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Supply Chain Risk Management as an Integrated Strategy for Ensuring Stability

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Author(s):
  • Dmytro RASSHYVALOV Department of International Business, ES Institute of International Relations Taras Shevchenko National University of Kyiv, Ukraine
  • Botagoz NURAKHOVA Narxoz University, Almaty, Kazakhstan
  • Oleksandr ALBOSHCHII Department of Logistics Management, National Academy of the National Guard of Ukraine, Kharkiv, Ukraine
  • Vitalii REIKIN Department of Marketing, Lesya Ukrainka Volyn National University, Lutsk, Ukraine
  • Nadiia BOCHAROVA Department of Management, Faculty of Management and Business, Kharkiv National Automobile and Highway University, Ukraine
Abstract:

This study systematically evaluated integrated risk management (IRM) approaches in global supply chains, examining risk categories, mitigation strategies, technological enablers, and framework gaps. Its aim was to provide a strategic understanding of IRM’s role in enhancing resilience and sustainability in volatile environments. Following PRISMA 2020 guidelines, a structured review of 79 peer-reviewed articles (2020–2025) was conducted across Scopus, WOS, JSTOR, and ScienceDirect. A dual-method approach combining thematic synthesis and quantitative descriptive analysis classified findings by risk type, industry focus, mitigation practices, and integration frameworks.
 

The study found that operational risks were most frequently addressed, with increased attention to cyber and environmental risks. Integrated frameworks emphasizing redundancy, flexibility, real-time analytics, and governance networking are progressively replacing traditional siloed strategies. Technological tools such as AI, IoT, and blockchain have become central to proactive risk prediction and mitigation. In parallel, good governance networking (GGN) has been shown to significantly enhance logistics efficiency and trade responsiveness, reinforcing operational performance and service delivery. This review underscores a multi-level approach, combining technological, organizational, and governance enablers, as essential for resilient and sustainable supply chains in the post-COVID and digitally transformed landscape.


Copyright© 2025 The Author(s). This article is distributed under the terms of the license CC-BY 4.0., which permits any further distribution in any medium, provided the original work is properly cited.


Article’s history: Received 10th of August, 2025; Revised 9th of September, 2025; Accepted 20th of September, 2025; Available online: 30th of September, 2025. Published as article in the Volume XX, Fall, Issue 3(89), 2025.

How to cite:

Rasshyvalov, D., Nurakhova, B., Alboshchii, O., Reikin, V., & Bocharova, N. (2025). Supply Chain Risk Management as an Integrated Strategy for Ensuring Stability. Journal of Applied Economic Sciences, Volume XX, Fall, 3(89), 613–636. https://doi.org/10.57017/jaes.v20.3(89).15


Acknowledgments/Funding: The authors did not receive financing for the development of this research.


Conflict of Interest Statement: The authors declare that there is no conflict of interest.


Data Availability Statement: The data that support the findings of this study are openly available.


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