了他们的控制范围。本文旨在确定减轻这些风险的适当方法。

设计/方法/方法

系统性风险需要超越二元视角来分析供应链。本研究通过复杂系统和网络理论的视角来解决这个问题。本研究借鉴了在研究和实践中从其他易发生系统性风险的系统（例如能源和金融网络）中吸取的经验教训，分析了监控和管理供应链中系统性风险的适当治理水平。

发现

作者认为，应授权治理机构自上而下概述和降低供应链中的系统性风险，就像中央银行对金融系统所做的那样。使用来自网络分析和系统动态的公司级数据和工具，他们可以量化系统性风险，识别供应链中易发生风险的互连并设计缓解措施。这种自上而下的方法将补充自下而上的供应链管理方法，并可以帮助保险公司设计针对或有业务中断的政策。

原创性/价值

与其单纯从企业的角度看待供应链，还引入了保险公司和政府的视角来反思风险治理。