In today's dynamic global business environment, effective supply chain risk management (SCRM) is essential to ensure the resilience and competitiveness of supply chains. This paper explores the effect of SCRM practices on the current state of the global supply chain, with a specific focus on Weatherford Egypt's supply chain operations.
The paper begins by reviewing relevant literature on SCRM theories, frameworks, and empirical studies to establish a theoretical foundation. Utilizing a mixed-methods approach, the research collects quantitative data through a structured questionnaire administered to procurement, planning, and logistics professionals within Weatherford Egypt's supply chain department.
The quantitative analysis examines the relationship between SCRM practices and key dimensions of supply chain resilience, such as agility, adaptability, and robustness. Additionally, qualitative insights are derived from internal company documents, industry reports, and observations to provide context and depth to the findings.
The results highlighted on the effectiveness of SCRM practices in enhancing supply chain resilience and mitigating disruptions. Key findings highlight the importance of proactive risk identification, collaboration with supply chain partners, and the integration of technology in SCRM processes.
The paper examines how supply chain risk management (SCRM) can bolster global supply chains, specifically targeting Weatherford Egypt. It identifies crucial SCRM strategies and their challenges and benefits, emphasizing the need for proactive measures. Concluding with recommendations for SCRM improvement, the study aims to help organizations navigate disruptions more effectively and secure sustainable growth.