Supply Chain Risk Assessment in the Ornamental Fish Supply Chain

Abstract

Systematic risk management plays a key role in confronting the emerging challenges of business. A conceptual framework is presented here for the evaluation of risks in the ornamental fish supply chain. With a prolonged study and deliberations with field experts, various types of risks are brought out of the ornamental fish supply chain. From the study, the types of risks associated are clustered into six categories, namely macro level risk, demand risk, supply risk, quality risk, risk on asset and infrastructure and financial risk, to find out the major risks in this supply chain. Friedman's ranked data test is applied to find the significant difference in various risks clustered in the categories. The study allows a supply chain member to develop a clear view of risk related to the entire supply chain. The article can help the members of the ornamental fish supply chain to make use of the study and information to make more efficient and effective supply chain.